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A Word From GPLN:                                            Issue 73 / February 2020

The mood during the recent Breakbulk Middle East conference and exhibition and in Dubai was upbeat despite the coronavirus limiting the number of visitors attending this event which was also caused to the fact that all flights from Iran, Kuwait and Bahrain were cancelled on short notice. The region’s project logistics market is dynamic and diverse and there are plenty of opportunities emerging from the renewable energy and construction sectors, besides the traditional oil and gas projects in the Gulf Cooperation Council (GCC) states. A new gas discovery in the UAE, estimated to be holding about 80 tn cu ft of gas, is shaping up to be one of the world’s biggest gas finds since the Galkynysh field in Turkmenistan in 2005. The discovery in Jebel Ali, operated by Abu Dhabi National Oil Company (ADNOC), could have far-reaching ramifications for the country, but while the initial find has generated excitement in the market, it is too early to make assumptions about the size of the total volumes. However even one-tenth of the preliminary estimate would still be enough to enable the UAE to become energy independent by 2030. At the same time, the UAE is boosting power generation from renewable energy sources and is expected to start generating power from a nuclear reactor this year.

In the meantime, the Breakbulk Asia conference and exhibition, originally scheduled for March 18-19 in Shanghai, has been rescheduled to August 3-4, 2020, as a result of the coronavirus outbreak. However, the biggest industry related event in the world, Breakbulk Europe conference and exhibition with over 11,000 industry professionals and key decision makers is still scheduled to go ahead from May 26-28 in Bremen, Germany. At the time of writing we are also planning to conduct our AGM in Casablanca, Morocco from May 31 to June 2, 2020, just after the Breakbulk event. We are in close contact with our agents, suppliers and health authorities in Morocco to stay up to date with the latest developments as the safety and health of our attendees has first priority.

Kind regards,

Your GPLN Team

 

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