Myanmar: Puma Energy opens $100m fuels terminal
Puma Energy Asia Sun, a joint venture between Puma Energy and Asia Sun Energy (ASE) celebrated the opening of its petroleum products terminal at Thilawa port, southeast of Yangon, Myanmar.
Two years ago Puma Energy signed the deal with ASE, a local company experienced in logistics and trading in Myanmar, to build a $92 million fuel facility.
This investment into the country’s largest and most modern 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 91,000m³, the Thilawa terminal is the 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.
“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.
Some of the site’s unique features include sophisticated fire-fighting systems, a robust emergency management plan and containment systems.
