CREDITS INDUSTRY NEWS Publisher McLean Events, Conferences and Media Ltd. Suite 4 Maple Place Bedford MK41 9BB United Kingdom Tel +44 1234 954201 www.erpecnewslive.com Production The Lion Press 19 Market Square Sandy SG19 1EH United Kingdom Chief Editor Nick Needs McLean Events, Conferences and Media Ltd. firstname.lastname@example.org Tel +44 7786 607075 Art Director Sian Davies McLean Events, Conferences and Media Ltd. email@example.com Tel +44 7960 857447 Project Manager Sandra Stroppel McLean Events, Conferences and Media Ltd. firstname.lastname@example.org Tel +44 1234 954201 Advertising Enquiries Advertising will be accepted in each issue on a limited basis. For advertising rates and feature information, please refer to www.erpecnewslive.com. For advertising enquiries, please contact: Commercial Director Stephen Bozdan McLean Events, Conferences and Media Ltd. email@example.com Tel +36 21 252 3268 erpecnews is published monthly by McLean Events, Conferences and Media Ltd. and distributed to retail petroleum operations in Europe, Asia, South America, Africa and the Middle East. McLean Events, Conferences and Media Ltd. is the organiser of erpec, the leading business forum, held every two years, for Europe’s retail petroleum market. Copyright The views expressed in print are those of the author and do not necessarily represent those of the publisher, McLean Events, Conferences and Media Ltd. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by means electronic, mechanical, photocopying, recorded or otherwise without the prior permission of the copyright holder. www.erpecnewslive.com McLean Events Shell sees no glut of LNG, even as demand rises Royal Dutch Shell PLC said this month that there is no evidence of a glut in liquefied natural gas supply, taking a contrarian view on a market in which the Anglo-Dutch energy giant is one of the largest operators. In its new LNG outlook, Shell said demand for the super-cooled natural gas kept pace with a strong increase in supply last year, dismissing concerns that a wave of giant projects coming into production is swamping the market. “There’s been a perception and quite a few headlines of the LNG market being oversupplied,” said Maarten Wetselaar, Shell’s head of integrated gas. “In 2016 we didn’t find any proof of that.” Global fuel station equipment market to grow by up to 6% Technavio, a leading technology research and advisory company with a global coverage, has produced market research indicating that the global retail fuel station equipment market will grow at a CAGR of close to 6% during the forecast period. The market study covers the present scenario and growth prospects of the global fuel retailing station equipment market for 2017-2021. The report presents a comprehensive analysis of the top vendors in the market along with a forecast of the emerging trends and drivers, which are likely to impact the market during the forecast period. Technavio’s analysts highlight the following three market drivers that are contributing to the growth of the global gas station equipment market: - Increased number of retail fuel stations - Increased inbound and outbound tourism - Increased transportation Increasing disposable income in various regions is encouraging the sale of cars, trucks, and other vehicles globally. In 2015, in Asia, the sales of new vehicles increased by 21%. In China, the sales volume of new vehicles increased by 32%. This has increased the number of fuel stations globally. Moreover, with increased focus on environment preservation and green technology, the demand for alternative fuels like compressed natural gas (CNG), hydrogen, and others has also increased. Hence, the number of gas stations with alternate fuel dispensing machines is increasing globally, which emerges as a positive development for the fuel station equipment market.There has been a significant growth in the global travel and tourism industry. Increased disposable income and easy accessibility to information on various places, hotels, flights, trains, and bus bookings through the internet are enabling many middle-class people to explore new tourist destinations. This has increased the competition among travel agents worldwide, which, in turn, reduced the price of tour and travel packages. Increased tourism has also escalated the demand for transportation services globally. This has ultimately impacted the demand for fuel and fuel stations. The global logistics market is expected to grow at a rapid pace during the forecast period. The growth is mainly driven by the increase in import and export activities. Companies in major countries like the US, the UK, Germany, and China are outsourcing manufacturing to countries where lower costs are incurred. These countries have also recorded an increase in domestic consumption. The resurgence of the global economy has resulted in increased trade volumes between countries. The growing number of imports and exports between nations has lowered trade barriers because of the relaxation of government trade policies. BP GRABS SECOND PLACE IN FTSE 100 SOCIAL MEDIA REPORT BP has finished second in the FTSE 100 social media user report, losing out to Diageo. FTI Consulting’s annual report on FTSE 100 companies’ use of social media has found that while firms are achieving increased engagement on posts about their financial results, there are still plenty of laggards. The fifth Social Divide index from the company’s strategic communications division has named Diageo the company making best use of social media around full- or half-year results time, overtaking BP, which was the top dog in both 2016 and 2015. FTI analysed results-related content across the four platforms, and based rankings for each of the 69 firms that did use social media on the basis of quality of posts, and engagement achieved. BP slipped to second in FTI’s rankings, with Diageo climbing from 13th to top spot. The top four was completed by GSK and Tesco. The study also highlighted Shell as the top company for YouTube use. 2 erpecnews is published by McLean Events, Conferences and Media Ltd.
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