SIEW Day 3 (25 October 2017)

Highlights

That's All from Day 3 of SIEW!

08.06 PM

We come to the end of Day 3. Join us over the next two days as we take a deep dive into key energy issues at the SIEW Thinktank Roundtables, hosted by the Institute of Energy Economics, Japan (IEEJ), Grattan Institute, S. Rajaratnam School of International Studies (RSIS), Energy Research Institute at Nanyang Technological University (ERI@N) and more. Check back tomorrow for more updates.

Have feedback about SIEW? We want to know! Fill in this survey to help us plan next year’s programme.

The Energy Future Discussed at SIEW Live

07.53 PM

Today at SIEW Live, attendees share their thoughts around energy and economics, the liberalisation of the electricity market, and their key highlights from Day 3 at SIEW.

Join us at the SIEW Live studio tomorrow to share your energy insights with us.

Share Your Energy Vision

05.30PM

Head over to the “Celebrate. Connect. Co-Create” showcase, snap a selfie or wefie, and scribble a word or two that best describes your energy vision.

Need some inspiration? Here’s what some of our delegates have been up to.

Don’t forget to collect the printed version of your photo after that!

Transforming the Global Energy Landscape

05.31 PM

Transforming the Global Energy Landscape

The 10th edition of Singapore International Energy Week (SIEW) marked a sea change in the way industry players and experts viewed the evolving global energy landscape.

Aptly themed “Rethinking Energy; Navigating Change”, the speeches and panel sessions by energy leaders from governments, industry and international organisations on the first two days of SIEW centred on the increasingly dominant role that renewables play in the global energy mix. Read the full article

Thoughts from Making Sense of Cents

05.04 PM

Carbon tax will be introduced in Singapore in 2019 as part of our efforts to reduce greenhouse emissions.

What does this mean for businesses? How will it impact our economy?

These and more were discussed at the Carbon Tax – Sense of Cents panel discussion organised by the Energy Association of Singapore (EAS) and Singapore Institute of Power and Gas (SIPG).

10 Singaporeans Receive Inaugural SkillsFuture Study Award for Power Sector

04.00 PM

As part of the national movement to provide Singaporeans with opportunities to develop their fullest potential, the Energy Market Authority (EMA) today conferred 10 Singaporeans with the inaugural SkillsFuture Study Award for Power Sector.

Day3 - 12 - SkillsFuture

The award, presented by Ms Low Yen Ling, Senior Parliamentary Secretary for the Ministry of Trade and Industry and Ministry of Education, aims to support early to mid-career Singaporeans in the energy industry who aspire to deepen their power engineering skills. Read the full press release.

Please click here for the full speech

Evolving Energy Industry Offers Growth and Meaning for Youth

03.43 PM

Day3 - 10 - In Dialogue with Youth 1

Environmental sustainability emerged as the top energy priority for youths at the In Dialogue with Youth session at SIEW this morning. This was followed by economic competitiveness and energy security.

Ms Sim Ann, Senior Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, said it was “encouraging” that today’s youths are concerned about environmental sustainability. Read the full article

6 Youths Awarded Energy-Industry Scholarships at SIEW

03.07 PM

Six engineering students have been awarded the Energy-Industry Scholarship (EIS). The scholarships, open to Institute of Technical Education (ITE) and Polytechnic students, are intended to nurture talent for the Power sector.

Day3 - 11 - EIS recipients

(L-R) Mr Shawn Ang Zi Ming; Mr Lee Wen Xiang; Ms Vera Lam Kai Ting; Ms Sim Ann, Senior Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth; Ms Teo Mei Fang; Mr Chew Chun Hong; Mr Muhammad Afiq Bin Azri.

The six recipients are:

  • Mr Shawn Ang Zi Ming, 20
    Year 3, Diploma in Electrical Engineering, Ngee Ann Polytechnic
  • Mr Muhammad Afiq Bin Azri, 19
    Year 2, Diploma in Electrical Engineering, Ngee Ann Polytechnic
  • Mr Chew Chun Hong, 24
    Year 2, Diploma in Electrical and Electronic Engineering, Singapore Polytechnic
  • Ms Vera Lam Kai Ting, 18
    Year 2, Diploma in Energy Systems and Management, Singapore Polytechnic
  • Mr Lee Wen Xiang, 20
    Year 3, Diploma in Electrical and Electronic Engineering, Singapore Polytechnic
  • Ms Teo Mei Fang, 19
    Year 2, Diploma in Electrical and Electronic Engineering, Singapore Polytechnic

The recipients will join their respective sponsoring organisations, Keppel Infrastructure, Senoko Energy and SP Group, after they complete their studies. Read the full press release

For more information about the Energy-Industry Scholarship, visit www.poweringlives.sg/eis

The Youth Energy Showcase

02.43 PM

Ms Sim Ann, Senior Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Ms Low Yen Ling, Senior Parliamentary Secretary, Ministry of Trade and Industry and Ministry of Education, tour the Youth Energy Showcase.

The exhibition, part of Youth@SIEW, features the research and projects of students from the Institute of Technical Education (ITE), Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore University of Technology and Design (SUTD), Singapore Polytechnic and Temasek Polytechnic.

