Network Initiative of the Year
This category celebrates excellence in a network business where an initiative delivers outstanding results. This could be a success story about anything whether it is innovative asset management, engineering, IT system development, project management, a new energy initiative or customer focus.
Sponsored by
Liquigas
$35.5 million saved through innovation
finalist
Network Initiative of the Year
New Zealand Energy Excellence Awards 2021
When Liquigas was faced with a need to invest $40m to inspect its fleet of LPG storage vessels, the company had a major challenge on its hands. Making only $5 million a year, this would be a major hurdle.
After a major, multi-decade undertaking, developed in proactive collaboration with regulatory bodies, the results are in. Liquigas has designed, developed and implemented an innovative inspection regime that at a cost of just $4.5 million, resulted in major savings of $35.5million.
Liquigas retained prime position in the market and is able to offer more competitive prices to customers.