We have four key priorities:
Regional Energy Security and Transition Energy Security
- As Asia region’s strong economic growth continues, securing its energy needs will be critical. The improvement in living standards and broadening of economic development requires action in many areas of the energy supply chain.
- The region is more geographically and politically diverse than North America & Europe and possesses only 9% of world proved gas reserves. This makes energy security less certain and easily disrupted than in other regions.
- The additional demands of climate change, climate commitments by nations in the region and complex geopolitics make a multipronged approach necessary and provides an opportunity for ANGEA to add value to stakeholders in industry, Government and the community.
- Supply chains must be considered to allow access to technology for gas systems and renewable solutions that will factor into energy security considerations for consumers.
Regional Infrastructure Development
- There are dramatically different levels of energy infrastructure across the region. From the comprehensive LNG import and power infrastructure in Japan, Korea and Taiwan to countries with no gas import facilities and limited internal power and gas transmission systems.
- The interconnection of national power and gas systems, a fundamental building block of energy security, is also extremely limited. Cost and politics remain significant challenges to improving this.
- Development of human capital to support larger, more interconnected markets and infrastructure systems to provide energy security is critical in emerging markets.
- More established market players can support this levelling up with training, technical assistance and financial support.
- Work with governments to identify social development opportunities within the region
Regional Economic and Market Development
- The large investment required to complete the buildout of infrastructure and support energy transition will have to be sourced internationally at least in part for most markets.
- The investment climate and regulatory systems must support international investment or economic development will be severely restricted.
- Many less-developed markets face the challenge of moving from Government controlled indigenous fuel production, with associated energy subsidies and pricing distortions, to an energy market linked to international markets.
- The political difficulty of this transition is significant and requires expertise regarding market structure development and implementation.
Regional Climate and Environment Imperatives
- Natural gas is recognised as a complementary solution to environmental issues along with renewables and energy conservation.
- Natural gas remains an important part of the energy mix in many countries and will provide the basis for transition to a sustainable energy future.
- Lower carbon natural gas will assist regional Governments achieve climate policy objectives
- Customers, governments and communities are expecting the industry to deliver lower-carbon LNG solutions.