BANGKOK, July 29, 2019 /PRNewswire/ -- Energy systems globally are being re-examined due to a combination of populist and geopolitical pressures. Gas is set to play a major role in transitioning to a lower-carbon future, while the cost of renewables, driven by advances in technology, have reached lower levels than ever before. Most serious predictions of the long-term global energy mix, however, see renewable energy contributing little over 15% in the next 20 years. In Asia, though, the winds of change are beginning to blow a little more firmly. The FT commented recently, in the absence of a serious consolidation of the renewables sector in Europe and the US, we may soon find that the worldwide transition to lower carbon economy is a project led by Asia.
South East Asia's appetite for energy will see its demand grow by an incredible two thirds in the next 20 years. By 2030, it is anticipated that the ASEAN will become the fourth largest energy consumer in the world. Across the region, a combination of dwindling domestic resources and environmental concerns are driving governments and the market to explore their energy options. While coal is set to play a role in ASEAN (5 ASEAN members are in the top 20 investors in new coal capacity), member states are increasingly developing policies that bring renewables and natural gas/liquefied natural gas (LNG) to the fore.
Many ASEAN countries have traditionally been LNG exporters, this is now reversing as these countries reserve ever increasing amounts of LNG for local use. Despite a lower than forecasted rise in LNG demand in recent years, the demand fundamentals in ASEAN remain strong and LNG demand in the region is expected to grow to fivefold (IEEJ, 2018), and in some predictions by as much as seven times (McKinsey forecast 76Mtpa), by 2030.
ASEAN has set shared target for renewables to form 23% of the energy mix by 2025, and while many will see this as ambitious, the International Renewable Energy Agency (IRENA) and the ASEAN Centre for Energy's (ACE) 2016 report showed this is achievable with significant potential from solar PV, wind power and geothermal capacity to contribute to the existing renewable power capacity.
Thailand, which is more than halfway to its targets for installed solar capacity for 2030, recently approved the Power Development Plan (PDP) 2018 - 2037, providing the framework for Thailand's future energy strategy and its continuous progress in transitioning to renewable energy. Under this new PDP, Thailand's power production capacity will increase by 67% by 2037, with 56,431 MW from newly installed capacity (of which 37% will be renewable power). By 2037, the country's power production is expected to come from natural gas (53 percent), non-fossil fuels (35 percent), and coal (12 percent).
In order to meet the region's growing needs for energy supply, transmission and efficiency, the IEA has estimated that US$2.7 trillion investment will be required. ASEAN nations must develop the policy and regulatory frameworks that will facilitate the transition to a lower-carbon future and encourage the international support and active participation of the private sector who are so vital to achieving successful outcomes. Integration and collaboration, meanwhile, are important tools in lowering energy costs, diversifying supply, and tapping into renewable and low carbon energy resources.
On 3-5 September 2019, Thailand, as ASEAN Chairman for 2019 will host the ASEAN Energy Business Forum (AEBF) in conjunction with the 37th annual ASEAN Ministers on Energy Meeting (AMEM) at the The Athenee Hotel, Bangkok, Thailand. The ASEAN Centre for Energy (ACE) and dmg events have been engaged by the Ministry of Energy, Thailand, to work in partnership in the delivery of this important meeting.
In an official letter of endorsement Dr. Sarawut Kaewtathip, Deputy Permanent Secretary and SOE Leader from the Ministry of Energy, Thailand states that "all regional and international stakeholders seeking to play a role in ASEAN energy future to officially support AEBF 2019 and highlight your business's position at the forefront of the region's energy transition, collaboration and integration."
Forum attendees are encouraged to participate in discussions and share their experiences and expertise with member states, through a series of one-to-one meetings, at a critical point in ASEAN's journey to a sustainable energy future.
For further information, do visit https://www.aebf2019.com/
About ASEAN Energy Business Forum:
The 37th ASEAN Energy Business Forum will be hosted by the Ministry of Energy, Thailand and held in conjunction with the ASEAN Ministers on Energy Meeting in Bangkok, on 3 - 5 September 2019.
ASEAN Energy Business Forum is the premier annual gathering of the ASEAN energy sector, enabling government officials, policy makers and global private sector organisations to engage in public-private partnership cooperation discussions and project development business collaboration meetings.
ASEAN Energy Business Forum will host distinguished Ministers and Government officials in addition to leaders from NOCs, IOCs, E&Ps, National Power Authorities, Utilities, LNG Suppliers, EPCs, Renewable energy pioneers and technology innovators from all 10 ASEAN member states and beyond.
The three-day single plenary commercial and policy conference programme features Ministerial-CEO dialogues, over 70 speakers and hosts over 500 international delegates. Bilateral one-to-one G2B and B2B meetings will run concurrently to the programme and multiple social networking activities will also take place including a Gala Dinner and the renowned ASEAN Energy Awards.
Established in 1999, AEBF has been running for twenty years.
About the co-organisers:
ASEAN Centre for Energy (ACE)
Established on 1 January 1999, the ASEAN Centre for Energy (ACE) is an independent intergovernmental organisation within the Association of Southeast Asian Nations' (ASEAN) structure that represents the 10 ASEAN Member States' (AMS) interests in the energy sector.
The Centre accelerates the integration of energy strategies within ASEAN by providing relevant information and expertise to ensure the necessary energy policies and programmes are in harmony with the economic growth and the environmental sustainability of the region. It is guided by a Governing Council composed of Senior Officials on Energy from each AMS and a representative from the ASEAN Secretariat as an ex-officio member. Hosted by the Ministry of Energy and Mineral Resources of Indonesia, ACE's office is located in Jakarta.
dmg events
dmg events is a leading organiser of face-to-face events and a publisher of trade magazines.
We aim to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business across multiple platforms. dmg events organises more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year. The company's portfolio of products includes many industry leading events such as The Big 5 construction shows, ADIPEC and Gastech energy events.
Founded in 1989, the company is headquartered in Dubai, UAE, and is a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT, www.dmgt.com), one of the largest media companies in the United Kingdom.
ExpoSis
ExpoSis Company Limited is 100% Thai registered company founded in 2013 to provide professional management service for exhibitions and conferences. The company was formed by a team of highly experienced professionals in international trade exhibitions. Our Experience includes trade exhibitions in various sectors, such as environment, energy, food, food ingredients, machinery, building & construction, defence and security. Our experience is also not limited to Thailand but in the ASEAN region including Cambodia, Indonesia, Myanmar, the Philippines and Vietnam. Our Service ranges from market study, marketing, sales, sales promotion, visitor promotion, database management, public relation and media planning, to logistics and operation both pre and during the event.
For further information, please contact:
Kathleen Rebello
kathleenrebello@dmgevents.com
+971 4 2483205
SOURCE dmg events
