Defining a new agenda for decarbonisation with urgency: Leveraging creative models of collaboration for an accelerated journey to net zero

By 2030, the world will be home to an additional half a billion people, demanding more energy every year. At the same time the global challenge of climate change calls for urgent, game-changing solutions and partnerships to eliminate emissions. Every government, industry, business and individual has a role to play in decarbonising quicker, and creating the future of energy, faster, while safeguarding energy security and ensuring nobody is left behind. 

In the countdown to COP28, the energy industry will be required to realign, collaborate and re-present its value offering to global citizens as a trusted and qualified partner to tackle urgent climate priorities with pace and purpose. By leveraging the sector’s vast network and infrastructure, the ADIPEC Exhibition and Conferences is uniquely positioned to rally industries and diverse actors around the common cause of decarbonising, faster, together, accelerate collective action and credible solutions needed to tackle the biggest challenges in energy and climate.  

Moderators:

Simon Flowers

Chairman and Chief Analyst

Wood Mackenzie

Ed Crooks

Vice-Chair, Americas

Wood Mackenzie

Special guest:

Samantha Gross

Director, Energy Security and Climate Initiative & Fellow, Foreign Policy

Brookings Institution

Participants:

Dan Brouillette

President

Sempra Infrastructure

Alan Heng

Group CEO

Pavilion Energy

Marco Alverà

CEO

TES

Ganesh Ramaswamy

Executive Vice President, Industrial & Energy Technology

Baker Hughes

Hydrogen - unlocking the off-takers and market signals needed to secure demand

Hydrogen is critical for achieving net zero and eradicating scope 3 emissions in hard to abate industrial sectors. The Asia Pacific region is looking to hydrogen to decarbonise its young thermal power fleet and industry, set to become a key hydrogen offtaker and producer. Australia has emerged as a green energy hub for APAC and is driving the establishment of hydrogen supply chains across both Asia and Europe, while other major potential hydrogen export regions, such as North America and the Middle East, are also vying for market share.  

To maximise this opportunity, the region must cooperate on market design, ensuring learning from the gas and power sectors are brought to bear in the development of commercial structures and deployment of infrastructure – accelerating the region’s ability to unlock demand. The roll-out of the hydrogen economy also raises questions around how to balance decarbonisation, energy security and affordability. How will policy support an equitable transition across APAC? How will regional and global markets balance an accelerated roll-out with the lumpiness of infrastructure investment and supply and demand as hydrogen deployment scales globally? 

Moderators:

Melany Vargas

Global Head of Hydrogen Consulting

Wood Mackenzie

Flor Lucia De la Cruz

Principal Analyst, Hydrogen and Emerging Technologies

Wood Mackenzie

Special guest:

Anne-Laure de Chammard

Member of the Executive Board

Siemens Energy

Participants:

Jane Liao

Vice President

CPC Taiwan

Samer Khoury

Chairman

Consolidated Contractors Group

Marco Alverà

CEO

TES

Gonzalo Cabrera

Co-Lead of the Hydrogen Taskforce

The Association of International Energy Negotiators

Does the world need new models of cooperation in global gas markets?

The past two years have seen huge volatility in global gas markets, with unprecedented spot prices following Russia’s invasion of Ukraine. Gas markets are increasingly integrated as a result of the growth in LNG and more flexible contracts. This resulted in the supply shock that hit Europe reverberating around the world, causing access and affordability problems for consumers far from the original disruption. What new partnerships and models of co-operation can help mitigate these risks to energy security and support the long-term role of gas as a reliable fuel through the energy transition? Do gas-consuming countries need to forge new alliances, the way oil-consuming countries did after the crude price shock of 1973-74? Do we need to establish new forums for dialogue between LNG buyers and sellers, to help manage the market to achieve greater stability? Could the recent announcement of closer collaboration among two of the world’s leading LNG buyers be the foundation stone for broader and deeper cooperation? Are there models from other sectors that may serve as blueprint?  

