Over 300 delegates from the energy & natural resources sector joined in officially launching the Global Energy Institute for the Asia Pacific region on 25 April at the inaugural KPMG Global Energy Conference – Asia Pacific. Based in Singapore for the Asia Pacific region, the KPMG Global Energy Institute is also the first outside of the United States. The institute serves as a platform to facilitate knowledge-sharing and the flow of industry knowledge both into and out of the Asia Pacific region for energy sector executives.
The conference agenda included 10 sessions covering the opportunities for energy companies in Asia. The role of energy policy was covered by Tim Stone who brought his international experience working with governments around the world. The initial plenary panel discussed the role of energy companies in driving economic development and creating value in their own right. Panellists from PGN in Indonesia and Singapore Economic Development Board participated in the discussion. Gas is projected to become a fuel of choice and the emergence of LNG storage and trading in the region was discussed. The financing panel looked at challenges in meeting the huge investment gap for energy with executives from Singapore Stock Exchange, JP Morgan and representatives from the Japanese Bank for Economic Cooperation and The World Bank.
In the breakout sessions the challenges of optimising performance in a post cost constrained world was paired with a session on operational excellence with a focus on best practice in shared service centres in Asia. BP and Shell joined those sessions. Power sector specialists from KPMG in Japan led a session on smart grids looking at demand side management whilst a panel with international projects advisory expertise covered issues on containing investment costs and meeting mega project schedules.
Delegates included executives from international and national oil companies, power, mining, energy construction, as well as energy finance and government agencies. Joining them were national and trade media from print and TV from the Asia Pacific region. The Global Energy Institute launch was officiated by Mr S Iswaran, Minister in Prime Minister’s Office and Second Minister for Home Affairs and Trade & Industry in Singapore.
Pek Hak Bin, Partner in charge of the Global Energy Institute, KPMG in Singapore said “The Conference was an amazing launching pad for the Institute and helps place KPMG at the heart of issues being faced by decision makers in the sector. As the industry is tasked with meeting the growing demand for energy in Asia and challenges on the supply front being supported by unconventional oil & gas production, there are many issues such as the emergence of gas and Singapore’s role as a gas trading hub which continued to be discussed on the sidelines of the conference. ”