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SIEW Day 3 (31 October 2018)

SIEW Day 3 (31 October 2018)

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Arrow rightSigning off from Day 3 of SIEW Arrow rightThe Role of Nuclear in a Sustainable Energy Future Arrow rightA Glimpse into the Future of Energy Arrow rightEnergy Insights: Perspectives for a Changing Landscape Arrow rightGetting Ready for the Challenges of a Digital Energy Sector Arrow rightViews from SIEW Energy Insights Arrow rightDigital Solutions Will Transform the Energy System Arrow rightThoughts from the Singapore-IEA Forum: Digitalisation in the Energy Sector Arrow rightADS: Digital Transformation of the Downstream Energy and Chemicals Industry Arrow rightNatural Gas: A Significant Fuel for the Energy Transition Arrow rightGoing Digital to Enable the Future Energy System Arrow rightMeet the Who’s Who of Energy at the SIEW Delegate Lounge Arrow rightGrowing Investment in Clean Energy is Timely: Minister Masagos Zulkifli Arrow rightSeen at SIEW: Asia Clean Energy Summit Exhibition Arrow rightIntegrating Renewables into the Energy Mix Arrow rightHave Your Say at the SIEW Live Studio Arrow rightGlobal Outlook on Energy: Leaders Size Up Future Opportunities and Challenges Arrow rightIt’s Day 3 of SIEW 2018
CalendarDay 4 Highlights CalendarDay 5 Highlights

Signing off from Day 3 of SIEW

9.30 PM

We had another great day of speaker sessions and exhibitions! Here’s what some of our speakers and delegates had to say about the energy landscape and why it is imperative to invest, innovate and integrate.

We’d love to hear about your key #SIEW2018 highlights! Come join us at the SIEW Live studio, on level 4 in the foyer.

The Role of Nuclear in a Sustainable Energy Future

09.00 PM

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With electricity demand expected to accelerate up to the year 2050, satisfying this demand in a sustainable manner will require countries to consider all available energy options, including nuclear energy. Ms Agneta Rising, Director General, WNA focused on the significance of nuclear energy in fulfilling this demand at the launch of the World Nuclear Performance Report 2018 Asia Edition this afternoon.

Read the full article

 

A Glimpse into the Future of Energy

08.00 PM

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With the world’s energy system expected to become significantly cleaner, more affordable, and more reliable over the next three decades, it is important that businesses, investors, and governments understand the importance of this seismic shift. Mr Ditlev Engel, CEO of DNV GL-Energy, offered this insight this afternoon as part of his presentation of the Energy Transition Outlook 2018, the firm’s independent forecast of the global energy future from now till 2050.

Read the full article


Energy Insights: Perspectives for a Changing Landscape

07.15 PM

Opening SIEW Energy Insights, Mr. Ngiam Shih Chun, Chief Executive of the Energy Market Authority (EMA) of Singapore, highlighted the need for energy leaders to share their global perspectives. Doing so is particularly important now, he said, as technological transformations and digitalisation rapidly change how we generate, store, and use energy.

Mr. Ngiam Shih Chun introduced DNV GL and the World Nuclear Association to provide insights relevant to the global energy community. DNV GL focused on power supply and use, with the regional launch of its Energy Transition Outlook 2018

The World Nuclear Association then launched its World Nuclear Performance Report 2018 Asia Edition

Getting Ready for the Challenges of a Digital Energy Sector

06.45 PM

 

 

Digitalisation of the energy space comes with risks, but opportunities as well. With century-old power system practices being turned on its head in an increasingly digital world, energy sector players must be prepared to deal with the risks that come along with this transformation. Speakers at the second panel session of the Singapore-International Energy Agency (IEA) Forum highlighted three key challenges in particular.

Read the full article

Views from SIEW Energy Insights

06.00 PM

Mr. Ngiam Shih Chun, Chief Executive of the Energy Market Authority (EMA) of Singapore, welcomed DNV GL for the regional launch of its Energy Transition Outlook 2018 report and the World Nuclear Association for the launch of its World Nuclear Performance Report 2018 Asia Edition.

