MGTC Shareholders vote to suspend all cash distributions
In light of the unstable context in Myanmar, following a joint proposal by Total and Chevron at the occasion of a shareholders’ meeting of MGTC (Moattama Gas Transportation Company Limited) held on 12th May 2021, cash distributions to the shareholders of the company have been suspended.
The decision to suspend is effective from 1st April 2021 and all cash distributions by MGTC to its shareholders (Total (31.24%), Chevron (28.26%), PTTEP (25.5%) and MOGE (15%)) are suspended.
MGTC gas transportation system carries the gas produced from the Yadana field operated by Total Exploration & Production Myanmar to the Myanmar/Thailand border over a distance of 400 kilometers.
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