By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    16 hours ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    2 days ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    2 days ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    3 days ago
    UN Secretary-General Launches Report To Break “The Cycle Of Debt Distress”
    6 days ago
  • Africa
    Africa
    Show More
    Top News
    INTERPOL Rescues 56 West African Minors From Exploitation
    3 years ago
    Agenda Against Malaria: 7 African Heads of State Receive Excellence & Innovation Awards
    2 years ago
    Climate Change: Okonjo-Iweala Tasks African Nations To Embrace ‘Just Transition’
    2 years ago
    Latest News
    Ooni’s Wife, Olori Temitope Enitan-Ogunwusi Takes Ile Ife Royalty To ADWIN Launch In Cote d’Ivoire
    3 weeks ago
    Independent UN Body Finds Systemic Racism Against Africans And People Of African Descent
    3 weeks ago
    Public Exit: Why South Africa Businesses Are Moving To Private Cloud
    4 weeks ago
    Cameroon Tops List Of World’s Most Neglected Displacement Crises
    1 month ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    At Town Hall Meeting: Tinubu Assures More Money From Gas Deposits In Edo State
    2 years ago
    Sanwo-Olu
    Lagos Legends Club: Sanwo-Olu Deserves 2nd Term
    2 years ago
    Obasa Getting Support To Return As Lagos Speaker In 10th Assembly
    2 years ago
    Latest News
    Lagos LG Poll: Tunde Disco/Ganiyu Obasa Intensify Campaign In Agege
    6 days ago
    PHOTOS: Vinod Obasa Joins Other Lagos APC LG Candidates At Sanwo-Olu’s Reception
    1 week ago
    Lagos Lawmaker Praises Tinubu For Helping Nigeria Breathe Again
    3 weeks ago
    LG Election: Stakeholders Appeal To APC Not To Allow Chairmen Run For 3rd term
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Latest News
    2025 World Drug Day: CIKDAS, Flour Mills, Planet Bottling Company Partner To Combat Drug Abuse Amongst Youths
    3 days ago
    D2D Satellite Comms: Nigeria’s Space Research Agency Signs MoU With Chinese Firm, Galaxy Space
    2 weeks ago
    Substance Use Prevention In Focus As NDLEA, UNODC Unveil 2025 World Drug Day Activities
    2 weeks ago
    Benue: Stop the Killings, CAPPA Demands Immediate Action
    3 weeks ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    GOtv
    Yuletide: GOtv Improves Signal Quality In Abuja, Rivers State
    3 years ago
    It’s Easter Holidays with Top Entertaining Programs Showing from this Week on GOtv
    2 years ago
    Hi-Life Fest: Show Progresses With Six Contestants, Features Frederick Leonard As Guest Judge
    2 years ago
    Latest News
    The Drama Returns As BBNaija ‘No Loose Guard’ Reunion Premieres June 23
    2 weeks ago
    You Can’t Fake it — James Omekwe On MultiChoice’s Impact On African Filmmaking
    3 weeks ago
    Jkenova and Ellacentric Exit Nigerian Idol Season 10 In Emotional Farewell
    3 weeks ago
    MultiChoice Africa x African Storytelling: How Local Content Shapes Local Culture
    4 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    NCC, NICO To Leverage Telecom Channels To Promote Nigerian Cultural Heritage
    1 year ago
    Believe In Healing Power Of Blood Of Jesus – Bishop Tells Congregants
    2 years ago
    Lagos Seeks Strategic Partnership To Drive Tourism
    4 months ago
    Latest News
    Noble Call to Service: Inside the Induction of 104 New Knights of St. Mulumba
    2 weeks ago
    Joining The Knighthood Brings You Closer To God -Sir Eva Njemanze
    2 weeks ago
    Africa Tech Festival Unveils Strategic Themes For 2025 Event,
    3 weeks ago
    Lagos SWAN Joins UN To Celebrate World Nutrition Month At Unilag Confab
    1 month ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Unity Bank
    Unity Bank Empowers Young Entrepreneurs With ₦16M Business Grant
    11 hours ago
    NNPCL Board Accused Of Planning Lavish Party In Rwanda Amidst N210tn Financial Scandal
    2 weeks ago
    Can the African Energy Bank Transform the Continent’s Refining and Downstream Future?
    3 weeks ago
    Lagos Will Continue To Lead Initiatives That Accelerate Economic Diversification – Sanwo-Olu
    1 month ago
    Afreximbank
    Afreximbank Reports Strong Performance For Q1 2025 In Line With expectations
    1 month ago
  • Health
    Health
    Show More
    Top News
    Cholera Outbreak Over In Borno State
    2 years ago
    Short Night-time Sleep Linked With Nearly Doubled Risk Of Clogged Leg Arteries
    2 years ago
    Cancer Survivors Who Quit Smoking Have 36% Lower Cardiovascular Risk Than Continuers
    2 years ago
    Latest News
    Online Education Can Enhance Clinical Guideline Use By Over 50% 
    3 weeks ago
    The Hidden Lifeline – Blood Security And Africa’s Health Agenda By Dr Allan Pamba
    3 weeks ago
    Apepa or Arterial Blockage? The Urgency of Self-Care After 45 By Babafemi Ojudu
    4 weeks ago
    Roche Launches Diagnostics Operations In Nigeria,
    1 month ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Record-breaking Gathering As Gastech 2023 Begins In Singapore
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Business > Record-breaking Gathering As Gastech 2023 Begins In Singapore
BusinessConcert & Events

Record-breaking Gathering As Gastech 2023 Begins In Singapore

Last updated: 2023/09/05 at 11:26 AM
2 years ago
Share
Gastech 2023
SHARE

Gastech 2023, the world’s largest meeting place for natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies, opened today welcoming record-breaking numbers to Singapore EXPO.