Moderators:

Ed Crooks

Vice-Chair, Americas

Wood Mackenzie

Lucy Cullen

Research Director, APAC Gas & LNG Research

Wood Mackenzie

Participants:

Ronald Adams

Chief Executive Officer

Atlantic LNG

Csaba Marosvari

Deputy State Secretary for Energy Security

Ministry of Foreign Affairs and Trade, Hungary

Alberto Matucci

Vice President Gas Technology Equipment

Baker Hughes

Dr. Katan Hirachand

CEO and Chief Country Officer

Societe Generale India

The LNG supply/demand conundrum – achieving alignment on market fundamentals

The insatiable appetite for LNG volumes and the associated price volatility that characterised 2022, transformed supply and demand dynamics across the global LNG market, with multiple potential mid and long-term implications.  

With coal consumption on the rise, China’s gas/LNG demand growth trajectory comes into question, with significant implications for overall LNG market growth. China’s willingness to engage in long-term contracts could also influence the future shape of contracting models between sellers and buyers across the sector. As well as curtailing their spot purchases, extreme market volatility impacted the willingness of many emerging market buyers’ to bank on LNG as a vital component of their governments’ decarbonisation strategies in the medium term. It also brought into sharp focus the cost of LNG supply, and in aggregate highlighted the challenges the industry could face in dealing with a future gas/LNG demand curve that no longer always trends upwards, and the difficulties of new supply development in that environment.  In Europe, import capacity will increase by 40 bcm in 2023, but with governments under continued pressure to decarbonise at pace, the anticipated timeline for replacing natural gas with lower carbon fuels in Europe is unclear with significant implications for mid to long-term demand.  

Moderators:

Kristy Kramer

Vice President, Gas & LNG Reserach

Wood Mackenzie

Giles Farrer

Head of Gas and LNG Asset Research

Wood Mackenzie

Participants:

Iqbal Z Ahmed

Chairman

Pakistan Gasport Consortium Ltd

Steve Hill

Executive Vice President

Shell Energy

Thomas Thorkildsen

Chief Commercial Officer

Höegh LNG

Richard Holtum

Global Head of Gas and Power

Trafigura Group Pte Ltd

Julius D. Rone

Managing Director and CEO

UTM Offshore Ltd

Paul Varello

Founder and Executive Chairman

Commonwealth LNG

Hiroshi Hashimoto

Senior Analyst, Fossils Energies & International Cooperation Unit

IEEJ

Jouni Limiitaa

Head of Trading & Optimisation

GASUM

How will the gas and LNG industry make a step change in its decarbonising efforts?

Reducing emissions is a priority for the LNG industry. The industry must also address how it restricts upstream fugitive methane emissions and methane slippage in some vessel engines.  

A range of measures are already being evaluated, from responsibly produced gas to CCUS to more efficient engines in ships. All will take time to implement but are steps in the right direction. In parallel, standardising measurement and certification of emissions from each cargo are also being introduced.  

Incentives to decarbonise are stacking up. This year the EU has announced plans to include LNG shipping emissions within its Emissions Trading Scheme and a broader extension of the CBAM to tackle full value chain emissions associated with delivering gas to market is expected. This will ripple across the industry and force carbon pricing into wider LNG trade. Countries in Asia are introducing carbon taxation and Asian buyers increasingly want measures to monitor and mitigate emissions from LNG.  

The push to decarbonise opens the door to potential new business opportunities, including new technologies such as Blue Ammonia and eLNG, and searches for ways to transport, price and store its emissions.  

