PR85559

LONDON, Sept. 11, 2020 /PRNewswire=KYODO JBN/--

Energy Leaders Identify Diversification into Greener Energy as Priority for

Long-Term Business Growth and Net-Zero Ambitions

Gastech Virtual Summit Strategic Conference Featured The Gas, LNG and Energy

Industry's Most Powerful Decision Makers

The closing remarks of the Gastech Virtual Summit have taken place today.

The Summit has put the spotlight on the importance of gas in the growing demand for

energy globally and highlighted the resilience of the industry in the face of price volatility,

COVID-19 and the changes to the environmental agenda. Gas companies are now energy

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

Chan Chun Sing, Minister of Trade & Industry for Singapore, opened the Summit

on Monday 7 September, immediately bringing to the fore the theme that has

continued throughout this week, the Gas, LNG and Energy industry will evolve

and adapt to meet the net zero carbon ambitions by mid-century. During the

opening Chan Chun Sing said; "As the LNG hub of the region, our government and

gas industry in Singapore have embarked on many initiatives across the value

chain. These serve to promote innovation in the sector and the adoption of more

environmentally sustainable energy strategies."

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

speakers. The renowned strategic and technical conference programmes featured

more than 200 speakers, in 89 conference sessions and presentations. Over 1,500

delegates participated 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

have remained top of the agenda.  

Honourable Seamus O'Regan, Minister for Natural Resources of Canada addressed

the delegates during a Keynote on Monday, 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."  

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."

The conversation on the collective response needed for the energy transition,

and the strategies and innovation that will shape the future of the industry

continued throughout the Summit. Both Thomas Siebel, Author, Chairman & Chief

Executive Officer at C3.ai and Eugene Kaspersky, CEO, Kaspersky delivered

Gastech Tech Talks on digital transformation, Internet Of Things and Security

and the criticality of technology for the energy future.  

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."

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

energy future was discussed this week, with De La Rey Venter, Executive Vice

President, Integrated Gas Ventures of Shell saying; "How important is hydrogen

really in the context of our climate aspirations? Bluntly put, it is mission

critical." Hydrogen will play an important role in decarbonising the energy

industry, this week 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.  

Driving the Gas, LNG and Energy Industry towards a cleaner energy future, the

Summit's speakers included Lorenzo Simonelli, Chairman, President & CEO of

Baker Hughes; Maarten Wetselaar, Integrated Gas & New Energies Director and

Member of the Executive Committee at Shell; 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; Alex

Volkov, Vice President, Global LNG Marketing, ExxonMobil; 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; Irtiza Sayyed, President, ExxonMobil LNG

Market Development Inc; 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.

Nick Ornstien, Vice President Energy for dmg events said: "The Gastech Virtual

Summit has delivered 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."

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

exhibition and conference, scheduled to take place in Singapore this week. 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