Both were shared against the backdrop of technological transformations and digitalisation, which are together changing the ways in which we generate, store and use energy.

Ditlev Engel, CEO of DNV GL – Energy, and Carlos Albero, Global Finance Segment Leader of DNV GL – Energy, offered an independent forecast of our energy future through 2050. They looked at energy demand and supply globally, as well as in Southeast Asia and nine other regions.

Agneta Rising, Director General, and Dr Jonathan Cobb, Senior Communication Manager of the World Nuclear Association (WNA), reported on the construction and operational performance of nuclear reactors in the region and worldwide.

They highlighted the efficiency and low environmental impact of nuclear energy.

Digital Solutions Will Transform the Energy System

05.30 PM

 

With global energy systems undergoing rapid and profound transformation, panelists spoke about the role of decentralisation, data analytics, and blockchain in the energy systems of the future.

Read the full article

Thoughts from the Singapore-IEA Forum: Digitalisation in the Energy Sector

04.30 PM

As global energy systems continue to undergo changes such as digitalisation, the process of doing so throws up important questions regarding energy systems of the future.

Singapore’s Minister for Trade and Industry, Mr Chan Chun Sing points out in his Opening Remarks at the Asian Clean Energy Summit that Singapore plays an important role in developing new financial models to meet new and emerging financing needs.

Keynote speaker, Aya Yoshida, Head of Asia Pacific and Partnership Division at the International Energy Agency (IEA) presented the IEA’s findings on mega-trends in the innovation and evolution of energy systems. She pointed out how digitalisation has been lauded as a way to optimise our standard of living and reduce our energy consumption.

But at the same time, Ms. Yoshida says, digitalisation can also create privacy concerns, making it vital to anonymise the data gathered by new energy systems to safeguard consumers’ privacy.

In the opening panel discussion, a diverse group of senior executives addressed wide ranging issues such as policymaking, financing and what it takes to achieve a smart energy future.

Follow us on Twitter, @SIEW_sg and check out #SIEW2018 for the latest updates and energy insights from our events!

ADS: Digital Transformation of the Downstream Energy and Chemicals Industry

04.00 PM

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Dr. Koh Poh Koon, Senior Minister of State, Ministry of Trade and Industry, spoke about the important role of the downstream Energy & Chemicals sector in meeting increasing energy demand at the Asian Downstream Summit.

As the global energy system shifts, it shouldn’t be business as usual, especially as new technologies such as cloud computing, data analytics and artificial intelligence have unlocked new opportunities for the industry.

Collaboration and partnership continue to be key themes in the energy discussion. As ASEAN Chair, Singapore has spearheaded several efforts on digitalisation with ASEAN partners, and international counterparts such as the International Energy Agency (IEA). And closer to home, Singapore companies are already upgrading their technological capabilities to ready themselves for a more digitalised energy future – this includes upskilling the workforce to fully capture the opportunities opened up by digitalisation.

Dr. Koh also presented trophies to winners of the inaugural Asian Downstream Summit Digital Transformation Awards. These Awards recognise the top enterprising refiners and innovative solutions providers in the downstream energy and chemicals sector for their outstanding commitment towards a sustainable and digital-ready energy sector.

Read the full speech here

Natural Gas: A Significant Fuel for the Energy Transition

03.00 PM

Natural gas is the significant fuel for the energy transition and transformation towards a cleaner and more sustainable energy future, said Mr. Ng How Yue, Chairman, Energy Market Authority, who delivered the opening remarks for Gas Asia Summit this morning.

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Mr. Ng spoke about emerging global trends and its their implications on the energy industry, opportunities for LNG usage, and how Singapore can facilitate LNG trading.

Going Digital to Enable the Future Energy System

02.30 PM

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Digitalisation in the energy sector presents both opportunities and challenges to businesses and policy makers, as shared at the Singapore-IEA Forum opening remarks and presentation.

The future of energy systems will be driven by digital technology that can optimise production, better manage demand and integrate a network’s various actors. In Singapore, for instance, the government is studying the merits of a nationwide roll-out of advanced meters to allow consumers to monitor and understand their energy usage patterns, and encourage behavioral change to reduce energy consumption. Read the full article.

