Energy - Parami Energy Group of Companies

Parami Energy is an innovative leader in Myanmar’s expanding energy sector. Over 15+ years, we have built a diversified energy group, active in developing Myanmar’s oil and gas resources and in supplying our fast-developing nation with safe, reliable and affordable energy.

How we operate is as important as what we do. We value and are committed to following international best practices, to be a responsible corporate citizen, and to improving the lives of the people and communities where we operate. We were recognized as a Global Growth Company at the World Economic Forum, and as a top ten Responsible and Transparent Company from the Myanmar Center for Responsible Business.

Our key energy business is split in two. We are active in onshore and offshore exploration and production of oil and gas. We are also active in power-related projects that contribute to the government’s ambitious plan to bring electricity to the whole of Myanmar by 2030. We aim to be the catalyst to help Myanmar become energy self-sufficient.

POWER GENERATION

Parami Energy is engaged with several international partners in exploring novel and unique concepts to build and expand Myanmar’s energy infrastructure. One key initiative involves the provision of safe, reliable, and affordable energy to local communities via mini-grid systems utilizing conventional and unconventional power generation technologies. Such schemes, which are very much aligned with the Government’s energy objectives and priorities, act as a catalyst in attracting foreign direct investment and boosting the economy.

LPG IMPORT & DISTRIBUTION

In late 2017, Parami Energy was awarded a Category A license to manage and operate the state-owned LPG Import Terminal in Thanlyin, Yangon Region. Following extensive terminal upgrade work, LPG imports via the marine jetty commenced in February 2018 and have continued on a regular basis. Parami Energy is currently investing heavily in LPG marketing as well as downstream distribution infrastructure via state-of-the-art systems and equipment. The goal is to supply a much cleaner and more efficient cooking fuel which promises to make a positive impact on the greater population of Myanmar in terms of reduced cost and considerably enhanced health benefits compared to traditional charcoal and firewood fuels.

UPSTREAM OIL & GAS

Parami Energy currently operates one onshore block, PSC-I, in partnership with Jubilant Energy, and is a shareholder in one unitized offshore block, AD-3 and A5 (subject to Government approval) together with Chevron and Ophir Energy. Parami Energy promotes a policy of full compliance and transparency when exploring and developing potential oil & gas reserves in the country. The organization is also engaged in production optimization initiatives in conjunction with international service companies in a bid to realize significant gains in legacy onshore oil fields.