The Singapore International Energy Week (SIEW) is an annual platform for energy professionals, policymakers and commentators to discuss and share best practices and solutions within the global energy space. Since it started in 2008 it has promoted the exchange of ideas and discussions of the latest energy-related issues. There are opportunities for networking and deal making, and it provides a platform to showcase innovative products and solutions in the energy marketplace.
Seeing the future in Singapore
I was one of four from Wood Mackenzie who headed out to the 2016 event. I met some fantastic delegates and heard some great insights into the market. It was an amazing opportunity to network and showcase what we’re great at – research, analysis and insight.
I joined a panel session called ‘Financing Asia’s Electricity Sector 2035: Making it Happen’. The session was organised to launch a new book of the same name, which Wood Mackenzie contributed to. (You can read more about the book here.)
The key topics discussed were:
- What’s needed to finance renewables in South East Asia? What lessons can the region learn about the role of renewables in the mix from other countries?
- Why hasn’t there been a role for private equity in South East Asian power so far?
- Is power market liberalisation a good thing? This was a key topic of discussion around my paper on Japan’s liberalising power market.
The panel took place within the context of the massive investment requirements in Asian power and the recognition that it’s one of the current bright spots of global energy. It was a lively panel discussion with knowledgeable panellists and interesting insights into the market.
What’s next in Singapore?
We heard from Singapore’s Minister for Trade & Industry, Mr S Iswaran. He talked about the plans for developing Singapore as an LNG hub. His presentation and projections included data from Wood Mackenzie. It was a great feeling to be part of the process for defining the future of the LNG market in South East Asia.