PR85471

LONDON, September 9, 2020, /PRNewswire=KYODO JBN/--

Gas industry will be both resilient and critical in the journey to a net zero

carbon position by mid-century

Summit delivers the latest commercial strategies and trends dominating the Gas,

LNG and Energy industry

Delegates at this year's Gastech Virtual Summit Strategic Conference have heard

exclusive critical insights from Ministers, policy makers, business leaders,

disrupters and innovators. The Gas, LNG and Energy industry's most powerful

executives spoke today at Day 2 of the Summit. The world's leading event for

the Gas, LNG and Energy industry is taking place digitally from 7 – 11 September.  

Gastech has a successful history of attracting the industry's top CEOs as

speakers. The renowned strategic and technical conference programmes feature

more than 200 speakers, in 89 conference sessions and presentations. Over

1,500 delegates are participating in the global Gas, LNG and Energy industry's

premier knowledge exchange platform. 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 are top of the agenda.  

Joseph McMonigle, Secretary General of International Energy Forum opened Day 2

of the conference with a Keynote Address, he said, "The pandemic increases the

stakes by pushing the demand gap out further over the next decade. This opens a

new window of opportunity that enables the gas industry to play a larger role

in achieving climate, clean air, and energy access goals."

Global Business Leaders discussed the current and future global LNG market,

with Atsunori Takeuchi, Executive Officer, Senior General Manager of LNG

Optimization & Trading Department at Tokyo Gas saying, "Our company would like

to contribute to sustainable development of global energy market and the

implementation of low carbon society and the decarbonised society ahead of it.

This is our future."

Faisel Khan, Chief Financial Officer of Sempra LNG said, "We're quite

optimistic on the growth and need of natural gas and LNG across the world for

some time to come, especially in Asia. We see it eventually as competing with

coal on a long-term basis both from a social cost perspective in terms of GHG

emissions and even potentially on a price basis for a long time." Anatol Feygin,

Chief Commercial Officer of Cheniere added, "We're very confident that

LNG and US LNG in particular will have a seat at the table and will be part of

a long-term multi-decade solution."

Thomas Siebal, Author, Chairman & Chief Executive Officer at C3.ai spoke at a

Gastech Tech Talk on the digital transformation of the oil and gas industry and

the importance of digital technologies in surviving the impact of COVID-19, he

said, "When we get to this issue of corporate mass extinction and digital

transformation, predictions are that 70% of the existing companies today will

go digital and 21% will succeed. The rest will go out of business. They'll be

acquired, they'll be merged and they'll cease to exist. This is accelerated by

what's been going on. This digital transformation process has clearly been

accelerated in the post-COVID economy."

Hydrogen's potential to play a key role in a clean, secure and affordable

energy future was discussed during a Global Business Leader panel discussion.

De La Rey Venter, Executive Vice President, Integrated Gas Ventures of Shell

said; "How important is hydrogen really in the context of our climate

aspirations? Bluntly put, it is mission critical."  

Keisuke Sadamori, Director, Energy Markets and Security of International Energy

Agency said, 'There's a lot of opportunity now for hydrogen probably more than

ever before, so we must start now. What we do between now and 2030 is critical,

the challenge is to turn the momentum into investment decisions." Hydrogen

will play an important role in decarbonising the energy industry, today the

Gastech Hydrogen Exhibition and Conference was launched, co-located with

Gastech, the event will enable those driving the development of Hydrogen and

those investing to convene in Singapore next September.  

Lisa Glatch, Chief Operating Officer of Sempra LNG; Tracy Lothian, Senior Vice

President, LNG at ExxonMobil; Julie Mayo, Energy Transactions Partner and Head

of US Oil and Gas at Norton Rose Fulbright US LLP and Maria Sferruzza, Senior

Vice President for Asia Pacific at Baker Hughes discussed diversity and

inclusion in energy, addressing how vital it is that companies deploy initiatives

to move towards meeting a balance. ExxonMobil hosted Powerplay Panels,

connecting women from across the global energy business, highlighting excellence

and supporting greater diversity and environments in which women can flourish.  

Martin Houston, Vice President at Tellurian wrapped up day 2 of the strategic

conference in analysis with Eithne Treaner, Gastech presenter, he stated,

"Energy demand is growing, and gas is an important part of that!" The underlying

of the Summit was that the gas industry will be both resilient and critical in

the journey to a net zero carbon position by mid-century, all gas companies are

now energy companies, with the shared mandate to drive a low carbon energy future.  

Other speakers leading today's conversation included: Prabhat Singh, Chairman &

Managing Director, Petronet LNG; 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; Hiroki Sato,

Managing Executive Officer & Chief Global Partnership Officer, JERA Inc.; Jun

Nishizawa, Executive Vice President, Group CEO, Natural Gas Group, Mitsubishi

Corporation; Jane Liao, CEO, Natural Gas Business, CPC Corporation, Taiwan;

Steve Hill, Executive Vice President for Gas & Energy Marketing & Trading,

Shell; Irtiza Sayyed, President, ExxonMobil LNG Market Development Inc and

Michael Stoppard, Chief Strategist for Gas, IHS Markit

The topics covered by the Gastech Virtual Summit 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.

The Gastech Virtual Summit 2020 is being held in place of the Gastech

exhibition and conference, scheduled to take place in Singapore, in September.

dmg events and the Gastech Governing Body, in consultation with Enterprise

Singapore and the Singapore Tourism Board collectively took the decision to

postpone that event, to 13 – 16 September 2021, due to concerns around the

global pandemic, accessibility and the wellbeing of speakers, delegates,

exhibitors and visitors.

About Gastech

For almost 50 years, Gastech has been at the heart of the Gas, LNG and Energy

conversation. As the world starts to emerge from the shadow of COVID-19, the

Gastech Virtual Summit will engage with, and address, the key issues and most

promising opportunities for the Gas, LNG and Energy industries in the 4th

industrial age.

Taking place from 7-11 September 2020, Gastech Virtual Summit will provide

leadership and direction as the Gas, LNG and Energy industries seek to strike a

balance between business priorities and their licence to operate, in a post

COVID-19 world. With an emphasis on technology innovation; supply and demand

dynamics; evolving partnerships; people and talent and governance and

influence, the Summit will set the agenda for the global Gas, LNG and Energy

industries for decades to come.

For more information please visit www.gastechevent.com.

Follow us on social media @Gastechevent and use #GTVirtualSummit and #Gastech

for the latest soundbites and news updates as the event happens!

SOURCE: Gastech Virtual Summit 2020