Parami Energy Group
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Native name | ပါရမီ စြမ္းအင္ ကုမၸဏီ |
|---|---|
| Company type | Privately held company |
| Industry |
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| Founded | 2004 |
| Founder | Ken Tun |
| Headquarters | , |
Key people | Ken Tun |
| Website | www |
Parami Energy Group of Companies is a Myanmar-based energy conglomerate active in solar powered electricity generation,[1] Liquefied petroleum gas (LPG) import and distribution,[2] and oil & gas exploration and development.[3]
History
[edit]Parami Energy Group of Companies was founded in 2004 by Ken Tun as an engineering service provider.[4] In 2009, Parami partnered India's Punj Lloyd Group[5] in the construction of the landmark 40" x 205 km pipeline connecting the offshore Shwe natural gas field to China, a project that commissioned for operation in July 2013.[6]
In 2012, Parami secured a license to explore and develop Myanmar’s PSC-I onshore oil and gas block with India’s Jubilant Energy.[7] In 2014, it was awarded a license to explore and develop two offshore oil and gas blocks, AD-3 and A5,[8] as minority shareholder with UK-based Ophir Energy and US-based Chevron.
In March 2017, Parami was selected by the Union Ministry of Agriculture, Livestock and Irrigation as the private sector developer and operator of solar-powered electrification projects in rural Magway and Mandalay regions as part of the Myanmar government's National Electrification Program supported by the World Bank.[9]
In September 2017, Parami was awarded a contract by the Union Ministry of Electricity and Energy to operate a state-owned LPG import facility.[10]
Operations
[edit]The company currently operates two projects. Under its Parami Gas brand, it markets and distributes LPG to commercial and residential customers across Myanmar. Secondly, it operates two solar power projects on Yesagyo Island and in Gyaint Gyi township of Magway and Mandalay regions respectively.
Parami Gas: Overview of the LPG Company in Myanmar
Parami Gas Distribution Public Co. Ltd. is a notable company in Myanmar's LPG market. The company was founded in March 2019 and focuses on providing safety, quality, and customer service in the residential LPG sector. Parami Gas aims to expand its offerings to commercial and industrial sectors. Through its product offerings, services, and community initiatives, Parami Gas has carved out a significant share in Myanmar's LPG market.
Product Offerings
Parami Gas provides LPG cylinders in two sizes for residential customers (12.5 kg and 5.0 kg) and two sizes for the commercial market (20 kg and 48 kg). The cylinders are manufactured by AHAMITR PRESSURE CONTAINER PLC (SMPC) of Thailand, a leading manufacturer of gas cylinders. This collaboration ensures that the cylinders meet international safety standards and offer a reliable, high-quality product to customers in Myanmar.
A distinctive feature of Parami Gas cylinders is the POL valve system, which ensures better quality and quantity control and improved safety during the filling process. In contrast to competitors using manual valve systems, Parami Gas cylinders can only be filled at approved filling stations using a special filling head for POL valves. This process guarantees that customers receive high-quality gas filled safely and accurately.
Service and Convenience
Parami Gas offers a streamlined cylinder ordering and refilling process. The company's hotline number, 8484, is easy to remember and has a positive connotation in the Myanmar language, translating to "darling darling." Customers can call the hotline to order new cylinders or request refills. Parami Gas delivers fully-filled cylinders to customers' locations and replaces empty cylinders on-site, providing a more convenient and efficient experience compared to traditional gas shops.
Market Landscape and Competition
Myanmar's LPG market is experiencing rapid growth due to increasing urbanization, a growing middle class, and an unreliable electricity grid. The market is fragmented, with local players such as Awra, Elite, and MLPG Group dominating the market. Parami Gas has differentiated itself from competitors by offering a more convenient and superior service. The four-digit hotline number, 8484, makes it easy for customers to request new sets or refills, and on-site cylinder replacement streamlines the process and provides a better customer experience.
Future Expansion and Growth
Parami Gas is set to be listed on the Yangon Stock Exchange in May 2023, which will provide easier access to capital for expansion and acquisition of planned value chain infrastructures. Parami Gas plans to develop value chain infrastructures, such as LPG terminals, storage tanks, and filling stations, to increase market share and capture more customers. The company aims to build filling stations within six months, starting in major cities like Yangon, Mandalay, and Irrawaddy. They are also in talks with an LPG terminal developer to acquire an under-construction terminal for $15 million, with an expected operational timeline of one year after finalizing the negotiation. The company aims to capture 15% of the market share in the commercial segment.
Community Initiatives
Parami Gas has partnered with the World LPG Association (WLPGA) to launch two Community Kitchens in Myanmar, one in Ho Pong, Southern Shan State, and the other in Legai, Magway Region. These initiatives provide clean LPG cooking facilities for underprivileged communities, reducing deaths from indoor pollution and improving living conditions. [11]
References
[edit]- ^ "Parami brings Solar-powered electricity to remote Yesagyo Island community". Myanmar Times. 30 December 2019.
- ^ "Parami Energy to distribute LPG under its own brand". Myanmar Times. 11 September 2018.
- ^ "India and Myanmar ink pact on petroleum exploration in latter". The Economic Times. 28 May 2012.
- ^ "Electric dream — Ken Tun". China Daily. 19 June 2018.
- ^ "Parami is local partner to Punj Lloyd in construction of Myanmar-China Pipeline". Parami Energy Group. 6 June 2011.
- ^ "Myanmar-China Oil & Gas Pipeline Project". Punj Lloyd Group. 26 July 2013.
- ^ "Jubilant and Parami win exploration block in Myanmar". Hydrocarbons Technology. 29 May 2012.
- ^ "Upstream Oil & Gas". Parami Energy Group. 26 December 2014.
- ^ "Parami builds Solar mini-grids in Magway Region". Myanmar Times. 29 August 2018.
- ^ "Myanmar looks to import LPG to meet rising energy demand". Borneo Post. 1 July 2018.
- ^ Parami Gas official website: https://www.paramigas.com/ AHAMITR PRESSURE CONTAINER PLC official website: https://www.smpcplc.com/ Myanmar Times article on Parami Gas listing on Yangon Stock Exchange: https://www.mmtimes.com/news/parami-gas-list-ysx.html World LPG Association (WLPGA) official website: https://www.wlpga.org/ WLPGA Cooking For Life campaign: https://www.wlpga.org/cooking-for-life/ BPN (Butane-Propane News) article on Parami Gas Community Kitchen: https://www.bpnews.com/index.php/publications/magazine/archive/12308-parami-energy-launches-community-kitchen-in-myanmar Myanmar Business Today article on Paraami