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The 9Th Gulf Intelligence Energy Markets Forum 2019

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The 9Th Gulf Intelligence Energy Markets Forum 2019 The 9th Gulf Intelligence Energy Markets Forum 2019 Under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al-Sharqi Member of the Supreme Council and The Ruler of Fujairah, UAE September 30th & October 1st | Novotel | Fujairah IMO 2020 Megatrends & the Energy Transition? TankTerminals.com by INSIGHTS GLOBAL The 9th Gulf Intelligence The 9th Gulf Intelligence Energy Markets Forum 2019 Energy Markets Forum 2019 Held Under The Patronage of National Partner His Highness Sheikh Hamad Bin Mohammed Al-Sharqi Member of the Supreme Council and The Ruler of Fujairah, UAE Strategically located on the Eastern seaboard of the United Arab Emirates, approximately 70 nautical miles from the Straits of Hormuz, Fujairah is the Middle East’s leading energy hub location for oil trading, storage, and bunkering. Under the patronage, vision and support of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the Supreme Council and Ruler of Fujairah, Fujairah Oil Industrial Zone with its highly sophisticated yet flexible infrastructure hosts the Middle East’s largest commercial storage capacity for refined oil and crude oil products (currently 9.5mil/m³) operated by 13 international recognized terminal operators, trading facilities within the Fujairah Free Zone and the regions premier port infrastructure have been developed to assist Gulf and International NOCs, IOCs, Global Oil Traders and Service Companies expand their commercial footprint both locally and internationally. The Port of Fujairah in particular has grown exponentially, strategic investment in; infrastructure, facilities and comprehensive support services has enabled the port to keep abreast of the various trade and industry developments, market demands and establish the ports reputation as a globally renowned safe, efficient and progressive hub location. The Port of Fujairah is a “One Stop Shop” for the maritime industry, providing comprehensive services such as; bunkering, ship repairs, chandlering services, vessel inspections, crew changes and a complete medical clinic dedicated for seafarers. Within the confines of the port is Fujairah Oil Tanker Terminals (FOTT), the UAE’s premier hub location for Bunkering & Oil Trading activities, specifically designed to safely and efficiently handle the high volume of crude oil and refined products imported / exported by the 13 international recognized terminal storage companies which are directly connected to the port. The Port of Fujairah offers total flexibility to the terminals by providing them access to any of the berths within FOTT or direct transfer of products between terminals without chartering a vessel via two matrix manifolds. Fujairah Oil Tanker Terminals (FOTT) operates a total of 9 main berths, 14 wing berths & 2 dedicated barge berths, handling vessels ranging from 3,000dwt to 200,000dwt, a VLCC jetty was commissioned in September 2016 capable of handling both Fuel Oil and Crude Oil vessels from 87,000dwt to 330,000dwt. The most recent development within Fujairah have been; the full scale commercial deployment of the Blockchain distributed ledger technology, the first technology of its kind to be introduced by S&P Platts, this offers FOIZ and the terminal operators transparency through secure access to information, ease of use, and a full audit trail to collate weekly inventory oil products storage data. The deployment of this new technology coupled with advancements made in the Port of Fujairah, continued expansion of Fujairah Oil Industrial Zone (FOIZ) and the Free Zone will go a long way in establishing Fujairah as the next global oil benchmark. Also, the Port of Fujairah has recently signed a 35-year concession agreement with Abu Dhabi Ports granting Abu Dhabi Ports exclusivity to enhance existing infrastructure in addition to managing all Container, General Cargo, RoRo and Cruise Ships in the Port. The Port’s capacity is expected to reach 1 million TEUs and 700,000 tons of general cargo by 2030. 3 The 9th Gulf Intelligence The 9th Gulf Intelligence Energy Markets Forum 2019 Energy Markets Forum 2019 Forum Special Guest Forum Theme IMO 2020: Megatrends & the Energy Transition? The International Maritime Organization’s (IMO) ruling to In the age when National Oil Companies are transitioning reduce the sulfur cap for bunker fuel from 3.5% to 0.5% to National Energy Companies, alignment of the maritime applies from the 1 January 2020 – less than a year to go. sector towards the ongoing energy transition should come The more sulfur-constrained world of 2020 onwards will as no surprise. A rapidly growing global population and have huge implications along the value chain; high sulfur increasing demand for new energy sources has