Puma Energy opens Myanmar's largest petroleum products terminal

Puma Energy opens Myanmar's largest petroleum products terminal

Puma Energy Asia Sun, a JV between Puma Energy, the global mid and
downstream energy company, and Asia Sun Energy (ASE), a local company
experienced in logistics and trading in Myanmar, celebrated the opening of
its petroleum products terminal at Thilawa port, southeast of Yangon.

This $92-MM investment into the country's largest petroleum products
terminal is a first of its kind for the petroleum industry in Myanmar, which
has just opened up to foreign direct investment in this area.

With a fuel storage capacity of 91,000 m³, the Thilawa terminal is the
largest and most modern refined products import terminal in Myanmar. Its
storage facilities cater for a range of petroleum products, including
commercial fuels (Mogas 95 and 92, low sulphur Diesel), HFO (heavy fuel oil
typically used for power generation), bitumen and jet fuel.

"Puma Energy Asia Sun has invested close to $100 MM in this vital fuel
infrastructure to support the long-term economic development of the country.
The Thilawa terminal will support Myanmar's increasing need for transport
fuel and contribute towards the nation's development," said David Holden,
General Manager of Puma Energy Asia Sun.

PEAS has hired 80 full-time staff, the majority of whom are local hires.

"We are proud to set a standard in the industry with our infrastructure,
modern quality control processes and independent on-site lab. We are
confident that these unique features will establish Puma Energy Asia Sun as
a reliable provider of high quality fuels in Myanmar," said Win Kyaw,
Chairman of Puma Energy Asia Sun.

The Puma Energy Asia Sun terminal is the first in Myanmar to be built to
American Petroleum Institute (API), American Society Mechanical Engineering
(ASME) and National Fire Protection Association (NFPA) international
guidelines for construction, safety and environmental standards. Some of the
site's features include sophisticated fire-fighting systems, a robust
emergency management plan and containment systems.

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Link to Original Article:
http://www.hydrocarbonprocessing.com/news/2017/05/puma-energy-opens-myanmar-
s-largest-petroleum-products-terminal

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com