Working Agenda Amsterdam The Netherlands January 22 23, 2015 8 th Annual European Oil Storage Conference Maximising your value in the storage business Returning for an 8 th successful year, Platts Annual European Oil Storage conference continues its long standing tradition of providing market participants with a comprehensive overview of the market and its trends along with highlighting the business challenges and opportunities. Join the world's leading terminal owners, ports, oil traders, financiers and market analysts as they come together to debate the latest business strategies and opportunities in the storage market. This event will provide an excellent opportunity to meet with the European oil storage community, and network with your customers and peers. WHY ATTEND? Hear from Greenergy, Vopak and VTTI on the outlook for the European storage market Identify the business benefits of partnerships and investments in new storage facilities Examine the changing role of European ports and their impact on the oil storage market Assess the shifting global oil, product balances and flows and its impact on the oil storage industry Discover the innovations and strategies that are driving the European Storage market forward
8 th annual European Oil Storage Maximising your value in the storage business January 22 23, 2015 Hilton Amsterdam, The Netherlands www.platts.com/europeanoilstorage DAY ONE THURSDAY, 22 JANUARY 2015 08:00 Registration and continental breakfast available to sponsor 09:00 Chairperson s welcoming remarks Niels von Hombracht, Consultant and Former Chief Executive Officer, LBC and former Executive Board Member, Royal Vopak 09:10 WELCOME ADDRESS Evolving oil market trends: a trader refiner perspective Key oil market risks for the short/medium term European refining: arbitraging for survival Changing trade flows and market structure David Fyfe, Head of Market Research & Analysis, Gunvor Group European oil storage markets outlook from those at the forefront leaders discuss A series of sessions designed to showcase a variety of perspectives from key players in the oil storage industry discuss their current strategies and the challenges they face within and from outside of Europe. 09:35 Greenergy 10:00 Vopak 10:25 VTTI Andrew Owens MBE, Chief Executive, Greenergy Hari Dattatreya, Global Oil Director, Vopak Didier de Beaumont, Commercial Manager, VTTI 2
10:50 Leaders debate Maximizing long term success in Oil Storage? Discussing opportunities for the European Storage industry Examining the key drivers impacting storage demand Andrew Owens MBE, Chief Executive, Greenergy Hari Dattatreya, Global Oil Director, Vopak Didier de Beaumont, Commercial Manager, VTTI Moderated by: Niels von Hombracht, Consultant and Former Chief Executive Officer, LBC and former Executive Board Member, Royal Vopak 11:10 Networking and refreshment break available to sponsor Shifting global oil, product balances and flows and its impact on the oil storage industry This section will focus on the global trends in the demand and distribution to give a better understanding of the ever changing flows in and out of Europe 11:40 The outlook for oil demand in a rapidly changing world Assessing the recent history of oil demand, and how it has changed in the wake of rapidly expanding emerging market economic growth and higher prices An analysis of the short term obstacles; changing bunker fuel specifications and reduced power sector oil needs The degree to which ongoing efficiency gains will act as a brake on global momentum Outlining the risks in the wake of the unusually heightened sense of geopolitical uncertainty Matt Parry, Senior Oil Analyst, IEA 12:05 Understanding U.S. shale growth and its new found dominance on world markets Will the U.S lift the export ban on crude oil? Will the U.S continue flooding the European market with ULSD? John Kingston, Global News Director, Platts 12:30 Examining recent developments in the Middle East Overview of the Middle East Asian trade balance Just how much capacity is coming online? Export potential is quality an issue? Mark Lewis, Managing Director, FGE London (EMC) 12:55 Networking lunch available to sponsor 3
European storage hub growth and development Examining the changing role of European ports and their impact on the oil storage market What should your strategy be and where should you be located? 14:20 Rotterdam Developments as an LNG trading hub Rotterdam LNG hub: from import to (re)export Update on LNG usage, infrastructure, legislation, subsidies and strategic alliances Sander Rijsdijk, Business Manager Tank Storage & LNG, Port of Rotterdam Investing in oil storage facilities to drive profits and efficiency This section will focus on the latest strategies from some of the largest and most innovative terminal owners globally. It will include case studies and strategic updates covering their latest investments, and future visions for best terminal locations. 14:45 Investments in bulk liquid storage terminals How do infrastructure funds look at investments in storage terminals EQT's experience and strategy in the sector Andreas Huber, Partner, EQT Partners 15:10 Automation and operation centralization in an integrated transportation storage network Overview of CLH infrastructure & services CLH integrated transportation Storage operation model Operational improvements and automation o Terminals control center integration o Automation of terminal and pipeline operation o Other improvements to eliminate operational barriers and increase service flexibility Adrien Souchet, Strategy and Business Development Senior Analyst, CLH 15:35 Networking and refreshment break available to sponsor 4
16:05 Benefits of partnerships between strategic and financial investors Case study of First Reserve Petrofac Joint Venture FPSO sector providing integrated oil storage solutions as part of the value chain Access to equity funding for new and existing projects Partnering models Eduard Ruijs, Director, First Reserve Maximizing value in European oil storage 16:30 Growing your business in a backwardated market Keys to running an efficient terminal Predictions for the coming year 16:55 Operational efficiency new methods of plant automation TBC 17:20 Demurrage the hidden cost Storage agreements unlikely to reimburse users for delays to ships and barges What could be causes of delays? Can they be attributed to Storage providers? o Poor infrastructure low capacity pumps, small pipeline slow loading o Number/size of jetties o Communication/planning Wilful intent or gross negligence the only route for recovery of costs under VOTOB what does this mean? Track demurrage costs to use in storage negotiations cheapest storage rates may not be the most cost effective overall Phil Stalley, Marketing Director, HubSE Demurrage Software 17:45 Networking reception Join us immediately after the conference for drinks and canapés in the exhibition area 5
8 th annual European Oil Storage Maximising value in the storage business January 22 23, 2015 Hilton Amsterdam, The Netherlands www.platts.com/europeanoilstorage DAY TWO FRIDAY 23 JANUARY 2015 08:00 Registration and continental breakfast available to sponsor 09:00 Chairperson s welcoming remarks and review of day one Niels von Hombracht, Consultant and Former Chief Executive Officer, LBC and Executive Board Member, Royal Vopak 09:10 Keynote address Commercial drivers for new storage capacity: changing trading flows, refinery economics and strategic investments Virginia Markouizou, Head of Supply and Trading, RPS Energy 09:35 Oil Storage Business Customer Perspective Oil Storage business evolution New challenges Customer Value Chain Common Value Chain Conclusion Vladimir Belkovsky, Managing Director, Cophaspec Trading Driving innovation and exploring new strategies for European storage 10:00 Performance improvement strategies achieving terminal efficiency through technology Optimizing terminal design Balancing costs whilst acknowledging the voice of the customer Martin Keulemans, Director, Brainum 10:25 Networking and refreshment break available to sponsor 6
10:55 Tank Terminal standards and compliance for atmospheric storage tanks An overview of key relevant standards and compliance requirements Ensuring compliance with tank construction, safety and emissions standards and guidelines What new tank performance standards are important Future developments for hydrocarbon storage tanks Gert van Meijeren, Managing Director, CTS Tanks Netherlands Boosting health and safety and terminal development 11:20 Preparing for the Seveso III Directive What is to be changed and why? Arthur Van Rossem, Solicitor, Legaltree 11:45 Degasification session Evaluation of cleaning alternatives Scenarios & results 12:10 Chairperson s closing remarks and end of conference Niels von Hombracht, Consultant and Former Chief Executive Officer, LBC and Executive Board Member, Royal Vopak 12:20 End of conference 7