Asian economies a key focus for gas and LNG industries

Visitors at Gastech 2014.

Visitors at Gastech 2014.

Investors and stakeholders in prospective LNG projects need to remain focused on the long-term goals ahead and not defer new developments, according to Chevron Chief Executive John Watson.

Speaking at the World Gas Conference in Paris in June, Mr Watson said new business models are also required to keep alive the next wave of projects needed to serve the rise in global demand for gas over the next decade.

Meanwhile, the significant majority of new demand over the next decade will come from Asia, and other 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 forecast 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 developing new gas and LNG infrastructure 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.

In line with focusing business in this region, the Gastech Conference and Exhibition will see the world’s leading investors, stakeholders and players in gas and LNG will gather in Singapore from 27–30 October, coinciding with Singapore’s Golden Jubilee.

The event’s four day program features opening plenary sessions on Tuesday 27 October from the likes of 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 ten highly-relevant topics.

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, as well as a unique and first-hand outlook of the city state’s overseas energy investment plans.

The Gastech Conference and Exhibition is hosted by BG Group and is supported by the Energy Market Authority Singapore, International Enterprise Singapore and the Singapore Exhibition and Convention Bureau, and will be held in association with the Singapore International Energy Week.

For further information or to register for the event, visit http://www.gastechsingapore.com/conference.

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