The theme of Day 2 focused on the corporate and individual responsibility facing the industry and the investment by nation states & corporate stakeholders in the necessary educational institutions & training to enable next generation management to meet the level of responsibility required.

ConocoPhillips criticises US energy policy towards Middle Eastern producers and its own corporate investors while the analysts predict local short-term price falls resulting from excessive storage levels combined with a mild climate for the time of year. However, delayed liberalisation of the European market gives rise to grave concerns over the next five years and concludes that demand will force a regional imbalance of supply & demand and inevitably a higher regional price. Unsurprisingly therefore, the demands from the conference and exhibition floor included a regulated global price for gas, as well as responsible approaches and standards relating to exploration & distribution.