In light of the restrictive measures adopted by the European Union since the end of 1988, especially in the area of trade (these measures were suspended in April 2012, see above), trade between France and Myanmar is limited, standing at 17 million euros in 2011 (against 96 million euros in 2000).
France is not a major investor in Myanmar. The primary French project approved by the Investment Commission is TOTAL’s, representing an investment of USD 480 million. TOTAL, operator of the Yadana gas field, holds a 31% stake. The US company Chevron, also present in the consortium, holds 28%, the Thai company PTTEP 25%, and the Myanmar company MOGE 15%. Most of the gas produced is for the Thai market.
Updated on 01.08.12