Saturday, 25 October 2014

Gas Production & Operations - Supply chain in focus as conference day two begins

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Delegates at the Middle East Conference 2011 in Dubai.

Gas production and operations are on the agenda this morning as day two of the Middle East Industrial Gases Conference gets underway.

After an evening under the stars on Jumeirah Beach for the Gala Dinner, sponsored by Gulf Cryo, over 200 delegates have emerged refreshed for another day of discussion and debate.

Chaired by Air Liquide’s Fouad Haddad, Session 3 of the conference was opened by Richard Goldstein of UK-based Taylor Minster Leasing (TML) as he discussed Bulk Gas Transport – A Leasing Company’s Perspective.

Describing the benefits of leasing tank equipment for a company’s operations, Goldstein explained, “Why should we lease at all? It’s well worth checking your company’s internal systems and fleet management are in shape, you’ll be surprised by how many companies waste money by having equipment laying around idle when it could be put to good use.”

“In today’s times of minimal capital availability and constraints on capital expenditure, leasing can be a god-send. There are many more advantages to operational leasing rather than buying outright that are well worth considering.”

“It’s important to keep flexible and open-minded. When it’s busy, additional equipment can be added, and when it’s quiet that equipment can be returned. Is it expensive? While accepting that the supplier will always keep the asset, costs can be cheaper than lending from the bank.”

Presentations will follow throughout the day from Hank Grieco (Helixso), Michael Blondin (VRV), Frank Finger & Fouad Haddad (MEGA) and Jean-Luc Labat (Air Liquide), while the afternoon will also see the debut of an engaging new feature for gasworld conferences – the Executive Panel Session.

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