IE Singapore Gas Roundtable 2016
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Despite the challenging times in the energy sector, gas is poised to experience significant growth in demand in the coming decades and developing Asia is expected to contribute to almost half of the increase in global gas demand and 75% of the increase in imports.
Natural gas share in the global energy mix is expected to grow at approximately 2% per year and by 2040, gas will be the second largest contributor to additional global power generation. As the world looks towards a cleaner and cheaper source of energy, demand for natural gas is expected to increase faster than other conventional fuels such as oil and coal. Gas, due to its low carbon content, emits up to 60% less carbon dioxide than coal. Technological advancements such as shale gas developments have enabled production from unconventional sources possible, making gas more accessible and transportable.
As developing countries in the region such as Indonesia, Philippines, Thailand and Myanmar look towards gaining access to new gas supplies, there is a need to develop new gas infrastructure to support demand. These trends present opportunities for mid and downstream Singapore companies to develop their capabilities and to grow regionally and internationally.
Companies with proven track records in offshore and marine, engineering and equipment services, given time, will be able to transfer their capabilities to the related sector of LNG. Some of the front runners are already in the position to recommend innovative and creative solutions such as small scale LNG and floating solutions to cater the region’s needs.
IE Singapore is organising the inaugural Gas Roundtable to highlight the opportunities in the gas market through the panel sessions and to catalyse more collaborations between Singapore companies and various gas stakeholders in the gas market. This year, we are pleased to have Dr Koh Poh Koon, Minister of State for Trade & Industry and National Development as our Guest-of-Honour.
The event will be a plenary style consisting of two panel sessions and will be attended by C-suite level representatives from Singapore companies, national oil companies, international oil companies, project developers and traders to attend this roundtable.
Venue: International Enterprise Singapore, 230 Victoria Street #10-00, Singapore (188024)
Date: 3 October 2016, Monday
Dress code: Suit and tie
|9:30 am|| |
Guest registration and coffee networking session
|10:00 am|| |
Guest to settle down
|10:00 am|| |
Arrival of by Dr Koh Poh Koon, Minister of State for Trade & Industry and National Development
|10:15 am|| |
Welcome remarks by Mr Seah Moon Ming, Chairman of International Enterprise Singapore
Opening address by Dr Koh Poh Koon, Minister of State for Trade & Industry and National Development
Start of plenary
|10:30 am|| |
Panel I: Outlook of gas in Asia Pacific
Each of the speakers will have 10 minutes for their presentation followed by a 20 minutes Q&A.
With a large and growing population and rapid economic growth, Asia Pacific will see the largest rise in natural gas demand with usage doubling from 2014-2040. This panel session will provide an overall outlook on the prospect of gas in the region in the years to come. Key topics include:
|11:20 am|| |
|11:45 am|| |
Panel II: Singapore’s role in the LNG growth story
Each of the speakers will have 10 minutes for their presentation followed by a 20 mins Q&A.
Asia’s increasing energy demand, the development of LNG technology and a greater emphasis on reducing global carbon emissions point to the use of gas as a bridging fuel towards renewables. Given that Asia is estimated to represent more than 70% of worldwide demand for LNG, this panel will share on how over the years, given our strong offshore and marine capabilities, Singapore has journeyed into the LNG industry and what are some of the upcoming opportunities in the region. Key topics will include:
|12:35 pm|| |
Wrap-Up and conclusions by Mr Law Chung Ming, Group Director Transport and Logistics Group, International Enterprise Singapore
|12:45 pm|| |
End of plenary