Meet the Who’s Who of Energy at the SIEW Delegate Lounge

01.20 PM

Stop by the SIEW Delegate Lounge on Level 4 of the Sands Expo and Convention Centre for some coffee and conversation.

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Take the opportunity to network and forge new partnerships with energy leaders and policymakers.

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The Lounge is also a showcase of Singapore's Energy Snapshot. Learn more about the Singapore Energy Statistics right here.

Growing Investment in Clean Energy is Timely: Minister Masagos Zulkifli

12.00 PM

Guest of Honour Mr Masagos Zulkifli, Minister for the Environment and Water Resources (MEWR), opened the Asia Clean Energy Summit 2018 this morning.

In his opening remarks, Minister Masagos reinforced the significance of clean energy adoption as a vital step for climate action. Singapore is doing its part as a global citizen; investing in renewable energy is one of the strategies under the nation’s Climate Action Plan.

Minister Masagos also shared Singapore’s plans to position itself as a global hub for clean energy investments. He announced that recent investments in the clean energy space are expected to generate about 1,000 professional jobs and $180 million in annual business spending in the next five years.

Singapore continues to support innovation in the clean energy space, especially innovative deployment methods for urban solar, adds Minister Masagos.

Read the full speech here

Seen at SIEW: Asia Clean Energy Summit Exhibition

11.45 AM

The Asia Clean Energy Summit (ACES) exhibition is happening now, with over 70 participating organisations this year. The exhibition is a marketplace for companies to connect with buyers and investors.

Stop by to chat with exhibitors to learn about the latest clean energy solutions, discover best practices, and forge potential partnerships.

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The exhibition is located at the Roselle & Simpor Ballrooms on Level 4 of the Sands Expo & Convention Centre.

Integrating Renewables into the Energy Mix

10.45 AM

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The successful integration of renewable sources of energy will be critical to climate change intervention, said panellists at the Singapore Energy Summit.

The challenges will lie in designing solutions to balance optimisation, energy security, and reliability, and bringing energy access to rural communities.

Read the full article

Have Your Say at the SIEW Live Studio

09.45 AM

The SIEW Live Studio is open at Level 4 of the Sands Expo and Convention Centre.

Join us to share your insights on what’s new in the energy landscape.

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Check out more SIEW Live interviews on Twitter, @SIEW_sg.


Global Outlook on Energy: Leaders Size Up Future Opportunities and Challenges

09.00 AM

From oil demand to energy decentralisation, to the impact of trade tensions – government and industry leaders discuss upcoming challenges and opportunities in the energy landscape with CNBC’s Sri Jegarajah

How Singapore is dealing with the US-China trade spat from CNBC.

Singapore will continue to diversify its economy to ensure it’s not overly dependent on any one sector or country, says the country’s Minister for Trade and Industry Chan Chun Sing.

The liquefied natural gas industry has strong fundamentals: Expert from CNBC.

Martin Houston of Texas-based liquefied natural gas firm Tellurian says the LNG sector is experiencing strong growth and global trade tensions won't have a 'significant' impact on demand.

Oil demand could slow next year: IEA from CNBC.

Slowing global growth from trade wars and currency concerns in emerging markets could reduce demand next year, warns Fatih Birol of the International Energy Agency.

The future of energy will be decentralized, says CEO from CNBC.

Wong Kim Yin of SP Group says energy distribution systems of the future will be more “robust” and “reliable” as they will not rely on central power stations.

It’s Day 3 of SIEW 2018

8.45 AM

We’re off to a great start today. Our partner events, Asia Clean Energy Summit, Asian Downstream Summit and Gas Asia Summit open, promising lots of insights and updates in their respective fields.

We’re also looking forward to the Singapore - IEA Forum later this morning, where Minister for Trade and Industry, Mr. Chan Chun Sing will deliver the welcome remarks.

This afternoon, we will listen to the latest research in key energy issues from DNV GL and World Nuclear Association as they take us through their reports at SIEW Energy Insights.

Follow us here at the SIEW Live Blog and on Twitter, @SIEW_sg for more SIEW updates!