LNG industry: keep focused

At the World Gas Conference in Paris last month, Chevron Chief Executive, John Watson, highlighted the need for investors and stakeholders in prospective LNG projects to remain focused on the long-term goals ahead, warning them not to defer new developments due the anticipated wave of cheap US LNG.  New business models are required, he remarked, to keep alive the next wave of projects that would be needed to serve the rise in global demand for gas over the next decade.

The significant majority of this new demand will come from Asia, and from emerging economies seeking to develop gas and LNG infrastructure. Although a recent International Energy Agency (IEA) report highlighted the need for gas to make itself more competitive with other fuel sources, tightening markets are forecasted not to last long as demand is again likely to outstrip supply beyond 2020 – with much of this rising demand coming from new Asian markets. 

Critical in the goals to continue developing new gas and LNG infrastructure – and to repel short-term investor wobbles – will be placing natural gas at the forefront of Asia’s drives to reduce air pollution, reduce carbon emissions and further expand gas as a transportation fuel – onshore and offshore. Major suppliers now look firmly to Asia for positive momentum and the uptake of new sources of gas and LNG supply, thus fuelling confidence in new projects and ensuring demand growth will continue to be met beyond 2025.

In line with focusing business in this region, the world’s leading investors, stakeholders and players in gas and LNG will gather in Singapore this October. Facilitating and driving these business discussions and connections is the Gastech Conference & Exhibition, which will take place from 27 to 30 October 2015, coinciding with Singapore’s Golden Jubilee.

The event’s four day conference programme features a wealth of C-level executives representing key investor, procurement and supplier interests. Truly reflective of the regional shift, the opening plenary sessions on Tuesday 27 October focus on connecting global suppliers with key Asian consumers, with leadership confirmed from CNOOC Gas & Power, JERA (Chubu-TEPCO), Tokyo Gas Company, CPC Taiwan, KOGAS, IE Singapore, Pavilion Energy, Chevron, ExxonMobil, RasGas/Qatar Petroleum, ENGIE, and more.

Highlighting more specific commercial and technical aspects, the remaining three days of the conference will address 10 highly-relevant topics: gas market outlook, future use of gas and LNG in the Asian fuel mix, contracting, pricing and trading, LNG projects: non-technical risks and deliver, application of innovative technology, shipping, gas as a transport fuel, health, safety, security and environment, emerging gas market developments and investment, and FLNG innovation with containment and storage.

With Singapore at the heart of Asia’s drive for economic prosperity and its government’s regional ambitions in gas and LNG trade, Gastech will provide attendees an insight into regional and global opportunities, and a unique and first-hand outlook of the city state’s overseas energy investment plans. The opportunities for those working in gas and LNG to develop new business and new markets are unprecedented, with the focus firmly on the role Asia will play in leading the ongoing growth of gas and LNG, through key business development, partnerships and deal-brokering.

Gastech Conference & Exhibition is hosted by BG Group. The event is also supported by the Energy Market Authority (EMA) Singapore, International Enterprise (IE) Singapore and the Singapore Exhibition & Convention Bureau (SECB), and will be held in association with the Singapore International Energy Week (SIEW).

Edited from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/17072015/lng-industry-keep-focused-1036/