Latest figures from the American Petroleum Institute highlight that the oil and gas industry is expected to create 1.9 million new roles by 2035.
It is also predicted that the industry will lose a significant portion of the expertise accumulated in the current cohort of experienced professionals, due to an ageing workforce and retirement. Many of the world’s major energy companies have expressed concern at being able to fill new vacancies, due to a lack of engagement with the new generation of workers.
The Young Gastech programme, an integral part of the 2017 Gastech Exhibition & Conference, will take place in Tokyo on 5 April 2017. Overseen by senior executives from industry heavyweights including Shell, Total, Chiyoda and JAPEX, Young Gastech will be attended by 100 young professionals and technology graduates, and aims to address the growing need to engage a new generation of LNG professionals to support the future growth of the industry.
The ageing workforce, and its accumulated expertise, has helped drive the growth of the sector over the decades. However, it does raise new talent management issues for employers. The younger generation is drawn to jobs within competing sectors, and the energy industry is left relying on a knowledgeable, but ageing workforce. To bridge the gap, the gas and LNG industry needs to appeal to students and young professionals, and position the industry as a desirable career option.
According to a recent article on the industries attempts to combat workforce challenges, millennials and the so-called ‘Generation Z’ seek different things when looking for an employer. “The value proposition for this group of potential employees has to include technology, flexible working options and green energy.”
The Young Gastech programme has identified this need to engage with students and graduates considering a career in the gas industry, and individuals that are studying in disciplines that lend themselves to the gas and LNG sector. The programme aims to provide support to those who find themselves at the start of their careers. The event will offer the opportunity for young people to network and engage in an interactive roundtable, and under the guidance of industry experts.