Regional forum discusses rising energy demand
The members of ASEAN comprise the world's 5th largest economy, the third largest population and the 4th largest oil importer, all due to rapid economic development in recent years. Nguyen Quoc Thap, vice president of PetroVietnam, who is also chairman of the Viet Nam ASEAN Council on Petroleum Conference and Exhibition's National Committee, said that the ASEAN Economic community would be a reality by 2015. "The connectivity between our nations are being strengthened, resources are being shared, markets are being unified, creating challenges as the business environment becomes more and more competitive," he said. "We see the energy picture of the ASEAN countries as changing and posing challenges for the members of ASEAN council on petroleum. As the economy develops, the energy demand is rising at a high speed," Thap said. Thap said that "Because of conventional resource constraints, for the energy security of ASEAN countries, we have to move to unconventional oil and gas substitutes: deep water exploration, shale gas, coalbed methane and others, and go for the international investment market," Thap said. Pham Nhu Khanh, vice-president of PetroVietnam Exploration and Production Corporation, in his presentation, said that demand for oil and gas rose day by day from country to country, region to region. By 2030, in Asia, Mehmet Ogutcu, chairman of Global Resources Corporation in the Energy demand is growing strongly in Mehmet noted that ASEAN is expected to be the fourth largest oil importer in the world. This requires a sustainability-driven business model, and closer cooperation to cope with opportunities in the region as well as in the world. He encouraged more innovation in technologies for efficient exploitation of current conventional resources and exploration of unconventional resources both in the region and in the international market. Also, cooperation among ASEAN countries and with international players must be enhanced by sharing technological capabilities, experience and high-quality human resources. - VNS |
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