Pop by the showcase to look at the innovative ideas from our youth – from a self-powered cooling system and solar-powered automated watering system for urban gardening, to an electric mobility vehicle and eco-car created for the 2018 edition of Shell Eco-Marathon Asia.

Highlights from In Dialogue with Youth

02.12 PM

Youths this morning heard more about Singapore’s energy trilemma from Ms Sim Ann, Senior Minister of State, Ministry of Trade and Industry & Ministry of Culture, Community and Youth.

Mr Samuel Tan, Chief Digital Officer, SP Group, and Ms Liu Xiao Wei, VP External Relation, Shell APAC, also enlightened youths on the prospects in the energy industry and the value of continuous learning in a dynamic sector.

Optimism for Renewables Raises Energy Security Concerns: IEF Chief

12.45 PM

Day3 - 7 - Global Energy Security

We cannot put all our eggs in one basket when it comes to energy security, said Dr Sun Xian Sheng, Secretary-General of the International Energy Forum (IEF), during the closing session of SIEW Energy Insights.

Dr Sun’s comment came after earlier sessions by DNV GL and the Wuppertal Institute for Climate, Environment and Energy, which respectively discussed the outlook for renewables and Germany’s ongoing transition to a low-carbon energy system.

“Hopes for renewables are too high,” he said. “While this trend towards sustainable energy cannot be changed, there is a long transition period.” Read the full article

Asia Remains a Pivotal Engine for Nuclear New Builds: WNA

12.28 PM

Asia Remain 1

Asia continues to drive the growth of new nuclear capacity globally, according to the World Nuclear Association (WNA) Performance Report for Asia which was presented at SIEW Energy Insights.

In the last two years, new nuclear reactor start-ups globally totalled 10 gigawatt of capacity – double the average in the past 25 years. Of these, 5 out of 10 reactor start-ups were in China, and 8 out of 10 reactor start-ups were in Asia. There are 60 reactors currently under construction, and more than two-thirds are in Asia. Read the full article

Asia to Remain a Major Demand Centre for LNG: SMS Koh Poh Koon

11.59 AM

While Asia’s demand growth of liquefied natural gas (LNG) remains healthy, it is likely to be overshadowed by significant supply growth in the next few years, said Dr. Koh Poh Koon, Senior Minister of State, Ministry of Trade and Industry and Ministry of National Development.

This presents challenges and opportunities for market players. Long-term investment decisions have become more complicated, and depressed oil prices have dampened the push for gas-on-gas pricing indices, said Dr Koh.  

In response to these trends, Singapore has put in place initiatives that will help the country stay nimble.

The Energy Market Authority (EMA) has formally issued Pavilion Gas and Shell Eastern Trading Limited with LNG import licences on 23 October 2017. The Government has also lifted the moratorium on Piped Natural Gas (PNG) import, to encourage greater competition among gas suppliers to offer secure and competitively priced supplies.

To further increase dynamism in our gas market, EMA has also formalised the spot LNG import framework. Through added infrastructure and the support of new business initiatives, Singapore is being developed as a gas hub. 

For more updates on the industry, visit the Gas Asia Summit.

Please click here for the full speech

Our Youth at SIEW

10.35 AM

The future of energy is bright, as students – tomorrow’s industry leaders – share their energy ideas and innovations, while learning about Singapore’s energy landscape at today’s Youth@SIEW programme.

For live updates on SIEW, follow us on Twitter, @SIEW_sg

Energy in Transition: Perspectives from Germany and Japan

10.10 AM

Day3 - 3 - Wuppertal

In 2010, Germany embarked on a long-term transition towards a low-carbon, reliable and affordable energy system built on renewable energy, energy efficiency and energy demand management.

Today, Germany has taken the global lead in the path to zero emissions, said Prof Dr Peter Hennicke, former President, Wuppertal Institute of Climate, Environment and Energy, during a SIEW Energy Insights session. Read the full article

Renewables to Account for 85% of Electricity Production in 2050: DNV GL

09.45 AM

DNVGL

Forecasting is always a tricky task.

“There are probably more jokes about forecasters than about lawyers,” quipped Mr Tony Wood, Energy Program Director of Grattan Institute, during the first session of SIEW Energy Insights.

When asked what sets DNV GL’s forecast of energy trends apart from the rest, Mr Ditlev Engel, CEO of DNV GL - Energy, explained that their forecast was based on objective dollars and cents, and not on “wishful thinking”. Read the full article

Welcome to Day 3 of SIEW!

08.38 AM

Today, SIEW will focus on the energy leaders of tomorrow at Youth@SIEW. Mr Samuel Tan, Chief Digital Officer of SP Group will host a sharing with youth, followed by a panel discussion with Ms Sim Ann, Senior Minister of State, Ministryof Trade and Industry and Ministry of Culture, Community and Youth, and Ms Liu Xiao Wei, Vice President, External Relations, Shell APAC..

We also have an exhibition to showcase some outstanding student work.

Alongside this, SIEW looks to the industry – specifically on the downstream sectors at the Asian Downstream Summit (ADS) and on the future of gas at the Gas Asia Summit (GAS). Both summits open today.

Updates will be provided throughout the day so stay tuned!

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