ema insights - singapore energy landscape, energy trading and siew 2015
TRANSCRIPT
ENERGY MARKET AUTHORITY
10 July 2015
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| Asia to lead in global energy demand
IEA, World Energy Outlook, 2014 *Energy demand in Mtoe
Primary energy demand* and the share of global growth
• China, India and Middle East will drive one-third of global energy demand.
• By 2035, energy demand in OECD countries is expected to be less than half of non-OECD
countries.
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| Southeast Asia: A region in transition ASEAN Electricity Generation Capacity
Southeast Asia’s energy demand is set to increase by over 80% between 2013 and 2035, a rise
equivalent to current demand in Japan.
• Coal is expected to remain as the dominant fuel for the region, accounting for 58% of growth in
electricity generation in ASEAN by 2035
• LNG is likely to be used as an alternative fuel to meet peak demands, provide flexibility or to address
environmental concerns
• Growing potential for renewable energy
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| A cleaner and greener Southeast Asia?
ASEAN Electricity Generation from Renewables
IEA, WEO Special Report on Southeast Asia Energy Outlook, 2013
Southeast Asia has large and untapped potential in deploying renewable energy.
• Key uses for rural electrification and diversity of energy supplies
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| Transition fuels: Southeast Asia’s LNG landscape
LNG Terminals in Southeast Asia
Gas is a dominant part of Southeast Asia’s energy mix: growth in LNG supplies and infrastructure
in the region from 141 bcm in 2011 to 250 bcm in 2035.
• Increasing short-term and spot trades
• Increasing number of global LNG suppliers and buyers
• Numerous import/ export terminal infrastructure development projects underway
• Buyers’ seeking more flexibility in source and price
IEA, The Asian Quest for LNG in a Globalising Market, 2014
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| LNG has good potential for trading opportunities
• Proximity to both traditional and emerging LNG supply and demand
• Neutral marketplace
• Established trading and financial hub with existing support infrastructure and services
• Singapore LNG terminal will be Asia’s first open-access multi-user terminal with both import
and export capability
Singapore’s Potential as Asia’s LNG hub
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| Growing Solar Interest in Singapore
Market interest in solar has been growing in Singapore. Since 2009,
• The number of installations has increased from 59 to 636 (end 2014)
• The installed capacity has increased from 1.5 MWac to 25.5 MWac (end 2014)
The take-up is expected to accelerate over the next few years, as prices fall and technology
continues to improve.
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Total installed capacity and installations for Solar Energy
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| Oil Prices: Transition and Volatility
Natural gas spot market price trend (USD/MMBTU)
Historical crude oil front month futures prices
Downward trend of oil
prices
Geopolitical developments
Shifts across energy markets
Sustainable development and resilience
?
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| SIEW 2015 Theme
• “Global Energy Transitions” sets the scene for discussions on what will characterise the next
global transition and its impact on Asia and the global energy systems.
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| Highlights from SIEW 2014
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| SIEW @ A Glance
Monday
26 Oct
Tuesday
27 Oct
Wednesday
28 Oct
Thursday
29 Oct
Friday
30 Oct
SIEW Opening
Keynote Address
Gastech 2015
Renewables @ SIEW
- RE@SIEW Expo
- Asia Clean Energy Summit
SIEW Thinktank Roundtables
Singapore Energy
Summit
Asian Energy Financial and Investment
Conference
Platts Top 250
Asian Awards
Dinner
Asian Downstream Week
SG50 Jubilee
Reception SIEW Networking Receptions
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| SIEW Opening Keynote Address
The SIEW Opening Keynote Address is the highlight of SIEW, where an energy luminary provides
insights on the energy landscape
Dr Fatih Birol Executive Director (elect) International
Energy Agency (IEA)
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| Singapore Energy Summit
• Gireesh B. Pradhan, Chairman and CE, Central Electricity Regulatory Commission (CERC)
• Hiroshi Ozaki, Chairman, Osaka Gas
• Tang Kin Fei, Group President and CEO, Sembcorp Industries
Session 1:
Asia’s New Energy Frontiers
• Charif Souki, Chairman and CEO, Cheniere Energy
• Peter Coleman, CEO and Managing Director, Woodside Energy Lunch Plenary
• Masakazu Toyoda, Chairman and CEO, The Institute of Energy Economics, Japan (IEEJ)
• Aldo Flores-Quiroga, Secretary General, International Energy Forum (IEF)
• Lady Barbara Judge, Chairman Emerita, UK Atomic Energy Authority
• Shigeru Muraki, Executive Advisor, Tokyo Gas
• Eric Luo, CEO, Shunfeng International Clean Energy
• Jens Økland, Executive Vice President, Marketing, Midstream & Processing, Statoil
Session 2:
Securing Energy in an Era of Uncertainty
• Mohinder Gulati, COO, United Nations Sustainable Energy for All (UNSE4ALL)
• Agneta Rising, Director General, World Nuclear Association (WNA)
• David Walker, CEO, DNV GL - Energy Session 3:
Building Energy Resilience
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| SIEW Partner Events
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| SIEW Think-tank Roundtables
• Hosted by leading International Organisations and think-tanks on key energy topics
29 Oct
09:00 – 12:00
• Oil Pricing and Outlook by The Institute - Energy Economics, Japan (IEEJ)
• Renewables Deployment in Cities - International Renewable Energy Agency (IRENA)
• Nuclear Safety, Security and Safeguards in ASEAN - S. Rajaratnam School of International Studies (RSIS)
29 Oct
14:00 – 17:00
• Distributed Energy Generation and Integration: Policy and Technology Challenges and Opportunities - Energy Research Institute @ NTU (ERI@N)
• The Energy Outlook for Southeast Asia: The Importance of the Power Sector - International Energy Agency (IEA)
• China’s One Belt One Road Initiative: Opportunites for ASEAN Energy Market - Chinese Academy of Social Sciences (CASS) & Institute for the Analysis of Global Security (IAGS)
30 Oct
09:00 – 12:00
• The Future of Energy Security: Opportunites and Challenges at the Cyber Energy Nexus - U.S. Department of Energy (DOE) & Energy Studies Institute (ESI)
• Integrated Renewable Electricity Grid: Is it the Right time to Act Now in Asia? - Energy Research Institute Network (ERIN) & Economic Research Institute for ASEAN and East Asia (ERIA)
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| Networking Opportunities
26 October 2015
Held at the ArtScience Museum, SG50 Jubilee Reception will celebrate Singapore’s 50th
independence.
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