Gastech 2023 Hopes to Achieve Consensus and Cross-Border Collaboration in the Asian Energy Sector

Gastech 2023, taking place at Singapore Expo from 5-8 September, promises to deliver actionable trade, knowledge sharing, and engagement opportunities for the future of Asia’s energy industry.

The event will focus on the role of Natural Gas, LNG, Hydrogen, and Climate Technologies in driving the transition toward a low-carbon energy future.

As the largest conference and exhibition of its kind to take place in Asia this year, Gastech 2023 will be a pivotal turning point for the region’s energy outlook as it looks to achieve consensus between nations and foster bilateral trade regionally and internationally.

Asian nations face the challenge of meeting economic growth targets, and the energy needs of growing populations, while also adhering to net zero pledges. The region is also ripe with opportunities for natural gas trade as it seeks to wean itself off coal as its main energy source.

With energy demand expected to have tripled by 2040, and with Asia home to more than half of the world’s population, ASEAN, and Asia more broadly, has a pivotal role to play in achieving the global energy transition. 

Critical Role For Gas and LNG

Many regional governments are already exploring and utilising LNG as a cost-effective bridge fuel between their current reliance on coal and the transition to low-carbon solutions. Following the successful implementation of LNG in Japan and Korea, new markets such as China, India, Indonesia, and the Philippines, have recently started to introduce gas into their import markets, and are driving demand across the region.

With these priorities in mind, Gastech’s gathering of the global energy industry’s key decision-makers and investors will serve to offer solutions to the challenges which have hindered cross-border energy investment in Asia in recent years, such as inadequate export-oriented infrastructure, and unrealistic price expectations from importing countries.

As those countries seek to build the right frameworks to boost bilateral trade, Gastech’s strategic conference agenda will highlight the need for increased focus on expanding energy supply, aligning on realistic expectations of energy costs, and implementing more efficient legal and regulatory frameworks.

With a global energy audience of 40,000+ in attendance, including industry professionals, investors, and potential partners, Gastech participants will have the chance to forge valuable connections, explore new markets, and expand their reach internationally.

Paul Everingham, Chief Executive Officer, Asia Natural Gas and Energy Association (ANGEA), said: “Successful energy transition in Asia relies on collaboration across borders. It’s fantastic to have an event like Gastech in Singapore, bringing together global stakeholders to discuss opportunities in energy transition, including bilateral trade initiatives that can be facilitated by 16 international country pavilions. The Asia Natural Gas and Energy Association and its members are delighted to support Gastech 2023, given the critical role gas and LNG will play in supporting energy security and decarbonisation across the region for decades to come.”

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