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Disclosure

30 Jan 2023

ENEOS' response

1.Has your company completed its withdrawal from Myanmar? Can you briefly describe the nature, sector, scale, and geographic area of any of your remaining business operations or investments in Myanmar?

Not yet. We are currently in the process of obtaining approval from the Myanmar government, which is necessary for the withdrawal.

We are discussing with the governmental authority in collaboration with other withdrawing partners to proceed with the withdrawal in an orderly manner, in accordance with the relevant contracts.

This withdrawal will be effective after obtaining approval from the Myanmar government.

2. In the process of your company’s withdrawal:

a.What have been the key considerations informing this decision and did you consult with your workers and/or other affected stakeholders as part of your decision-making process?  

We have decided to withdraw after discussions taking into consideration the project economics based on the technical evaluation of Yetagun gas fields and country's current situation following the coup.

b.What are the immediate and longer-term steps that your company has taken or is prepared to take to mitigate any negative impacts of your exit on affected communities and your workers, including addressing any loss of income?

Unfortunately, due to reasons of confidentiality we can't answer the question.

3. If your company, subsidiary, or affiliate chooses to continue operating in Myanmar, what human rights due diligence has been undertaken and how are you planning to mitigate harm in Myanmar in your operations? We are discussing with the governmental authority in collaboration with other withdrawing partners to proceed with the withdrawal in an orderly manner, in accordance with the relevant contracts.

We don’t have any intention to continue this project in Myanmar.

We have continuously worked on our partners to ensure that gas revenues do not go to the Myanmar junta and have a part in human rights violations.

4. What kind of due diligence measures does your company use to ensure that it does not have any business relationships with the Myanmar junta?

We have continuously worked on our partners to ensure that gas revenues do not go to the Myanmar junta and have a part in human rights violations.

Timeline

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