IE Singapore Gas Forum 2017
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IE Singapore is organising the 2nd edition of the Gas Forum – an event that will bring together government and private sector stakeholders in the natural gas industry. The upcoming edition builds on last year's successful event, which was attended by 200 professionals in the Oil & Gas industry and its supporting clusters.
As natural gas gradually finds its place at the heart of the global energy system, Singapore is well positioned to become a LNG trading, bunkering and solutions hub. This year’s discussion will focus on two major development trends – both of which present immense opportunities for Singapore’s Oil & Gas companies:
(1) Small scale LNG (SSLNG) opportunities in Asia
(2) LNG’s role in future marine transportation systems
Little Red Dot
Date: 20 October 2017, Friday
Time: 8:30am - 13:00pm
Dress code: Business attire
EVENT PROGRAMME (20 OCT 2017)
|08:30 am|| |
Registration and networking session
|09:40 am|| |
Welcome remarks by Ms Kathy Lai, Deputy Chief Executive of International Enterprise Singapore
Opening address by Ms Low Yen Ling, Senior Parliamentary Secretary, Ministry of Trade and Industry & Ministry of Education
|Panel I: Small Scale LNG in Asia: Challenges and Prospects|
|09:55 am|| |
Access to energy will be key to driving socio-economic developments and realizing Asia’s massive economic potential. Small scale LNG (SSLNG) can be a costs effective way to distribute LNG to remote locations in Asia where pipeline construction is difficult or uneconomic due to demand profile.
Nearshore, floating and re-deployable small scale infrastructure can be a viable alternative to traditional land-based ones, as developers can undertake a step-wise investment approach as demand profile grows in tandem. Working alongside, small scale carriers can function as “virtual pipelines” bringing natural gas to far flung, off-grid locations in an effective manner.
However, despite the perceived advantages and widespread interests, few SSLNG projects have taken off, raising doubts of the viability of such concepts.
A panel comprising of Singapore-based global advisory, bank and Singapore companies with innovative solutions for small scale LNG infrastructure & LNG distribution will come together and discuss:
|10:45 am|| |
|Panel II: Role of LNG in future marine transportation systems|
|11:05 am|| |
Natural Gas is finding its place at the heart of global energy system. The fundamental characteristics of natural gas makes it ideal for electricity generation, industrial heat source, chemical feedstock, commercial and residential heating requirements.
Beyond the above application areas, the global marine transportation industry also holds much promise as a consumer of LNG. The marine industry currently relies on fuel oils for powering needs but tighter emission requirements for CO2, NOX, SOX and particulates implies that ship owners / operators have to explore “greener” alternatives. LNG remains as the only fuel type that can comply with upcoming and future air emission requirements.
However, some uncertainties exist in LNG quest to be a marine fuel of choice, as a combination of factors such as the lack of LNG bunkering facilities, underdeveloped bunkering logistics, less than favourable economics hinders fleet conversion decisions. Technology shifts take place (in the marine transportation sector) also pose questions if LNG will be dominant marine fuel of choice in the long run.
The Panel will discuss:
|11:55 pm|| |
Closing remarks by Mr Law Chung Ming, Group Director Transport and Logistics Group, International Enterprise Singapore
|12:00 pm|| |
|End of program|