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'Exploring Short-term Solutions to the Global Gas Crisis' – G20 Energy Transition Working Group (ETWG) side event

Organized as a side event of the G20 Energy Transition Working Group (ETWG), the workshop aims at finding short-term solutions to stabilize the global gas market so that the world can continue to recover together and strongly, amidst the geopolitical crisis. Several principles need to be considered in elaborating those solutions:

  1. Energy security is central to the global energy and natural gas markets’ agenda. Consideration of long-term measures is important when formulating short-term measures to tackle the issues in the natural gas industry.
  2. Optimization of gas infrastructure and particularly storage capacities globally and securing natural gas supplies might assist consumers and producers to come on agreeable terms in the foreseeable future. Raising flexibility and robustness of natural gas supply value chains by the development of natural gas/LNG storage – underground storage or LNG storage tanks across the entire natural gas value chain – and deployment of FSRU (Floating Storage and Regasification Units);
  3. Investment in natural gas upstream to downstream is crucial for the stability of gas markets. It should thus be encouraged through adequate policies, and its financing should be facilitated.
  4. Russia is one of the largest world oil producers together with the United States and Saudi Arabia. The country has also the world’s largest gas reserves and it is the world’s largest gas exporter. Despite the current European energy crisis, energy diplomacy will be called to be intensified as the diplomatic solution is the only possibility.
  5. Energy transition should be managed in a very balanced way to enable the robust and secured energy mix to meet the current and future global energy demand. While ramping up the deployment of solar and wind and biofuels on one side, investment in hydrocarbons – more specifically in natural gas – with extensive use of CCUS - is also required, to ensure a smooth, secure, and just energy transition. The focus should be not on the complete phase-out of hydrocarbons but the gradual replacement in favour of the cleanest possible hydrocarbons – natural gas with CCUS, for example.
  6. Energy ‘access’ and ‘affordability’ is at the heart of the issue of economic and energy poverty in Africa and developing Asia. Developing nations must be given an opportunity to scale up the cheaper and cleaner sources of energy to enable their sustainable, inclusive, and equitable economic development and social progress. For instance, Africa is attributed for less than 3% of the world’s energy-related CO2 emissions currently with the lowest emissions per capita compared to other regions. Its historical emissions are even much lower.

The role of natural gas is therefore essential in achieving world recovery as this contributes to ensuring the fulfilment of basic energy needs, accelerating the energy transition process by switching from coal, complementing the flexible basic load needed by renewable electricity and co-firing with hydrogen and ammonia.

Nevertheless, the current natural gas supply shortage and price hikes are alarming. This could seriously affect not only the world energy security, but also the world energy transition progress as countries might opt to increase use of coal considered a cheaper fossil fuel, a clear step-back in the energy transition progress.

Event Details

  • Date: Monday, 29 August 2022
  • Time: 9 AM - 12:15 PM (Jakarta time, UTC+7)

Agenda

09:00 AM – 09:05 AM

Opening Remarks

  • Mr Yudo Dwinanda Priaadi, Chair of the Energy Transition Working Group G20 ETWG

09:05 AM – 09:25 AM

Keynote Speeches:

  • H.E. Arifin Tasrif, Minister of Energy and Mineral Resources, Republic of Indonesia, or Prof. Tutuka Ariadji, Director General of Oil and Gas, Ministry of Energy and Mineral Resources, Republic of Indonesia
  • H.E. Eng. Mohamed Hamel, Secretary General of GECF
  • Prof Hidetoshi Nishimura, President of ERIA

09:25 AM – 09:30 AM

Group Photo

09:30 AM – 09:50 AM

Proposed Short-term Solutions for the Current Gas Crisis 

  • Mr Hiroshi Hashimoto, Senior Analyst, Head of Gas Group, Fossil Energies & International Cooperation Unit, The Institute of Energy Economics Japan (IEEJ)

09:50 AM – 11:00 AM

Panel Discussion I : Importing and Exporting Countries' Perspectives and Reactions on the Proposed Solutions

Moderated by:

  • Mr Nanang Untung, Expert staff for Minister of Energy & Mineral Resources of the Republic of Indonesia (TBC)

Panelists:

  • Ms Latha Ganesh, Senior Assistant Director, Energy Market Authority, Singapore 
  • Ms Birgit Schwenk, Director General for Climate Action, Federal Ministry for Economic Affairs and Climate Action, Germany (TBC)
  • Mr Takeshi Soda, Ministry of Energy, Trade & Industry, Japan (TBC)
  • Qatar (TBC)
  • Egypt (TBC)
  • Mr David Higgins, General Manager, Intl Climate, Ministry of Energy, Australia (TBC)

11:00 AM – 12:10 PM

Panel Discussion II: Market Effects of Possible Short-term Solutions

Moderated by:

  • Prof Jun Arima, Senior Policy Fellow for Energy and Environment of ERIA

Panelists:

  • Jean-Baptiste Dubreuil, Senior Natural Gas Analyst of the International Energy Agency (IEA) or Keisuke Sadamori, Director, Energy Markets and Security (IEA) (TBC)
  • Christof van Agt, Director, Energy Dialogue, International Energy Forum (IEF) (TBC)
  • GECF expert (TBC)
  • An expert from the ASEAN Council on Petroleum (ASCOPE) (TBC)
  • Chong Zhi Xin, Director, South and Southeast Asia Gas, S&P Global (TBC)

12:10 PM – 12:15 PM

Conclusions & Way Forward

  • Mr Koji Hachiyama, Chief Operating Officer, Director General of Administration, Personnel, & Outreach Departments, ERIA

Register Now!

Starting Date

29 August 2022

Location

Bali, Indonesia

Contact Info

Ms Tri Muliani Manik


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