Gas Companies Must Support Democracy and Stop Flow of Wealth to the Military Junta
This report was published through the work of Asian Dignity Initiative (ADI), Mineral Inheritors Rights Association (MIRA), and Publish What You Pay Australia.
The Shwe Gas project is one of Myanmar’s four main offshore gas projects and consists of the Shwe, Shwe Phyu and Mya offshore gas fields, located in the Bay of Bengal, Myanmar. The project started production in 2013 and is operated by POSCO International from Korea3 with joint venture partners Gail JJ Ltd, ONGC Videsh Ltd from India, Korean Gas Corporation (KOGAS) and Myanma Oil and Gas Enterprise (MOGE). The project has contributed between USD 214 million and USD 471 million per year from 2015 to 2019.
Following the coup, the military is likely to once again use MOGE to misappropriate all payments (gas sales proceeds, pipeline dividends and taxes) to sustain its control of the government apparatus, finance its operations against the local population and to seize portions for private gain. The military similarly exercises control over the state-owned enterprise banks in which MOGE has its accounts. Therefore all mineral sale proceeds from these projects and pipelines are now controlled by the military. This means any international oil and gas company making or facilitating the payment of funds to MOGE is likely to be assisting the Myanmar military in committing extensive human rights abuses and financing and legitimizing its claim to be the government of Myanmar.
https://drive.google.com/file/d/1822GW1Ii0M7694SQVCvUv2N8z14EySPo/view
Gas Companies Must Support Democracy and Stop Flow of Wealth to the Military Junta
This report was published through the work of Asian Dignity Initiative (ADI), Mineral Inheritors Rights Association (MIRA), and Publish What You Pay Australia.
The Shwe Gas project is one of Myanmar’s four main offshore gas projects and consists of the Shwe, Shwe Phyu and Mya offshore gas fields, located in the Bay of Bengal, Myanmar. The project started production in 2013 and is operated by POSCO International from Korea3 with joint venture partners Gail JJ Ltd, ONGC Videsh Ltd from India, Korean Gas Corporation (KOGAS) and Myanma Oil and Gas Enterprise (MOGE). The project has contributed between USD 214 million and USD 471 million per year from 2015 to 2019.
Following the coup, the military is likely to once again use MOGE to misappropriate all payments (gas sales proceeds, pipeline dividends and taxes) to sustain its control of the government apparatus, finance its operations against the local population and to seize portions for private gain. The military similarly exercises control over the state-owned enterprise banks in which MOGE has its accounts. Therefore all mineral sale proceeds from these projects and pipelines are now controlled by the military. This means any international oil and gas company making or facilitating the payment of funds to MOGE is likely to be assisting the Myanmar military in committing extensive human rights abuses and financing and legitimizing its claim to be the government of Myanmar.
https://drive.google.com/file/d/1822GW1Ii0M7694SQVCvUv2N8z14EySPo/view