07.30 PM

While we may have come to the end of the Global Launch of SIEW 2019, we look forward to a year of robust dialogue around this year’s theme, “Accelerating Energy Transformation”.

Hear from Ngiam Shih Chun, Chief Executive, Energy Market Authority and Zee Loh, General Manager, Shell Energy Singapore as they weigh in on the theme.

Thank you to all our partners, sponsors and media who attended our event this afternoon and followed the live updates online.

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SIEW 2019 will take place from 29 October to 1 November 2019 at Marina Bay Sands. Registration opens July 2019.

06.00 PM

Following the presentations, Sri Jegarajah of CNBC moderated an open-floor discussion with Zee Loh of Shell and Sharad Somani of KPMG. The conversation focused on how Asia can shift its longer-term energy ambitions into actionable solutions that can be implemented today.

Three key takeaways arose from the Q&A:

1. Despite the rise of CO2 emissions, the ambition for a cleaner energy mix in Asia remains. Energy efficiency and technological advancements will each play a critical role in the transition to renewable energy – as will government support.

“The primary concern politicians have when it comes to #energy options is cost. But choosing #sustainability and doing the best for their people are also priorities.” - @sharadsomani, @KPMGSingapore #SIEW2019 pic.twitter.com/nM0UbAhJAe

— SingaporeEnergyWeek (@SIEW_sg) March 26, 2019

2. Carbon tax is often cited as a potential solution to lowering CO2 emissions, however, increased innovation and competition will likely be more impactful.

“Every scenario has different #energy requirements. We have to provide a diversity of energy sources, and in the end it is the customer who chooses.” - Zee Loh, @Shell Energy Singapore #SIEW2019 pic.twitter.com/u5mn1y1ZAk

— SingaporeEnergyWeek (@SIEW_sg) March 26, 2019

3. Over the next 10 years, Southeast Asia will prove suitable for the adoption of clean energy. But countries across the region remain focused on the ability to access power at the most reasonable price. Cost advantages will therefore be key in finding the right energy mix.

“If you ask where renewable #energy is headed in the next 10 years, there is a strong case for @ASEAN to become a dynamic hub as costs of renewable energy decrease.” - @sharadsomani, @KPMGSingapore #SIEW2019

 

— SingaporeEnergyWeek (@SIEW_sg) March 26, 2019

Find out more about SIEW 2019 and the theme, Accelerating Energy Transformation, here.

04.00 PM

In his presentation on the Shell LNG Outlook 2019, Zee Loh, General Manager of Shell Energy Singapore discussed the continued need for investment in LNG supply to meet Asia’s long-term demand growth.

“There is a compelling need to move to clean energy and accelerate the pace of change.” - Zee Loh, GM, @Shell Energy Singapore #SIEW2019

— SingaporeEnergyWeek (@SIEW_sg) March 26, 2019

Keen to find out more about the @Shell LNG Outlook 2019 report? Download the full report here: https://t.co/Xlopv4GwKQ #SIEW2019 pic.twitter.com/JvS3KNLChF

— SingaporeEnergyWeek (@SIEW_sg) March 26, 2019

Asian LNG imports continued to exceed expectations in 2018, with demand absorbing supply growth.

Key takeaways from @Shell LNG Outlook 2019:
1. Growing recognition of the role of gas and LNG in meeting the global energy challenge
2. Asian LNG imports exceed expectations again in 2018
3. Continued need for investment in supply to meet long-term demand growth#SIEW2019 pic.twitter.com/FYsDUVUL2f

— SingaporeEnergyWeek (@SIEW_sg) March 26, 2019

There is growing recognition of the role of gas and LNG as the world tackles poor air quality and climate change.

For more key trends in the LNG landscape, download the full Shell LNG Outlook 2019 report.

03.15 pm

This year, SIEW’s theme will focus on “Accelerating Energy Transformation”.

The energy landscape continues to experience major shifts. Global energy demand is expanding, and this is especially pronounced in Asia. The growth in energy demand will also be driven by electrification of transportation, industries and buildings. This demand has been supported by increased supply of oil and gas, lowered cost of renewables and technological advancements in energy storage. However, there remain concerns over meeting climate change commitments, even as renewable energy investments hit record highs.

Against this backdrop, SIEW will provide a platform for global energy stakeholders to deliberate on and accelerate the transformation towards a more sustainable energy future.

2.30 PM

We’re at Marina Bay Sands and looking forward to the Global Launch of Singapore International Energy Week (SIEW) 2019.

Catch the Opening Remarks by Ngiam Shih Chun, Chief Executive, Energy Market Authority, who will also be unveiling the theme for SIEW 2019.

Hear from Zee Loh, General Manager of Shell Energy Singapore, and Sharad Somani, Executive Director and ASPAC Head – Power and Utilities, KPMG. The speakers will share their insights and perspectives on the LNG and renewables sectors, respectively.

Join us live on Facebook at 3.00pm today as we reveal what’s new and exciting at SIEW 2019. You can also get key updates from the event right here and on Twitter @SIEW_sg.