Myanmar is estimated to have a population of around 60 million people and this is expected to grow to a population of around 72 million at the end of 2030.
It is likely that Myanmar will have rapid economic growth (8 percent per annum) driven in the seven key sectors of its economy (Manufacturing, Agriculture, Infrastructure, Energy/Mining, Tourism, Financial Services, and Telecom). Increasing these sectors could more than quadruple the economy size from $45 billion in 2010 to over $200 billion in 2030.
Myanmar stands in 46th place in the world in terms of the proven gas reserves, and due to the estimated number of undiscovered gas reserves, Myanmar could rank much higher in the future.
P.E.S. Myanmar Company Limited
Unit 04-01, 04-02 & 04-06
Union Business Center (UBC), Nat Mauk Rd
Bo Cho Quarter, Bahan Township
Key market statistics:
- Terminals: 1
- Storage capacity: 91,000
In 2015, Puma Energy opened a new state-of-the-art petroleum products storage facility in Thilawa for bitumen, diesel, gasoline, fuel oil, Jet A-1 and LPG, with a total capacity of 182,000 m3.
The entire facility is designed around American Petroleum Institute (API) standards as well as other international specifications. The facility is currently the largest refined product import terminal in Myanmar, with the capability to receive product from MR-sized (50,000 dead weight metric ton) vessels. Puma Energy is the first foreign company granted permission to develop oil storage facilities in Myanmar.
Our Aviation Business
In 2015, Puma Energy started its aviation operations in Myanmar, as a joint venture with the Myanmar Petroleum Products Enterprise, serving around 22 international airlines, 10 domestic airlines, four charter service groups and six fuel agents in Myanmar.
The Group recently started operations at 11 additional airports in Myanmar.
Outside our office door
Just outside Puma Energy’s office door in Yangon is the Kandawgyi Lake. The lake is surrounded by 110 acres of parkland, including a zoo, an aquarium and an amusement park. Myanmar’s other big draw is the 2,500 year old Shwedagon Pagoda, a sacred and Buddhist site located to the north of central Yangon but visible from almost anywhere in the city.