Energy markets, with a marked global nature, combine multiple geopolitical, technological, economic, environmental and regulatory issues that pose numerous management challenges to the governments responsible for issuing policy on energy, and especially to companies operating in these markets. These companies operate in complex environments with many uncertainties that require high adaptability, flexibility and strategic vision.
This document provides a brief overview of the situation with the main energy markets: oil, gas and electricity. It then discusses some of the levers that may enable management at energy companies to take advantage of the opportunities offered by the current situation as well as to mitigate any negative effects arising from it. Some of these levers include: operational planning and budgeting, financial management and planning, proactive risk management and control, as well as cost management and commercial and operational efficiency.
These areas of management, applicable to the industry as a whole, have developed in a particular way for activities related to natural gas to the extent that they involve relevant specific features:
Technology management becomes even more critical in this process involving transformation and a search for efficiency through automation and the capturing of synergies in business and support processes.
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© GMS Management Solutions, S.L., 2020. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.