PetrolWorld attends Official Opening of the Puma Energy Asia Sun Thilawa Fuel Terminal.
Attending the official opening of the new Puma Energy Asia Sun (PEAS) fuel terminal in Thilawa, just outside Yangon, opened my eyes to the importance of good timing. Myanmar is undergoing radical change with the combined forces of inward investment and major infrastructure development. The Government is opening up the fuels market and is in the final stages of issuing license for new joint venture partner in developing the fuel retail network.
The official opening of the new modern PEAS fuel terminal took place on Saturday 6th May. The new terminal links the Myanmar fuels market with the international fuel supply chain. It marks an important step in the future development of fuel supply and distribution for the country.
Underlining the importance of the occasion was the representation of Myanmar ministers and local authorities. This included Dr U Htun Naing, Deputy Minister Myanmar Energy; U Han Htoon, Yangon State Minister of Energy; U Ni Aung, MD Myanma Port Authority; U San Myint, Deputy Director and General, Directorate Investment Company.
Puma Energy senior management team attended and this included Pierre Eladari, CEO; Chin Hwee Tan, CEO Asia Pacific, Win Kyaw, Chairman P.E.S. Myanmar Co Ltd., David Holden, Country Manager and many more senior executives from PEAS and Puma Energy HQ in Singapore.
Puma Energy has developed a strong link with the country of Myanmar over the last three years. In September 2015, Puma Energy formally entered into an aviation fuels joint venture with Myanma Petroleum Products Enterprise (MPPE). This project supplies jet fuel to the countries 12 airports and represents an investment of us$50. The current PEAS Thilawa terminal has seen us$92m invested in the project. Both these project employ over 310 full time staff and we can expect to see Puma Energy expand its presence in the region over the coming years.
The PetrolWorld News Library has covered the historical and recent developments in Myanmar. Our news library has a wealth of information on Puma Energy operations around the world.