Moderators:

Giles Farrer

Head of Gas and LNG Asset Research

Wood Mackenzie

Lucy Cullen

Research Director, APAC Gas & LNG Research

Wood Mackenzie

Special guest:

Giulia Ferrini

OGMP 2.0 Manager

UNEP

Participants:

H.E. Eng. Mohamed Hamel

Secretary General

Gas Exporting Countries Forum (GECF)

Alessandra Pasini

Co-Founder & President

Zhero

Kahina Abdeli-Galinier

Business Director - Emissions Management

SLB

Harshit Agrawal

Senior Gas Specialist

World Bank

Dr Sanjay C Kuttan

CTO

Global Centre for Maritime Decarbonisation

Jérôme Malka

Member of the Executive Committee

ENGIE Global Energy Management & Sales

John Panikar

CEO - Asia Pacific and Executive Vice President

Linde

Marco Alverà

CEO

TES

Alessandro Bresciani

Senior Vice President, Climate Technology Solutions

Baker Hughes

Jennifer Hooper

Senior VIce President for Electrification, Automation, and Digitalisation (EAD)

Siemens Energy

Astrid Poupart-Lafarge

Global Segment President - Energies and Chemicals

Schneider Electric

Unlocking the full potential of East Mediterranean Low- Carbon Gas

Over a decade of natural gas discoveries in North Africa and the East Mediterranean have transformed the region’s potential as a prominent supplier and partner for gas thirsty markets, and with the recent establishment of the East Mediterranean Gas Forum, the region continues to advance diplomatic breakthroughs and strengthen international relationships. 

The geographical allure of the region, at the nexus of Europe, Asia and Africa, represents extensive export optionality across all member countries.  However, to fulfil the promise held by the region’s natural gas resources, EMGF and its members must lead from both a political and technical level to quickly determine the best options for reaching markets, either via LNG or pipeline, and then coordinate on policies and interconnections, whilst being mindful of investing in improved interconnectivity and lower-carbon technology that helps create a more sustainable and decarbonised future. 

This Roundtable will convene stakeholders to discuss the pivotal role of East Med and North African gas resources in mitigating the energy security challenge and supporting decarbonised energy markets. 

Moderator:

Simon Flowers

Chairman and Chief Analyst

Wood Mackenzie

Participants:

Clay Neff

President

Chevron International Exploration and Production

Alessandro Puliti

CEO

Saipem

Abdellatif Bardach

President / Chairman

MEDREG / Moroccan National Electricity Regulation Authority (ANRE)

Karem Mahmoud

Executive Chairman

GASREG

Samer Khoury

Chairman

Consolidated Contractors Group

Hasan Ozkoc

Director

MEDREG Secretariat

Alberto Matucci

Vice President Gas Technology Equipment

Baker Hughes

Astrid Poupart-Lafarge

Global Segment President - Energies and Chemicals

Schneider Electric

Global policy: how are governments shaping the outlook for gas and LNG?

Gas is at the intersection of energy supply security and decarbonisation efforts, allowing for market resilience, reduced reliance on coal and optionality to scale up low-carbon gases solutions. Governments have the opportunity to evolve policy in order to incentivise investments in supply, long-term contracts and infrastructure build-out to ensure supply availability to meet rising demand. But at the same time in many developed economies there will be pressure on them to accelerate the delivery of commitments made at recent COPs around global climate policy, which could impact the role of gas as a primary energy source in the long term. For now, rising natural gas demand in parts of Asia alongside EU efforts to replace Russian gas will continue to underpin LNG demand growth, requiring investments in new LNG developments. Governments have a key role to play to accommodate a just and orderly transition to a low-carbon future. Gas provides a readily available solution and the optionality to scale up to low-carbon gases. But how Governments will step into the role individually and collectively remains open to discussion at a time when energy sources face increasing geopolitical challenges.

Moderator:

Mangesh Patankar

Director, Gas and LNG Consulting

Wood Mackenzie

Massimo Di Odoardo

Vice President, Gas and LNG Research

Wood Mackenzie

Participants:

Fernando Moura Alves

Director

National Agency for Petroleum, Natural Gas and Biofuels of Brazil (ANP)

Marco Alverà

CEO

TES

Elio Ruggeri

Director of LNG and Chairman

Snam and OLT Offshore LNG Toscana

Shehryar Omar

Chief Executive Officer

Petroleum Institute of Pakistan

Matt Armstrong

VP, Global Government & Regulatory Affairs

Baker Hughes

China and its impact on global LNG and low-carbon hydrogen

With Mandarin-English Translation

With domestic coal demand and carbon emissions continuing to rise, a growing role for gas in China has never been more critical. But what remains uncertain is the pace and scale of China’s gas demand rebound and its impact on global LNG markets.  

