ASEAN-IEA Gas Dialogue


Organiser Energy Market Authority (EMA) and International Energy Agency (IEA) In Partnership with KPMG
Date 28 Oct 2014, 09:00 - 13:30 hrs
Venue Marina Bay Sands Expo & Convention Centre

Under the auspices of ASEAN-IEA energy cooperation, the IEA is facilitating a series of dialogues to discuss the development of a regional gas market, based on the findings of a 2013 IEA study on “Developing a Natural Gas Trading Hub in Asia”. This final dialogue in the series will build on the discussion at the 32nd ASEAN Ministers on Energy Meeting in September 2014 and is expected to initiate and identify next steps and key obstacles towards the creation of a competitive regional gas market. This event is by invitation only.

Programme

09:15 – 09:45 hrs Registration & Networking Session
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Refreshments will be served

09:55 – 11:00 hrs Changing Gas Markets in ASEAN

The rise of LNG and growing interdependence of gas markets regionally, particularly in Southeast Asia, calls for greater integration of the ASEAN gas markets. Unlike Europe and North America, no natural gas trading hub has developed in Asia. In light of Asia’s growing gas demand, what are the potential areas of collaboration for LNG in ASEAN that would complement the existing Trans-ASEAN Gas Pipeline (TAGP) initiative?

11:00 – 12:00 hrs Bringing Gas to Market
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Southeast Asian gas markets are increasingly liberalised. However, countries are still facing the twin challenges of providing a fair return to gas producers while keeping domestic gas prices low. This region could benefit from enhancing the synergies between LNG and pipeline gas. This requires harmonising regulations and developing the infrastructure to boost cross-border trade. Small-scale LNG could also play a role in developing remote demand centres where pipeline infrastructure is less accessible. Amidst the dynamic global gas market and the precedents of North America and Europe gas hubs, there are foreseeable prospects for the establishment of a regional trading hub. 

12:00 – 13:15 hrs Lunch Presentation

Introduction and Q&A session moderated by Mr Pek Hak Bin, Head, Energy and Natural Resources, KPMG