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Prospects for Gas-to-Power in Asia

Singapore |
Speakers include:
Andrew Ward

Andrew Ward

Financial Times

Bernard Sheahan

Bernard Sheahan

IFC

Erramon  Aboitiz

Erramon Aboitiz

Aboitiz Power

Overview

As Asian governments strive to meet their growing electricity generation needs, they face critical fuel choices. Low-cost and abundant coal retains appeal but concerns are growing in the region about its air pollution and climate effects. Natural gas, with its potential to provide clean-burning and flexible baseload power that complements renewable energy, has an important role to play in this context. Unlocking the potential of gas-to-power in Asia is a significant opportunity that will require investment in upstream development, pipelines, LNG infrastructure and storage. 

The FT-IFC Forum on Natural Gas in Asia's Power Mix will examine the value proposition of gas-to-power within the Asian energy sector and connect key players in this space. Regional industry leaders, utility operators, project developers, regulators, institutional investors, and infrastructure financiers will discuss opportunities in gas development across Asia, drawing from global trends and market dynamics. 

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fallback Add to my Calendar 12/08/2016 12:30:0012/08/2016 18:30:00falseProspects for Gas-to-Power in AsiaAs Asian governments strive to meet their growing electricity generation needs, they face critical fuel choices. Low-cost and abundant coal retains appeal but concerns are growing in the region about its air pollution and climate effects. Natural gas, with its potential to provide clean-burning and flexible baseload power that complements renewable energy, has an important role to play in this context. Unlocking the potential of gas-to-power in Asia is a significant opportunity that will require investment in upstream development, pipelines, LNG infrastructure and storage. The FT-IFC Forum on Natural Gas in Asia's Power Mix will examine the value proposition of gas-to-power within the Asian energy sector and connect key players in this space. Regional industry leaders, utility operators, project developers, regulators, institutional investors, and infrastructure financiers will discuss opportunities in gas development across Asia, drawing from global trends and market dynamics. Prospects-for-Gas-to-Power-in-Asia9f95e7b22ad3682447ce6458daa46408MM/DD/YYYY

Chair (1)

Andrew Ward

Andrew Ward

Energy Editor
Financial Times

Andrew Ward is the FT’s Energy Editor, leading global coverage of the oil and gas industry, power generation and related policy and geopolitical issues. Before taking up his current role in June 2016, Ward was Pharmaceuticals Correspondent, reporting on life sciences, medical technology and healthcare.

Prior to this, Ward was UK News Editor, leading the news desk responsible for the FT’s coverage of UK politics, policy and economics. Previously, Ward served the FT in a number of foreign reporting roles. He was the Nordic bureau chief responsible for coverage of eight countries – Sweden, Norway, Finland, Iceland, Denmark and the three Baltic states of Latvia, Estonia and Lithuania.

Ward has also been the White House correspondent, during which role he covered the George W. Bush administration and the 2008 presidential election campaign. Before moving to Washington, Ward covered business and politics in the US south-east as Atlanta Correspondent. Between 2001 and 2004, he served as Seoul Correspondent, reporting on North and South Korea.

Ward joined the FT in 1999 as a graduate trainee in London and was appointed Media Correspondent in 2000. Ward received his B.A. in Politics and Modern History from the University of Manchester, UK.

Follow Andrew Ward on twitter: @andrew_ward1

Speakers (13)

Bernard Sheahan

Bernard Sheahan

Global Director of Infrastructure and Natural Resources
IFC

Bernard Sheahan is Global Director of Infrastructure and Natural Resources at IFC, the largest global development institution focused exclusively on the private sector. He is responsible for IFC’s investments in power, transport, utilities, and extractive industries. Mr Sheahan joined IFC in 1986, and has previously served as Director of IFC’s Infrastructure Advisory Department and IFC’s Director of Strategy. He holds a Bachelor’s degree from Dartmouth College and an MBA from Harvard University.

Erramon  Aboitiz

Erramon Aboitiz

CEO
Aboitiz Power

Erramon Aboitiz is the President and Chief Executive Officer of Aboitiz Equity Ventures, and holds the same position for Aboitiz & Company Inc. He is also the Chief Executive Officer of Aboitiz Power Corporation. He holds senior positions, to include Chairman of the following companies: Aboitiz Renewables, Inc; Therma Power, Inc; SN Aboitiz Power; Subic EnerZone Corp; San Fernando Electric Light and Power Co; Aboitiz Foundation, Inc and Aboitiz Land, Inc. In addition, Mr Aboitiz is Director of Union Bank of the Philippines, Pilmico Foods Corp, Davao Light & Power Co, Cotabato Light and Power Co and Philippine Disaster Resilience Foundation, Inc. Mr Aboitiz received a Bachelor of Science degree in Business Administration, majoring in Accounting and Finance from Gonzaga University, Spokane, USA.

Mario  Savastano

Mario Savastano

Executive Vice President, Business Development
ENGIE Asia-Pacific

Mario Savastano is Executive Vice President, Business Development of ENGIE Asia-Pacific, a position he has held since July 2014. He is based in Bangkok. Since he joined ENGIE in 1999, Mr Savastano has held a number of positions in the company. He served initially as a Senior Business Developer in Thailand. In 2003, he became Senior Vice President, Business Development, in charge of developing energy projects in Middle East and North Africa, based in Dubai. He, amongst others, led the consortium that won the Barka 2 greenfield and the Al-Rusail acquisition projects in Oman, which he then managed as CEO of the SMN Group of companies from 2006, based in Muscat. He came back to Dubai in August 2010 to be Executive Vice President, Asset Management for Construction of ENGIE, South Asia, Middle East and Africa. Prior to joining ENGIE, Mr Savastano served for eight years in proposal and commercial positions in the energy division of Cockerill Mechanical Industries in Belgium, supplying boilers for power plants worldwide. He has 25 years of technical, commercial and managerial experience in the international power business; he also has a Master’s Degree in Mechanical Engineering from the Catholic University of Louvain (Belgium), and Executive Education at the INSEAD Business School (France and Singapore).

Ane  de Ariño

Ane de Ariño

Director, Business Development Asia, India & North Africa
Gas Natural Fenosa

Ane de Ariño is Director Business Development Asia, India & North Africa for Gas Natural Fenosa Group, a position she has held since 2014. In this role, she is responsible for the origination and development of new business opportunities in North Africa, India and the Asia Pacific region. Prior to this, from 2007 to 2013, she was responsible of the Strategy and Commercial Optimisation at Stream, Repsol & Gas Natural’s joint venture for of their joint management of LNG. In 2001 she joined Gas Natural SDG, where she was involved in the restructuring of the International Division’s portfolio, and in leading the European expansion project. From 1999 to 2001, Ms de Ariño worked in the Gas & Power department of Repsol’s Supply and Trading Division, with responsibilities for Gas Supply & Logistics. She began her career at Repsol in this division, specialising in trading and shipping optimisation. Ms de Ariño graduated with a degree in Economics in 1991, and in 2001 she took a MDP at IESE Business School.

Lance  Crist

Lance Crist

Global Head of Natural Resources
IFC

Lance Crist is Global Head of Natural Resources for IFC, the private sector arm of the World Bank Group. Mr Crist leads IFC’s financing and advisory services teams responsible for supporting the oil, gas & mining sectors. IFC’s $3 billion investment portfolio in these sectors includes about 70 energy & natural resource companies in over 35 countries across the emerging markets. IFC’s financing includes investments in equity, mezzanine and senior debt; and the advisory services team provides support across a range of areas to assist clients in enhancing their sustainability. Mr Crist is also a member of the EMPEA Private Equity Energy Council. He joined IFC in 1992 and has managed advisory mandates, project and corporate finance, and private equity transactions in the areas of general manufacturing and telecommunications. He earned a BA. from Cornell University, and an MBA from the Wharton School.

Tan Cheng Guan

Tan Cheng Guan

Executive Vice President & Head Group Business Development & Commercial
Sembcorp Industries Ltd.

Tan Cheng Guan is responsible for business development at Sembcorp Industries and drives the expansion of the Group's energy and water businesses globally. He brings with him broad experience in strategy, business and project development for the utilities industry. Mr Tan started his career with Sembcorp in 1990 and was Managing Director of Vopak China based in Shanghai between 2004 to 2007. During his time at Sembcorp, Mr Tan has pioneered the early development of the Group's Utilities business on Jurong Island and led the business' expansion into China, India, the UK, the Middle East, Myanmar and Bangladesh. In addition, he led the acquisition of Sembcorp’s renewable energy businesses in China and India, as well as the acquisition of Cascal’s international municipal water business. Prior to joining Sembcorp, Mr Tan spent 12 years in engineering and project management for the oil and gas sector at Brown Root Far East, working for the company in London, Kuala Lumpur and Miri, Sarawak. Mr Tan holds a Bachelor of Civil Engineering (Honours) from the University of Liverpool, UK and completed the Advanced Management Programme at Harvard Business School.

Muhammed Aziz Khan

Muhammed Aziz Khan

Chairman
Summit Group

Muhammed Aziz Khan is the founder of Summit Corporation and Summit Holdings Ltd. Summit Group is the largest infrastructure group in Bangladesh and employs over 7000 people with assets of about US$3bn. Under Mr Khan’s leadership, Summit has invested in a plethora of infrastructure sectors including energy, ports, IT, shipping and hospitality.

Summit Power, a subsidiary of Summit Group, generates 1500 megawatts of electricity and is Bangladesh’s largest private sector power producer. Summit, through its subsidiaries, also set up the country’s first private off-dock port facilities, largest in the private sector and is also the first company to lay nationwide fibre optic telecommunication transmission network. A number of Summit Corporation’s subsidiaries are listed in the Dhaka and Chittagong Stock Exchanges with a market capitalisation of US$1.2bn. Mr Khan is also the Chairman of Summit Asia Pacific Pte. Ltd. and Power International Pte. Ltd. Both companies are incorporated in Singapore with the goal to expand Summit’s investments and activities in the Asia Pacific region.

James MacTaggart

James MacTaggart

General Manager Developing Gas Markets Asia, India and MENA
Shell Trading

James MacTaggart is the General Manager New Markets Asia, India and MENA in Shell’s global Gas and Energy Marketing & Trading business, headquartered in Singapore. Mr MacTaggart is accountable for Liquefied Natural Gas (LNG) regasification terminal developments, small scale LNG market development, and growth of the natural gas markets behind LNG regas terminals, for Middle East, India and Asia Pacific markets. Mr MacTaggart has been working in the gas and LNG commercial business for over 20 years, across a diverse geography, and both inside and outside of Shell.

Prior to his current role as General Manager New Markets, he has held a number of roles including; Team Lead Supply Asia Pacific for Shell Trading in Singapore, Lead Negotiator for Shell Trading in Dubai, Commercial Manager for Persian LNG in Tehran and Deputy General Manager in Sakhalin LNG Marketing Services in Tokyo. Mr MacTaggart has a MBA with Distinction from Cass Business School (City of London) and an honours degree in classical and modern Chinese from the School of Oriental and African Studies, University of London.

Karthik  Sathyamoorthy

Karthik Sathyamoorthy

President
Galway Group

Karthik Sathyamoorthy is the President at Galway Group and has the overall responsibility for Galway’s operations globally. Before joining Galway Singapore in 2011, Mr Sathyamoorthy had an extensive gas and LNG transactional and commercial experience working for Wood Mackenzie, HSBC and Crisil. Mr Sathyamoorthk has managed consulting assignments relating to the development of new LNG import terminals, small scale LNG, LNG ship scheduling, contracting and commercial negotiations across South East Asia, North Asia and Middle East. Other assignments have included Pan-Asian and country-specific gas strategies; LNG procurement studies; Gas/LNG pricing studies and storage studies. Mr Sathyamoorthy holds a degree in Electrical Engineering e and an MBA in Oil and Gas Management.

John  Sattar

John Sattar

Senior Natural Gas & LNG Consultant
Poten & Partners

John Sattar is a Senior Natural Gas & LNG Consultant with Poten and has eighteen years’ experience in consulting and financial investment, including eleven years in the LNG sector with Poten, five years in downstream gas markets, and two years in US equity and bond markets. Mr Sattar provides advice on economic and commercial matters across the full LNG value chain, from the wellhead to point of sale in downstream markets. He has worked with LNG buyers, project sponsors, developers and financial institutions. These include independent and international oil companies, national oil companies, power utilities, corporate and multi-lateral lenders and trading companies. Mr Sattar was previously based in London and relocated to Singapore in April 2012. He holds a degree in Economics & Politics from the University of Bristol, England.

Kerry Anne  Shanks

Kerry Anne Shanks

Head of APAC Gas and LNG Research
Wood Mackenzie

Kerry Anne Shanks leads Wood Mackenzie’s Asia Pacific Gas and LNG Research analysis. She has worked for Wood Mackenzie since 2004 in both London and Singapore, in both the consulting and research practices. A recognised expert on the dynamics of gas and LNG markets, as well as the evolution of the global gas market, Ms Shanks has led a broad spectrum of consulting engagements around the world. Project-specific engagements include support on strategy studies, gas and LNG pricing disputes and due diligence on major gas and LNG project-finance transactions. Ms Shanks joined Wood Mackenzie from Shell, where she worked in business development. Ms Shanks has an Honours degree in Mathematics and Finance from Waikato University, New Zealand.

Lubomir Varbanov

Lubomir Varbanov

Head of New Business for Infrastructure and Natural Resources, Asia Pacific
IFC

Lubomir Varbanov is Head of New Business for Infrastructure and Natural Resources, Asia Pacific at the International Finance Corporation (IFC). Mr Varbanov has over 20 years of industry and investment experience in emerging and developed markets, and has led and advised on over US$5 billion of investments in all infrastructure sub-sectors worldwide. Prior to assuming his current position, he headed the Global Equity Group for IFC Infrastructure and Natural Resources and earlier worked in a progression of origination, execution and portfolio management roles in IFC’s Petrochemicals, Financial Markets and Oil & Gas teams. Before IFC, Lubomir was Head of Corporate Finance at energy multinational BG Group in London. Mr Varbanov holds a BA in Business Studies and Languages from Regent’s College, London and an MSc in Finance from London Business School.

Karlman  Tham

Karlman Tham

General Manager, Business Development Asia
Excelerate Energy

Karlman Tham is General Manager of Excelerate Energy Singapore and heads the business development for Asia. Recently, Mr Tham negotiated and closed the FSRU Terminal User Agreement with Petrobangla in Bangladesh. Prior to joining Excelerate Energy, he was General Manager of the Indonesian office for one of the top three global oil & gas engineering, procurement, and construction (EPC) firms building refineries, chemical & petrochemical and gas plants.

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Why Attend?

  • Hear industry leaders identify the incentives and solutions needed to advance gas-to-power development in South Asia and East Asia
  • Find out how gas market dynamics could impact prospects for critical infrastructure 
  • Learn the backstory of successful gas-to-power projects in Asia and other regions
  • Discuss the role of gas in the context of growing momentum for renewables following COP-21
  • Discover how financiers and investors are adjusting their strategies in light of LNG trends
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Who Attends?

This is a closed-door, invitation-only event. Senior executives with responsibility for gas and related infrastructure in Asia at a global, regional or country level, drawn from:

  • Upstream Oil & Gas Companies
  • Midstream Gas Companies 
  • LNG and Gas-to-Power Project Developers 
  • Utilities and Power Companies
  • Infrastructure Financiers and Institutional Investors
  • Government Decision-Makers and Energy Regulators
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Agenda - 8th Dec

  • 12:30pm
    Arrival, Light Refreshments
  • 1:30pm
    Opening Remarks from the FT Chair

    Andrew Ward, Energy Editor, Financial Times

  • 1:35pm
    Scene-Setter: The Changing Value Proposition of Natural Gas as a Source of Power

    Emerging market governments face critical choices as they strive to meet their growing energy needs and address climate change. Rapidly evolving technology costs and availability adds new complexity to these choices with long-term economic implications. Natural gas, with its potential to provide clean-burning and flexible baseload power that complements renewable energy, has an important role to play in this changing context.

    Bernard Sheahan, Global Director of Infrastructure & Natural Resources, IFC in conversation with FT's Energy Editor, Andrew Ward

  • 2:15pm
    Panel 1: The Role of Gas in Asia’s Power Mix: Opportunities for Scale-Up Across the Region

    Coal is inexpensive and abundant in Asia, and many countries plan to build new coal-fired power plants to meet increasing demand for electricity. But natural gas is about half as carbon intensive as coal and the growth of liquefied natural gas (LNG) markets and Floating Storage Regasification Units (FSRUs) have made it increasingly accessible across the region. This kind of market development as well as trade using gas pipelines and electricity transmission lines is allowing Asian countries to take advantage of both indigenous gas resources and global markets more readily and at lower economic cost.

    For discussion:

    • To what extent can natural gas displace coal as a power source in Asia? What are the market prospects in a higher-price scenario for gas?
    • Where are the market opportunities greatest for gas-fired power?
    • How are international trade dynamics influencing natural gas and LNG markets?

    Moderator:

    Lance Crist, Global Head of Natural Resources, IFC

    Panellists:

    John Sattar, Senior Natural Gas & LNG Consultant, Poten & Partners

    Kerry Anne Shanks, Head of APAC Gas and LNG Research, Wood Mackenzie

    Karthik SathyamoorthyPresident, Galway Group 

    Mario Savastano, Executive Vice President Business Development, ENGIE Asia-Pacific

  • 3:00pm
    Networking Coffee Break
  • 3:15pm
    Country Perspectives: Transformations from Natural Gas Development and LNG Imports

    Moderator: 

    Andrew Ward, Energy Editor, Financial Times

    Panellists: 

    Muhammed Aziz Khan, Chairman, Summit Group

    Erramon Aboitiz, CEO, Aboitiz Power

     

     

  • 4:00pm
    Panel 2: Insights from Developers : Realities of Developing Gas-to-Power in Asia

    Readily available natural gas could reduce the attractiveness of coal for many Asian countries. But a number of hurdles will need to be cleared to make this transition possible, including market reforms and increased energy infrastructure investment. For discussion:

    • What market reforms are needed to support the quick deployment of gas as a power source?
    • What are the key bottlenecks, and where is additional energy infrastructure investment required to unlock development of this market, and where are financing needs most critical?
    • What obstacles are developers encountering in Asia’s gas-to-power space?

    Moderator:

    Lubomir Varbanov, Head of New Business, Infrastructure and Natural Resources, Asia Pacific, IFC

    Panellists:

    Tan Cheng Guan, Executive Vice President & Head, Group Business Development and Commercial, Sembcorp 

    Ane de Ariño, Director, Business Development Asia, India & North Africa, Gas Natural Fenosa Group

    Karlman Tham, General Manager, Business Development Asia, Excelerate Energy

    James MacTaggart, General Manager Developing Gas Markets, Asia, India and MENA, Shell Trading

  • 5:00pm
    Closing Remarks from the FT Chair
  • 5:15pm
    Close of Forum & Drinks Reception

Presented by (2)

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity.

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 840,000. Mobile is an increasingly important channel for the FT, driving more than half of total traffic.

Venue

Four Seasons Hotel Singapore
190 Orchard Blvd
Singapore 248646

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Accommodation

For accommodation options located near the venue, please click here

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Contact us

Funmbi Adenubi
Delegate Booking and Registration Enquiries
Financial Times
Michael Lundby
Marketing And Media Enquiries