Event Background

Why should attend?
The past 2006 has seen market featured as supply shortage and rising price due to the mismatch between regasification facilities and liquefaction development schedule. The combination of increased demand and production shortfall in Indonesia and Malaysia have turned Asia buyers looking into world elsewhere to obtain needed gas supplies at a higher price. Not come singly but in pairs, in early 2007, a proposal to establish a gas OPEC, which is designed to map out gas exporters routes and to coordinate exporting price and production capacity, has brought up against resistance and objection from gas consuming countries and finally can’t come true. Thus, supply security remains to be the main constraint in the coming years facing Asian buyers.

China is also undergoing the similar gas supply crunch. The recently issued Eleventh Five-Year Plan for National Energy Policy has declared gas pricing system in China will finally turn to be netback pricing instead of cost-plus pricing which means gas price will come in line with alternative clean fuel price i.e. oil, coal and an approximate10% hike in wholesale gas price per year is expected in the near future.

Now in its 3rd year, we proudly announce that China Gas Summit has moved to Asia Gas Congress which is designed to look into more Asian gas buyers including China, Japan, Korea, India, Singapore, and Thailand and to focus on more gas producers around the world including Qatar, Russia, Kazakhstan, Turkmenistan, Indonesia and Malaysia. This flagship event in gas calendar will bring together leading industry players to address the dilemma which lies between supply shortfall at a low price and capacity balance at a reasonably high price.

Conference Highlights