Given the pace of long-term contracting in recent years, China is expected to remain the market-defining buyer of uncontracted LNG. But what does this mean for the industry as China potentially seeks to redefine how LNG is developed and contracted? Indeed, what does China really want from its LNG suppliers and – in the future - from its low-carbon hydrogen suppliers?  

With growth comes influence, and it is likely China is already on a pathway to replacing Europe as the global LNG balancing market. It seems certain that with China’s appetite for LNG returning, the industry’s future is unlikely to resemble its past. 

Moderators:

Miaoru Huang

Research Director, Asia Pacific Gas & LNG

Wood Mackenzie

Gavin Thompson

Vice Chairman, Energy - Asia Pacific

Wood Mackenzie

Participants:

Graham Gilles

VP Asia Pacific

Baker Hughes

Financing the transition: How are capital flows to innovations in climate technologies shifting in the wake of the global energy crisis

Energy companies are expected by stakeholders to keep the lights on and meet investors’ demands for growth and returns, while also investing in the low-carbon supply of the future. Is capital discipline hindering the gas industry from making the investments that will be needed to meet future demand? As governments step up incentives for low-carbon technologies, how can gas continue to play a role in the transition? Can gas capture its share of the US$x trillion a year that will be invested in energy over the coming decades? How can governments and the industry build stronger partnerships to achieve their goals for supplies that are reliable, affordable, and clean? Can boardrooms get the balance right between building a sustainable future for gas and keeping investors happy?  

Moderator:

Simon Flowers

Chairman and Chief Analyst

Wood Mackenzie

Kristy Kramer

Vice President, Gas & LNG Reserach

Wood Mackenzie

Participants:

Yves Vercammen

Chief Corporate Officer

TES H2

Samantha Gross

Director, Energy Security and Climate Initiative & Fellow, Foreign Policy

Brookings Institution

Nick Milne

Managing Director – Upstream Energy Capital

Macquarie Bank

Chris Barkey

Chief Technology Officer – Industrial & Energy Technology

Baker Hughes

Dorian Delteil

Executive Director, Energy, Renewables & Infrstructure

DBS Bank

Will LNG trading redefine the global gas market landscape?

LNG is evolving into a globally traded and more liquid commodity, bolstered by continued growth in flexible LNG supply and adaptation to diverse demand requirements. The dramatic events of the past three years have highlighted the defining role that trading can play in moving LNG where needed, helping to balance the market. But while this has created opportunities for many, it has also brought challenges around managing risk as volatility has increased.   

Europe emerged as the biggest LNG market for spot trade as replaced Russian gas imports. As prices have eased, Asian buyers are back in the spot market, emphasising the region’s role as a traded LNG market and the importance of hub prices. It is apparent that successful trading strategies require access to supply and infrastructure globally, as players look to take advantage of price movements across markets and basins.  

 Some major LNG players have stepped up their in-house trading capabilities while trading houses are also becoming key market players. But it remains to be seen whether more companies will follow. Ultimately, the number of players that embrace LNG trading will be a defining element of the ever-evolving LNG business.  

Moderator:

Massimo Di Odoardo

Vice President, Gas and LNG Research

Wood Mackenzie

Giles Farrer

Head of Gas and LNG Asset Research

Wood Mackenzie

Participants:

Mr Ralf Dickgreber

Chief Executive Officer - LNG

ENGIE Global Energy Management & Sales

Thorbjörn Fors

Senior Vice President and Managing Director, Asia Pacific

Siemens Energy

George Nemeth

Chief Commercial Officer

Commonwealth LNG