The CEO of HELLENiQ ENERGY, Andreas Siamisiis, held a series of meetings with top executives from the global energy market in the United Arab Emirates, where he participated in the annual Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). Siamisiis took part in two separate conference panels alongside senior leaders from the world’s largest petroleum trading companies and energy technology firms. Discussions centered on the turbulence shaking global energy markets, the emerging challenges, and the new opportunities being created.
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Siamisiis: Market disruptions are the new normal in the energy sector
The CEO of HELLENiQ ENERGY made the following key points:
– Disruptions are the new normal. Over the past few years, we have had to manage the fallout from the financial crisis, then came the pandemic, followed by the Russia-Ukraine war, and most recently the crisis in the Persian Gulf.
– Disruptions carry risks, but they also create opportunities. Companies need to build flexibility into their systems — leveraging resources, infrastructure, supply chains, and markets — and then position themselves appropriately to capitalize on the opportunities that arise.
– There needs to be a balance between growth strategy and risk management, as well as the ability to make quick decisions and act swiftly.
– At HELLENiQ ENERGY, the implementation of our transformation plan has fundamentally changed our business model. We fortified our system against the crisis in a timely manner, through supply source diversification and adequate reserves, while we operate 3 coastal refineries in the Mediterranean — a true crossroads of energy routes.
– At the EU level, the “green agenda” dominated the conversation in previous years — a strategy that could be described as somewhat one-sided. This contributed to underinvestment in the refining sector.
– We are now seeing a shift in this approach, though I am not certain whether it will be sustained.
– Energy needs are constantly growing, and we must not overlook the fact that more than 50% of the planet’s energy needs are met by hydrocarbons.
– We need to advance the energy transition, but we cannot completely eliminate hydrocarbons from the equation. Solutions must be realistic.
– When it comes to the energy transition, there is no single “magic solution,” no one technology we can rely on. A combination of technologies is required.
– Ambitions must keep pace with technological capabilities. We need all available sources in our energy mix.
ADIPEC 2025: The world’s largest international energy industry event
ADIPEC is one of the most significant international events in the energy sector, bringing together leading energy companies, government representatives, investors, and technology experts. It covers the entire spectrum of the energy industry, from oil and natural gas to new technologies and the energy transition. Held with the support of Abu Dhabi’s state oil company ADNOC, it serves as a vital forum for dialogue on the future of energy.
ADIPEC 2025, taking place from November 2 to 5 in Abu Dhabi, is attended by more than 40 energy ministers and top CEOs from the world’s largest energy corporations. The event represents over 172 countries with more than 2,250 companies participating, while visitors are expected to exceed 240,000 — making it the single largest energy industry gathering in the world.
