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September – October 2013

South Korea Renewable Investments @ Lotte Seoul Hotel
Sep 26 all-day

South Korea ranks 15th among G-20 nations for overall clean energy investment. Ninety percent of its clean energy investments are in the solar sector. In October 2012, South Korea published a new emissions target equivalent to a 3% reduction in 2013. A nationwide emissions trading scheme affecting 377 companies will be established in 2015 as part of a long-term energy and climate change plan,
which may also include linking energy taxation to emissions and establishing a nationwide smart grid by 2016.

A key government goal is to slash carbon emissions by 30 percent by 2020 from its business as usual case. South Korea is planning a complex to install 500 wind turbines that are in 5MW class. This is 3rd largest scale in the world. According to the plan, about 100MW in 2013, additional 900MW in 2016, and the generation capacity will reach 1.5GW by 2019. The South Korean government has also established an 11 percent renewable energy goal in its total primary energy supply by 2030, identifying some key technologies such as solar thermal, photovoltaics, geothermal and bioenergy. Currently, the share of renewables in South Korea’s total primary energy supply is the lowest among member nations of the OECD.

Indonesia Renewable Investments @ Hotel Ciputra Jakarta
Oct 10 all-day

Indonesia has had the lowest volatility in economic growth of any OECD or BRIC economy over the past decade, while its economy in the short term is conjectured at close to 7% growth per year. Even higher demand is anticipated in the future with an annual growth rate of 9.2% expected to continue until 2019. With the government implementing 11 key reforms to boost foreign investment and promote growth through streamlining the process of starting a business in Indonesia, foreign direct investment (FDI) is predicted to reach US$22.5 billion in 2013.The amount of money allocated to develop infrastructure in Indonesia is vast, and is estimated to reach US$194.7bn with US$73.3bn of that specifically allocated to developing power and energy infrastructure.

The government of Indonesia is committed to mitigating climate change and has announced that the country will reduce greenhouse gas emissions by 26 percent by 2020. Fossil fuels dominate the country’s energy supply. To mitigate the local environmental impacts and diversify the fuel mix as a hedge against fossil fuel price volatility, the government is launching a program to develop 10,000 megawatts of generation capacity by 2014 through a program of predominantly renewable energy. With 55% of new production being slated towards renewable power generation, total private sector investments by IPPs are expected to reach US$ 11 billion by 2014. The government of Indonesia is committed to reducing greenhouse gas emissions by 26% by 2020. In addition the Clean Technology Fund Investment Plan for Indonesia proposes co-financing of US$400 M to support Indonesia’s goals of providing 17% of total energy use from renewable energy by 2025. Indonesia alone holds 40% of the world’s total geothermal reserves, however currently only less than 4% is being developed, leaving the sector wide open for growth. The Government of Indonesia have promoted Feed-in Tariff; 1.Hydro < 10 MW, 2.Biomass < 10 MW, 3.Geothermal, Next will promote FIT for:1.Solar PV < 10 MW, 2.Wind < 10 MW.


LNG Fundamentals @ Wyndham Blake Chicago
Oct 25 all-day

The course is designed for those looking to gain a better understanding of the fundamentals of the LNG industry.

The past two decades have been characterised above all by the development and diversification of gas markets worldwide. LNG has become an increasingly important supply source in meeting the world’s energy needs.Natural gas is a major source of energy, but many towns and cities that need the energy are located far from the gas fields. LNG is a clear, colourless, non-toxic liquid that can be transported and stored more easily than natural gas because it occupies up to 600 times less space. When LNG reaches its destination, it is returned to a gas at regasification facilities. It is then piped to homes, businesses and industries.Transporting gas by pipeline can be costly and impractical.

In 2011 total trade has increased nearly five times from the 1990 level, to just over 240 million tonnes. There are 18 exporting countries and 25 importing countries spread worldwide, with many more aspiring to enter the market. The LNG trade is now truly global.  Cargoes routinely move between the Atlantic and Pacific regions. The proportion of trade contracted on a short-term basis has risen from around 4% in 1990, to 18% today. Multiple buyers in different regions often compete for the same supply, while multiple sellers in different regions often compete for the same buyer. LNG has been instrumental in driving the globalisation of the international gas trade. Diversification of trade, cost reductions, linkage of the US gas market to the global LNG trade and emergence of India and China are the key changes in the industry.

Target Audience

• Commercial and/or financial managers
• Project developers
• Gas producers and buyers
• Engineers, Consultants
• Legal advisors

Course Content

  • Overview of the LNG Industry
  • Major Drivers of LNG Market
  • LNG Shipping Industry
  • LNG Regasification Facilities
  • Role of LNG in World Enery Market
  • LNG Demand and Forecasting
  • LNG Pricing Concepts