The natural gas revolution currently sweeping the world is resulting in tectonic changes in the energy and geo-political landscape. Abundant shale gas in the US is driving prices to decade-lows, resulting in a marked shift from coal-towards gas-fired power in the US. Possible North America Liquefied Natural Gas (LNG) exports are now dominating industry discussions. In Europe, policy makers are debating the merits of shale gas developments even as coal- vs. gas-fired power margin spreads are driving up consumption of coal with the collapse of carbon prices under the Emissions Trading Scheme exacerbated by euro zone economic woes. In Asia, the tragic Fukushima event of Mar 2011 saw LNG quickly making up the shortfall crated when aboutÂ 50 GW or nuclear plants - approximately an entire Thailand's worth of generation capacity - went offline demonstrating both the reliability and speed at which natural gas, more specifically LNG, can help secure and increase energy resilience against catastrophic shocks. In ASEAN, 6 of the 10 Member States will start importing LNG by the end of this decade. This places the region centrally on the world's gas growth map and connects it directly to the dynamics of global gas.
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Mr. Duncan van Bergen, General Manager, Global Gas Market Development, Royal Dutch Shell
- Monday, 15 October 2012
- 12.15 p.m. - 1.30 p.m.
Seminar Room 3-5
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road