Global gas meeting in Singapore confirms powerful shift to Asian market focus

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A senior group comprising of 25 global gas & liquefied natural gas (LNG) executives met in Singapore last month to examine the key issues driving the industry over the next 12 months. The group represented the entire natural gas & LNG supply chain, with major suppliers and distributors present, alongside key gas & LNG buyers, engineering contractors, energy investors and gas analysts.

The group were representing one of the world’s largest global gas conferences, Gastech, an industry-led event that mirrors the direction the gas & LNG community will take over the coming months and years. Established since 1972, the next edition of the global Gastech event will take place in October 2015 and will be held in Singapore – a dynamic epicentre of trade in Asia – based on the industry’s forthright recognition that Asia is the next major consumer region of gas & LNG, reflecting a paradigm shift towards key energy hubs such as Singapore – where so many major industry players have now ramped up their operational capability.

The Gastech ‘Governing Body’ meets at least once per year to assess the state of the industry and to recognise where change is occurring and evolution is happening. At present the global gas industry is evolving so rapidly that frequent global meetings such as Gastech are paramount to ensure the industry reflects the pace of change taking place, continuing to ensure political and regulatory matters are addressed effectively.

In recognition of the major shift in energy demand towards Asian consumer markets, the latest Gastech Governing Body welcomes many new high-profile members, from key Asian organisations such as: Singapore LNG, China National Offshore Oil Company (CNOOC), Chubu Electric, PT Pertamina, Pavilion Energy, and Chiyoda.  Members discussed critical industry issues that would form the foundation of the Gastech 2015 conference agenda, in preparation for the official ‘call to papers’ launch that will happen in mid-September this year.

Pertinent topics agreed by the Governing Body to be included in the Singapore edition of Gastech include: Asian gas trading, contracting & pricing, the market outlook for gas, the future for floating LNG in Asia, small-scale LNG developments, the future use of gas & LNG in the Asian fuel mix, and many more.

To learn more about the increasing influence of Singapore as an international energy hub and to understand the Gastech Governing Body’s role in reflecting the global gas industry’s views – please contact Laurence Allen on laurenceallen@dmgevents.com or visit www.gastechsingapore.com