Istanbul World Energy Leaders' Summit (WELS), 2012

Audience at the Istanbul WELS, 2012

More than 100 energy leaders from 41 countries met at the World Energy Leaders’ Summit on 20 April in Istanbul, Turkey.

The attendees included 10 ministers, including Turkey’s Taner Yildiz and representatives from Iraq, Libya, India and the UAE. 44 delegates were also CEO-level executives, including Johannes Teyssen, Chairman and CEO of E.ON AG.

The forum provided a platform for the WEC’s community of global energy leaders to engage in an ongoing, high-level dialogue to address the critical issues affecting the energy world. The event, under the title “Delivering Tomorrow’s Energy in a Context of High Uncertainty”, enabled policymakers and industry leaders to discuss ways to overcome the energy policy trilemma.

Delegates explored topics including the transition of natural gas markets and their implications on geopolitics, financing a low-carbon infrastructure, and energy storage as a key to unlocking Turkey’s potential as a renewable energy hub.

Christoph Frei, Secretary General WEC, Johannes Teyssen,CEO E.On and Vice Chair Europe WEC and Pierre Gadonneix, Chairman WEC during media Q&A session at WELS Istanbul

Key Programme

Delivering tomorrow’s energy in a context of high uncertainty

Overcoming the “Energy Policy Trilemma” to secure prosperity

Co-hosts:

  • Taner Yildiz, Minister of Energy and Natural Resources, Turkey
  • Süreyya Yücel Özden, Chair, Turkish National Committee, WEC, Turkey
Opening Plenary: Overcoming the Energy Policy Trilemma

WEC’s energy policy assessment commands focus on overcoming the “Energy Policy Trilemma,” which is the trade-off between three dimensions: energy security, social equity (energy access and affordability) and environmental impact mitigation(local pollution and climate change). Policy makers and energy industry leaders have to further enhance collaboration to find and implement solutions to overcome the trilemma with the objective of providing a sustainable energy future.

Questions:

  1. How does a lack of balance with regards to the Energy Policy Trilemma affect energy infrastructure investments in a given country?
  2. What are the possible solutions for overcoming the trilemma on national and international levels and for securing the needed investments?
  3. Which are the issues that can be resolved now and which need to be part of a longer term vision?
Natural Gas Markets and Geopolitics: A Map in Transition

Natural gas sits high on the world agenda, with vast amounts of new supplies potentially coming from unconventional sources in North America. The LNG will play an increasingly important role globally and LNG trade supports the development of a global gas market. There are also growing concerns about the geopolitical risks.

Questions:

  1. Will shale gas be a game changer outside North America? Will North America keep cheap gas to fuel its economy?
  2. What are the potential repercussions of growing LNG markets on regiongas (spot-) markets?
  3. How do gas market developments and issues of energy security affectregional projects in areas such as the Southern Gas Corridor?
Financing Low Carbon Infrastructure: Long Journey Ahead?

In recent years, high and volatile oil prices combined with concerns about energy security and climate change have stimulated the drive for renewables and also created the context for the nuclear renaissance. However, recent accidents and the on-going economic outlook have slowed down investments. WEC’s Issues Survey demonstrates that, as a consequence, the uncertainty around nuclear, renewables and energy efficiency has increased.

Questions:

  1. How does economic uncertainty impact the availability of financing for energy infrastructure?
  2. What type of funding has open potential for long-term and low-carbon infrastructure? What policies can create conditions for such funding to flow into energy infrastructure?
  3. What type of risk-mitigation schemes would enable funding from pension funds or sovereign wealth funds to flow more systematically into these areas?
Energy Storage: A Key to Unlocking Turkey’s Potential as a Renewable Energy Hub?

Central Asia not only has a host of great natural resources and minerals; it also has abundant renewable energy resources including wind and hydro. With increasing energy needs and renewable energy commitments from Europe, Turkey may well expand its position as a regional hub for oil and gas to renewable energy. Transportation routes for conventional energies may be re-used for electricity transmission.

Questions:

  1. To what extent is such a vision realistic without huge investment in storage facilities?
  2. What are the key opportunities and challenges in terms of energy storage?
  3. What opportunities are there for regional collaboration in the renewable energy space?