Myanmar: Natural Gas

(asked on 26th January 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government what assessment they have made of the British insurance companies providing services to the gas extraction and export industry in Myanmar.

Answered by
Lord Ahmad of Wimbledon
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 9th February 2023

We recognise that Myanmar's gas extraction sector is a vital source of revenue for the military. We are unaware of any British companies providing services to this sector. Since the military coup in Myanmar, the UK has led international efforts to reduce the military's access to revenue, arms and equipment. To prevent the military from profiting off natural resource extraction, we have imposed extensive sanctions on the regime and its associated businesses. We have also strengthened our Overseas Business Risk Guidance, to warn companies of the risks associated with Myanmar's extractive sector. We will continue to do all we can to cut the military's access to revenue, through both sanctions and non-sanctions measures.

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