09:16 | 05/05/2014 Industry
(VEN) - On April 25, in Singapore, Puma Energy, a global integrated midstream and downstream energy company, officially introduced its White Paper 2014 under the theme “The changing face of Asia Pacific”. This is the third study of Puma Energy among a series of reports made by the company in cooperation with independent economic consultants from Llewellyn Consulting.
This report centers on the prospects for the Asia Pacific region which is home to 50 percent of the world’s population and for several decades has been the most dynamic component of the global economy. It focuses on the region’s sources of future growth, its potential and the various challenges it faces, including meeting substantive infrastructure and energy supply needs. Asia Pacific produces around 30 percent of the world’s gross domestic product (GDP) and accounts for around 40 percent of the global energy demand. Over the next 20 years, the region’s demand for energy is forecast to increase dramatically by about 50 percent.
In 2012, Puma Energy announced the complete purchase of Chevron Kuo Pte, a Singaporean company owning 70 percent of the stock of Chevron Bitumen Vietnam Limited - CBVL. This acquisition marked an important step forward in the development process of Puma Energy as well as its first presence in Asia after achieving rapid growth in Africa and America.
"Our recent acquisitions in Australia, Indonesia and Vietnam have given us a strong foothold in some of the fastest-growing markets where our proven ability to support infrastructure and industry growth give us a competitive edge,” said Robert Jones, Puma Energy’s Chief Operating Officer for Asia Pacific and the Middle East./.
Nguyen Tien Dung