MOGE royalties and fees are estimated to generate US$1.5 billion in annual revenues, about half of the country's foreign currency reserves.
[6] Since the 2021 Myanmar coup d'état, MOGE has become the largest foreign currency source for the military regime, the State Administration Council.
[10] In January 2022, TotalEnergies, Chevron, and Woodside Energy announced they would withdraw from the Myanmar market, following pressure from activists who have called for companies to cut financial ties with MOGE.
[15] In April 2022, Malaysian-owned Petronas followed suit, withdrawing from the Yetagun gas field project.
[16] MOGE operates several offshore gas fields, and has a commercial stake in each active project: