Asia’s energy ministers to tackle industry challenges

Economy October 18, 2017 01:00


THE Ministry of Energy will host the 7th Asian Ministerial Energy Roundtable with the participations of 36 energy ministers and 20 heads of international organisations from November 1-3 under the theme “Global Energy Markets in Transition: From Vision to Action”, at the Shangri-la Hotel.

The ministers will discuss the security implications of a potential energy market transition through comprehensive policy dialogue. The meeting underpins the development of the increasingly complex and dynamic relationships between energy producers and consumers in Asia and beyond.

They will share visions and implications of the energy markets- natural gas, renewable energy transition with advanced technology options, all of which will shape the world’s energy markets in the future.

According to Energy Minister Gen Anantaporn Kanjanarat, the gathering would be one of the biggest international platforms for energy producers and energy consumers to exchange views and informations and highlight the focus and interest in three main aspects: oil markets, gas markets, and disruptive technologies.

The meeting will discuss issues with updated information on the current energy situation in Asia, especially oil and the impact and influence of global issues on the Asia market, such as extensive agglomeration and closer cooperation among Opec member states and the recent unrest in many parts of the world affecting prices.

As for the gas market, especially LNG, the meeting will provide a dialogue between exporting economies such as Western Asian Countries and energy-importing economies such as China, Japan, Korea and Asean member countries on the way forward to a secure, stable and sustainable future for the oil and gas markets.

The forum will also look into the spread of disruptive energy technologies from fossils to cleaner and renewable energy. Highlights are the rise of Solar Rooftop, Electric Vehicle uses and Energy Storage System development. Today’s critical challenge is to ensure the momentum of such innovative energy technology and its transformation and to speed its progress.

Anantaporn said the Thai government would continuously play a role in ensuring long-term support in all stages of innovations to cope with future disruptive technology. Thailand is one of a few countries in Asia that has an explicit development of such a disruptive technology policy.

He said Thailand is recognised to be the Asean leader in renewables energy and energy efficiency. The country has an effective and predictable energy strategies and policies with clear goals and targets under Thailand‘s Energy 4.0 policy and Thailand Integrated Energy Blueprint (TIEB).