The Energy Market Authority (EMA) of Singapore organized the 3rd SIEW Energy Insights in Tokyo on 26 July 2016 to discuss the latest energy developments in Japan. Professor Tatsuo Masuda, from Nagoya University of Commerce and Business; Tsuneo Miyamoto, Oil and Gas Leader at KPMG Japan; and Yukari Yamashita, Board Member and Director of Energy Data and Modelling Center at the Institute of Energy Economics, Japan (IEEJ) shared their views with more than 70 participants
The session discussed the SIEW theme, “New Energy Realities” and its relevance to Japan. Other topics included the impact of oil prices being lower for longer on energy investments and security, developments in Japan’s electricity market reform and its power generation industry, and the opportunities for energy collaboration between Japan and Asia.
Find out more about the panelists’ views and perspectives on:
Japan’s new energy realities and their implications
Prof Tatsuo Masuda
Nagoya University of Commerce and Business
“The biggest new reality is the need to decarbonise the energy system. Japan is no exception.
This is a huge challenge which may be resolved through technology. The vast experience of the Japanese energy sector could also provide an answer.”
Tsuneo Miyamoto
Oil & Gas Leader KPMG Japan
“In Japan, we are currently focusing on energy reform, including the gas and power utility markets.
This could be a game changer that will bring many benefits.”
Yukari Yamashita
Board Member & Director of Energy
Data and Modelling Center
The Institute of Energy Economics, Japan (IEEJ)
“After the earthquake, we learned that we are dependent on imported energy. Therefore we have to diversify energy sources and suppliers, while achieving 3Es (Energy Security, Economic Efficiency, Environment) and safety. There are also many lessons that we can share with the rest of the Asia in light of our common challenges.”
Energy collaboration opportunities between Japan and Asia
Prof Tatsuo Masuda
Nagoya University of Commerce and Business
“Asia is a hotspot in the energy sector and energy could be the common thread for cooperation in the region.
We can work together to build a power grid connecting the continent, have an Asia LNG hub, or collaborate on energy technologies that could benefit Asia and the rest of the world.”
Tsuneo Miyamoto
Oil & Gas Leader KPMG Japan
“It is necessary for Asia to cooperate on innovation and investment […] especially Singapore and Japan, where both are focusing on the development of LNG trading market. This is an area of huge opportunity in both countries.”
Yukari Yamashita
Board Member & Director of Energy
Data and Modelling Center
The Institute of Energy Economics, Japan (IEEJ)
“Through the energy mix debate, we realised that it is key to introduce more renewables and at the same time liberalise the LNG market. All these are potential areas where we can collaborate […]. As energy importing countries, there are also many other areas for cooperation such as emergency preparedness.”
SIEW 2016 will be held at the Sands Expo and Convention Centre at Marina Bay Sands Singapore from 24 to 28 October 2016. Registration is now open.
For more energy insights, please visit www.siew.gov.sg.