Energy Supply Chain

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Energy Supply Chain

Admin | 17 June, 2019

What is the energy supply chain?

What is Energy Supply Chain?

Energy Supply Chain is the inter-connected network of companies supporting both conventional / renewable Energy Producers and Utilities, that ultimately supply Energy Products or Services to End Users.

The network of Energy Service Provider companies can range from Design Consultants, Manpower agencies, Vendor Manufacturer / suppliers (Principal + Local Agencies), Inspection Services, Subcontractors, Fabricators and Contractors, Transportation Lifting and Installation, to the Operation and Maintenance, and finally to Abandonment of End-of-Life facilities. In addition to Energy Service Providers, there are also Traders of Energy Products, and the distribution and sales of Energy Products to End Users.



Why Energy Supply Chain is so important?

Traditionally, Energy Utilities and Energy Consumers have relied solely on conventional energy sources as it was technologically more advanced and economical compared to renewable fuel. However, with advancement of technology and End User Industries becoming more aware of impact that fuels have on the climate, they are relooking into mix of Energy fuel sources that are less carbon intensive to combat climate change. In addition, Banks and Insurers that finance and cover Company operations are also pushing for greener solutions, hence this has driven Companies to transition into new greener technologies to meet this challenge.



With the constant changes in technology that serve respective Energy Sectors, Energy Producers have to keep up to date with latest Company offerings within Energy Supply Chain, that play a key role in contributing to Energy Sustainability.

Secondly, the Energy Supply Chain dynamics is constantly facing changes and disruptions from, supply and demand of Energy Products, to supply of labour and materials, to change in government policies and geopolitical events that impact on trade / logistical routes. With that, all Energy Professionals should stay in touch with Procurement / Subcontract sourcing across all categories of Energy Supply Chain, with consideration of larger pools of Energy Service Providers, at different Country of origin closer to Project location.

Reference:




Energy Sectors

Various sectors within Energy Supply Chain

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