Aviation business in Myanmar
Historic partnership agreed with Myanmar’s state-owned jet fuel distributor.
New aviation business launched
Puma Energy’s aviation business in Myanmar, launched in July 2015, is a partnership with Myanma Petroleum Products Enterprise (MPPE). As sole distributor of jet fuel in the country, MPPE provides more than 100,000m³ of fuel at 11 airports. Following a public tender, they chose Puma Energy to partner with them, initially to distribute jet fuel at Yangon International Airport. We will begin servicing the remaining airports in Myanmar during 2016. The partnership serves around 22 international airlines, 10 domestic airlines, four charter service groups and six fuel agents in Myanmar.
Business and tourism fuelling growth
The scope of the deal is set to expand as MPPE has already stated that “arrangements will be made to jointly carry out import and distribution of aviation fuel at the remaining airports in the country under the joint-venture agreement”. Demand for aviation fuel is growing from new airports and, in particular from Myanmar’s three international airports in Yangon, Mandalay and Naypyitaw. Recent reforms after nearly half a century of isolation under military rule have seen a surge in business travel and a boom in Myanmar’s tourist trade, with around five million visitors in 2015, up from just one million in 2012.
Modern terminal at Thilawa Port
The aviation business will also benefit from the modern terminal and loading jetty we opened at the end of 2015 at Thilawa Port. Following a public tender process we won in 2013, Puma Energy became the first foreign company to be granted permission to develop oil storage facilities in Myanmar. With a storage capacity of 90,000m³, Thilawa is the largest refined product import terminal in the country, able to handle Medium Range tankers with a capacity of up to 50,000 deadweight metric tons.
Infrastructure improvements will help the new aviation business to deliver as Myanmar’s economy grows.