underscored fuel oil (HSFO) was used for approximately 70% of the one crucial fact: we must proactively work towards resource world’s bunker fuel in 2016. Unsurprisingly, a rise in low and energy transformation. Wind and solar now vie with sulfur fuel oil (LSFO) volumes is anticipated, as is the oil and natural gas to provide new electricity generating growth of LNG bunkering and scrubbers. Yet, the search capacity. Iceland, Paraguay, Norway, and Costa Rica, for for a united and affordable game plan to post-2020 example, are leading the way with nearly 100% of their H.E. Dr. Sultan Al Jaber bunkering keeps coming up short. The market appears energy coming from renewable sources. On the other end rudderless as the tick-tock of the clock gets louder. Amid of the spectrum, however, are countries such as China – Minister of State & Group CEO the vacuum of clarity, many stakeholders are betting the world’s largest emitter of C02. The barriers to a 100% against governments’ commitment to police and penalize renewable future are multifaceted, complex as they are Abu Dhabi National Oil Company those falling foul of the ruling. Many more are standing feasible, but the ongoing energy transition is a megatrend on the sidelines with their hands in their pockets, waiting that we simply cannot avoid – especially within the maritime for strong signals before they spend billions of US dollars sector. updating their infrastructure to meet compliance. When one considers that half of global fuel oil demand in 2017 Accelerating alignment across the value chain – from (3.8million b/d) arose from the marine sector and that refiners, traders, ports to ship-owners and more – lies at more than half of this fuel oil consumption has a sulfur the heart of making 2020 compliance a reality. The energy content between 1% - 3.5%, then full compliance of the stakeholders sitting in a pitch-black IMO 2020 waiting room, marine sector to IMO 2020 will have a dramatic impact with just the 3-month countdown on show, need guidance. across the industry, in particular for the refining sector. We can hear the energy transition knocking outside. Who is The scale of the issue is enormous. going to be the first to look for the light switch? 4 5 The 9th Gulf Intelligence The 9th Gulf Intelligence Energy Markets Forum 2019 Energy Markets Forum 2019 Confirmed Speakers Forum Structure 2019 BREAKFAST BRIEFINGS His Highness Sheikh Saleh Bin Ibrahim Al-Buainain H.E. Admiral Mohab Mohamed Roger Chia Kim Piow Mohammed Bin Hamad Al Sharqi President & CEO Hussein Mamish Founder & Chairman PLENARY SESSION - 09:00AM - 11:00AM Chairman of Department of Industry Saudi Aramco Trading Company Presidential Adviser on the Suez Canal Rotary Group of Companies & Economy, Fujairah Chairman of the Economic Zone Projects and Egyptian Keynote Speeches & Fireside Chat Board of Port of Fujairah Seaports, Former Chairman, Suez Canal Authority, Egypt Interactive Survey Datuk Md Arif Mahmood Thomas Waymel Sara Akbar Neil Atkinson Executive Vice President & President & CEO Chairperson & CEO Head, Oil Industry and Markets CEO Downstream TOTSA Total Oil Trading S.A OiLSERV, Kuwait Division (OIMD) PETRONAS International Energy Agency (IEA) International Leadership Panel Coffee & Networking Break Session B – Industry Roundtables - 11:30AM - 1:00PM Dave Ernsberger Sara Scaramelli Dr. Zhen Wang Mike Muller Global Head of Commodities Pricing Head of Bunkers Asia, Western Bulk Deputy Director-General Director of Oil Business Development S&P Global Platts Chartering Policy Research & Head of Trading CNPC Vitol Asia LUNCH SESSION C – PROFESSIONAL DEVELOPMENT SEMINARS - 2:00PM - 3:00PM Frank Wouters Cinar Deniz Kurra Lisa Ward Adi Imsirovic Director, EU-GCC Clean Energy CEO Co-Founder Head of Oil Technology Network & Former Catalyst, a Masdar & BP initiative Tanker Trackers Gazprom Marketing & Trading Deputy Director-General, International Renewable Energy Agency (IRENA) 6 7 The 9th Gulf Intelligence Energy Markets Forum 2019 2015 CRUDE OIL PRICE – $46 Key topic: Volatility in the new energy era – a slowdown in Asia’s growth, stabilizing oil prices in the Middle East and a fragile strand of geopolitics playing out in the Middle East and Europe. 2018 CRUDE OIL PRICE - $79 9 Years of Knowledge Exchange Nov. 2016 CRUDE OIL PRICE – $45 Key topic: How to Navigate the New Normal of Global Oil & Gas Trade Flows? Offers first view of Energy Markets after Summer... Fujairah Oil Industry Zone Appoints S&P Key Special Guests: The Annual Event for C-level executives engaged in the Trading, Storing, Global Platts to H.E. Mohammed Barkindo, Secretary General, OPEC, H.E. Distribute Fujairah Arjuna Ranatunga, Minister of Petroleum, Sri Lanka & Tan Beng Refining, Marketing and Shipping of energy to gather and exchange knowledge Weekly Oil Inventory Tee, Chief Executive Officer - Development,
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