Participating at GASECH 2008, the 23rd International Conference & Exhibition for the LNG, LPG and Natural Gas Industries, in Thailand during mid March, Brunei LNG demonstrated its exhibition space and delivered the message that it is ready to continue with its successful foray in the LNG business beyond the expiry of key contracts in 2013.
Held at the Bangkok International Trade and Exhibition Centre from 10th - 13th March, GASTECH 2008 gave Brunei LNG Sdn Bhd (BLNG), as the main representative of Brunei Darussalam, the opportunity to show its eagerness to remain in the industry long into the future.
BLNG in collaboration with the Office of the Minister of Energy, Brunei National Petroleum Company Sdn Bhd (PetroleumBRUNEl), Brunei Shell Petroleum Company Sdn Bhd (BSP), Block B Joint Venture (BBJV), Brunei Shell Tankers Sdn Bhd (BST) and Brunei Gas Carriers Sdn Bhd (BGC), put in a collective showing under a single Brunei Darussalam exhibition pavilion. As an LNG exporter of more than 35 years, Brunei Darussalam is believed to have seen GASTECH 2008 as an excellent opportunity to announce and showcase the country's readiness for more LNG business beyond 2013, when its current supply contracts to Japan and South Korea expire.
Today's energy industry is witnessing the effects of high oil prices and a possible peaking of global oil production, according to the keynote address of the Minister of Energy, Pehin Orang Kaya Seri Utama Dato Seri Setia Awang Hj Yahya.
Furthermore, and the address highlighted that environmental issues such as climate change call for countries and companies to cooperate to tackle and positively combat global warming. While these concerns serve to reinforce gas as the preferred alternative fuel, global gas production is also bound to peak as supply continues to work hard to keep up with demand, the minister noted.
It as also explained further that the exploration of hydrocarbons is becoming increasingly difficult, and developing them more costly. Such challenges are not lost on Brunei Darussalam as a long-serving energy producer, with the nation continuing to invest heavily in hydrocarbon exploration and improved technology in its upstream and midstream energy sectors.
Significantly, Brunei Darussalam's achievements have been due to a continuing high level of national and international partnership and it is with this firm belief in the value of partnership that Brunei is ready to continue contributing to the world's energy needs.
The country hopes to continue exporting LNG to energy-consuming countries in the Asia-Pacific with continued support from all the various stakeholders in the Brunei LNG chain.