Demand PTT stop bankrolling the Myanmar military!

As Myanmar’s generals seek revenues to prop up their military dictatorship, there’s one source of money they can count on: natural gas projects backed by foreign investors, such as PTT, formerly the Petroleum Authority of Thailand.

Myanmar earns close to US$1 billion a year from natural gas sales. Much of this money flows through Myanma Oil and Gas Enterprise (MOGE), a state-owned enterprise with deep links to the military’s business empire. Last year's military coup places MOGE and the rest of the government under direct military control.

PTT is the largest Thai corporate investor in Burma (Myanmar) and a partner of Myanma Oil and Gas Enterprise (MOGE) in the Yadana gas field and pipeline. Yadana is one of the military’s largest sources of revenue, bankrolling up to 70 percent of its operations in years past. With the decison by TotalEnergies and Chevron to exit Myanmar and the Yadana project, PTT may well become the majority owner and operator.

The people of Myanmar have mobilized against the military coup through a campaign of civil disobedience, boycotts of military-owned companies, and pressure on foreign companies to stop supporitng the Junta. Now, more than ever, let's pressure PTT until it stops bankrolling the Myanmar military.

For more information:

"Amid military atrocities, Myanmar public urges gas sanctions," by Kristen Gelineau, Victoria Milko, and Lori Hinnant, Associated Press, 15 December 2021

"Thailand's PTT Exploration and Production Taking Over Myanmar Gas Field as Others Exit," Reuters, 26 January 2022

"How Oil and Gas Majors Bankroll the Myanmar Military Regime," Justice For Myanmar, 8 February 2021

"Total Impact: The Human Rights, Environmental, and Financial Impacts of Total and Chevron’s Yadana Gas Project in Military Ruled Burma (Myanmar)," EarthRights International, September 2009