Singapore’s Minister for Trade & Industry, Chan Chun Sing Officially Opens Gastech Virtual Summit

Singapore’s Minister for Trade & Industry, Chan Chun Sing officially opened the Gastech Virtual Summit this morning. The world’s leading event for the Gas, LNG and Energy industry is taking place digitally from 7 – 11 September.

Asia remains firmly at the heart of global energy demand growth, with gas & LNG continuing to underpin the needs of millions for sustainable, low carbon affordable energy. Singapore, where the Summit was due to take place this week and home to Gastech 2021, retains its
global position as a strategic hub for the growing Asian Market. Chan Chun Sing said in the Summit’s Welcome Address, “The Singapore government remains committed to develop Singapore as an LNG trading hub. While the external environment is uncertain, the long-
term drivers for LNG demand, especially in Asia, remain very strong, and Singapore can be a launchpad for you to capitalise on this potential.”

Honourable Seamus O’Regan, Minister for Natural Resources of Canada addressed the
delegates, leading on the Summit’s mandate for the energy transition, stating “just as our goal of net-zero emissions by 2050 needs our oil and gas industry, our oil and gas industry needs net-zero.” O’Regan also added, “We must move now on our common mission, a net zero economy by 2050, a global economy that continues to grow, and an energy transition that leaves no one behind.”

Maarten Wetselaar, Integrated Gas & New Energies Director and Member of the Executive Committee at Shell reinforced the Summit’s agenda for low carbon energy in his exclusive interview with Steve Sedgwick, Anchor for CNBC Squawkbox, saying, “We do need oil and gas. We are good at finding and producing responsibly, but our growth is going to be at a low carbon end.”

Pratima Rangarajan, CEO of OGCI Climate Investments addressed climate change. She
said, “Energy is at the heartbeat of all this activity, but just decarbonising the energy system does not solve the climate problem. That is why it’s imperative for us all, even within the energy industry to take a system view of everything we do and work together on decarbonising our ecosystems.”

need for new technologies and innovations is paramount to ambitious net zero targets.
Lorenzo Simonelli, Chairman, President & CEO of Baker Hughes said, “The world will
continue to demand more energy every day, and yet the world needs more from energy through decarbonization at the same time. This is the dual challenge, more energy, less emissions. Technology for the energy industry and the right talent to invent and implement it, it’s the only true way we can overcome the dual challenge today.”

Among other industry leaders who spoke on the first day of the virtual conference were; Francis Fannon, Assistant Secretary for the Bureau of Energy Resources, United States Department of State; Shawn Tupper, Associate Deputy Minister of Natural Resources, Canada; Hon. Dale Nally, Associate Minister of Natural Gas and Electricity, Government of Alberta; Eugene Kaspersky, CEO, Kaspersky Lab; Laurent Vivier, Senior Vice President Gas, Total; Mike Sabel, Co-CEO, Co-Chairman and Founder, Venture Global LNG; Jerome
Schmitt, Chairman, Oil & Gas Climate Initiative and Alex Volkov, Vice President, Global LNG Marketing, ExxonMobil.
Nick Ornstien, Vice President Energy for dmg events said: “The Gastech Virtual Summit delivers advanced insights into the latest commercial strategies and trends dominating the Gas, LNG and Energy industry, providing delegates with fast track information on how best to align business models for the post-pandemic landscape, we are ”

Leading the conversation tomorrow, speakers include Joseph McMonigle, Secretary General, International Energy Forum; Prabhat Singh, Chairman & Managing Director, Petronet LNG; Atsunori Takeuchi, Executive Officer, Senior General Manager of LNG Optimization & Trading Department, Tokyo Gas; Faisel Khan, Chief Financial Officer, Sempra LNG; Anatol Feygin, Chief Commercial Officer, Cheniere; Thomas Siebel, Author & Chairman & Chief Executive Officer, C3.ai; De La Rey Venter, Executive Vice President,
Integrated Gas Ventures, Shell; Niek den Hollander, Executive Board Member Uniper SE; Keisuke Sadamori, Director, Energy Markets and Security, International Energy Agency; Sanjiv Lamba, Executive Vice President, APAC, Linde; Thorbjoern Fors, Executive Vice President, Industrial Applications, Siemens Energy and Dan Feldman, Partner, Shearman &
Sterling.

The Summit features over 200 industry leaders outlining and sharing strategies and visions for confronting the new and changed energy markets. Over 1500 delegates are registered to participate in exclusive critical insights from Ministers, policy makers, business leaders,
disrupters and innovators. Attendees have access to exclusive critical insights from
Ministers, policy makers, business leaders, disrupters and innovators. Issues impacting the future of the industry; energy security of supply; affordability and sustainability; the prospects for demand and investment recovery; and changes to supply in a post COVID-19 world,
being top of the agenda.

The topics which the Gastech Virtual Summit will cover include the role of natural gas in the energy transition; the criticality of IoT and data security in the future of the energy industry; the impact of deregulation on markets and investment; opportunities and challenges to the energy sector posed by Industry 4.0; hydrogen’s ability to deliver on decarbonisation commitments and what impact environmental activism will have on the emerging growth opportunities for the industry.