The first day featured a range of insightful contributions from policymakers, CEOs, and business leaders on the multiple, interconnected challenges facing the global energy sector. Delegates discussed the critical role of natural gas, LNG, and hydrogen as key enablers of future energy security and accelerators of the energy transition, in Asia and beyond.

Speaking at the Gastech 2023 Gala Dinner at Raffles Hotel yesterday, Rt. Hon. Boris Johnson, former Prime Minister of the United Kingdom, Leader of the Conservative Party, Foreign Secretary and Mayor of London, said: “The complexity of today’s geopolitical and economic climates have left governments grappling with the dual challenge of addressing climate change and meeting increasing energy demand. This winter, businesses and families around the world face high inflation, high interest rates, and uncertainty over energy prices. At events like Gastech, the global energy community have a unique and important opportunity to align on collective action towards a cleaner, more affordable, and more secure energy future.”

This morning, H.E. Dr Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry, Singapore, welcomed attendees to Singapore at the Opening Ceremony: “The world is undergoing a profound energy transition, getting to net zero while preserving energy security and economic competitiveness. Moving forward, the demand for natural gas in Asia will only continue to grow. Singapore is committed to satisfying the region’s energy needs.”

- Advertisement -
Ad imageAd image

The Strategic Conference began with a high-level discussion between international energy ministers on how natural gas and LNG will enable the global energy industry to meet near-term demand for low-carbon energy. H.E. Tarek El Molla, Egypt’s Minister of Petroleum and Mineral Resources, shared valuable insights on the rapid expansion of natural gas and LNG in the region: “We have all agreed that natural gas is the best choice for the energy transition. Egypt has built on the momentum of COP27, but continued investment, as well as sustained cooperation among countries, is very much needed.”

Also speaking at the Gastech 2023 Ministerial Session, Hon. Joseph McMonigle, the Secretary General of the International Energy Forum (IEF) emphasised the need for inclusive dialogue on decarbonisation ahead of the COP28 Summit: “What we have learned is that this linear approach to net zero is an outdated approach that is not workable in many areas around the world. We need everyone at the table, and I hope that at this COP, we will focus on progress and not perfection. There are so many things we can do to make progress on climate change, and natural gas is going to help the world to decarbonise.”

A CEO panel was attended by industry heads from JERA Co., Inc, Baker Hugues, Woodside Energy, ADNOC, Mitsubishi Corporation and Pavilion Energy, focused on transforming global energy through collaborative business models and constructive partnerships. Speakers shared insights into the new business models being deployed to support a net zero energy future, with low-carbon solutions applied to the hard to abate industries.

Another high-level session saw business leaders from ExxonMobil, Eni, Chevron, Shell, and Vitol delve into the dynamic global LNG market, as a resilient industry with the potential to meet the demands of the future energy system. Participants discussed how Europe’s changing LNG needs are forecast to outpace global supply capacity until the middle of this decade, resulting in heightened levels of competition as Asian demand picks up.

Gastech 2023’s opening day also saw Venture Global LNG CEO Mike Sabel and Baker Hughes Chairman and CEO Lorenzo Simonelli announce Venture Global LNG’s long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100MTPA of LNG export capacity. To support this initiative, Venture Global LNG and Baker Hughes have together executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global LNG’s future export projects. 

“Venture Global LNG is thrilled to announce our long-term plan to expand LNG production both in and outside of Louisiana, building on the momentum of our first three projects – Calcasieu Pass, Plaquemines LNG and CP2 LNG,” said Mike Sabel, CEO of Venture Global LNG speaking following the announcement. “Now more than ever we are committed to our mission of delivering low-cost LNG at a larger scale to support the world’s growing demand for energy security, prosperity, and environmental progress. We are grateful for our continued partnership with Baker Hughes, a world leader in energy technology, and look forward to building on our successful collaboration in our upcoming projects.”  

You Might Also Like

Unity Bank Empowers Young Entrepreneurs With ₦16M Business Grant

African Coffee Exporters, The Pacific, Latin America, Southeast Asia Showcase At World Of Coffee Geneva 2025

NNPCL Board Accused Of Planning Lavish Party In Rwanda Amidst N210tn Financial Scandal

Africa Tech Festival Unveils Strategic Themes For 2025 Event,

Can the African Energy Bank Transform the Continent’s Refining and Downstream Future?

TAGGED: Gastech 2023
INadminNG September 5, 2023 September 5, 2023
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Troops Neutralise 6 Kidnappers, Arrest Gun Runners, Others
Next Article Registration for 2023 Lagos Street Soccer Championship Opens
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?