Singapore’s strategies to meet its energy challenge amid an uncertain global energy future
October 31, 2011 by Eugene Tay
Filed under Strategy and Leaders
Singapore is taking steps to address its energy challenge by diversifying energy mix, managing energy demand, and encouraging innovative technologies, amid an uncertain global energy future.
During his Opening Address at the Singapore Energy Lecture, which kicks off the annual Singapore International Energy Week (SIEW) 2011, Mr S Iswaran, Minister, Prime Minister’s Office and Second Minister for Home Affairs and Trade and Industry, shares Singapore’s three strategies in addressing its energy challenge, given its over dependence on energy imports and the need to secure reliable and affordable energy supplies.
Diversify Energy Supply
Mr Iswaran shared that the key thrust of Singapore’s energy strategy is the diversification of its energy supplies through Liquefied Natural Gas (LNG) and electricity imports. Singapore will also continue to explore other options like solar energy. Read more
IEA Chief Economist offers a look at our energy future
June 21, 2011 by Eugene Tay
Filed under Strategy and Leaders
The era of cheap oil is over, and policies fall short of what is needed for a secure and sustainable energy future, says Dr Fatih Birol, Chief Economist of the International Energy Agency, in his lecture titled “A Glimpse into the Energy Fututre” at today’s EMA Distinguished Speaker Programme. This lecture is jointly organised by the Energy Market Authority and the Energy Studies Institute.
Era of cheap oil is over
Dr Birol shares that the era of cheap oil is over because of structural changes, and there is growing risk that the upturn in oil prices could undermine economic recovery.
On the demand side, strong growth from the transportation sector due to booming demand for mobility in emerging economies drives up oil use. The global car fleet continue to surge as more people in China and other emerging economies buy a car. Read more
World Energy Outlook 2008 Launch in Southeast Asia
November 22, 2008 by Eugene Tay
Filed under Events
Speaker: Mr Nobuo Tanaka, Executive Director, International Energy Agency
Venue: Casuarina Room, Shangri-La Hotel, 22 Orange Grove Road, Singapore 258350
The Executive Director of the IEA will outline key data and policies from the 2008 edition of the World Energy Outlook (WEO), including new energy projections to 2030 (by region and by fuel type), and key issues such as prospects for oil and gas production, and post-2012 climate scenarios. Details and registration is available here.
Singapore Energy Conference: Assessing the Energy Landscape for Today and Tomorrow by Peter Schwartz
November 11, 2008 by Eugene Tay
Filed under Strategy and Leaders
Mr Peter Schwartz, Chairman of the Global Business Network and renowned futurist, gave a keynote address on “Assessing the Energy Landscape for Today and Tomorrow” at the Singapore Energy Conference held last week. He is also a member of the International Advisory Panel (IAP) on Energy set up by the Ministry of Trade and Industry (MTI) to “provide insights and perspectives on emerging trends in the global energy arena, and to advise on the strategic directions for the energy sector in Singapore”.
In his presentation, Mr Schwartz focused on five key questions for the energy future:
- How much will income grow?
- How much will efficiency contribute?
- What is the future of conventional oil and gas?
- How much will greenhouse gas matter?
- What is the future of low carbon technology?
These five questions will define how our energy future would look like. Let’s take a closer look at Mr Schwartz’s thoughts on the questions. Read more
