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World Energy Academy Programme Update

Since the launch in Argentina in 2014 of the first World Energy Academy programme designed to provide national level training programmes, countries from every region have expressed their support of the initiative. Almost 20 countries, such as Estonia and Lebanon are planning to shortly set up Academies, with nine countries saying they will set up […]

Posted on 18 August 2015

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New Leadership for Performance of Generating Plant Knowledge Network

11 August 2015: B. Prasada Rao, Chairman and Managing Director of Bharat Heavy Electricals Ltd, India, has been appointed Leader of the World Energy Council Performance of Generating Plant, PGP, Knowledge Network. Mr Rao is a Fellow of the Indian National Academy of Engineering, INAE, and brings a range of power engineering and managerial skills […]

Posted on 11 August 2015

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Global Leaders Gather in Addis Ababa for World Energy Council Executive Assembly

At the World Energy Council Executive Assembly in Addis Ababa on 25-28 October, discussions will focus on how Africa can grow and create development opportunities whilst also considering evolving climate policies and new resilience challenges.

Posted on 11 August 2015

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Turkish Government Looks Forward To Hosting 2016 World Energy Congress

Turkey’s Energy Minister, Taner Yildiz announced today the first 40 confirmed speakers for the 23rd World Energy Congress, coming from 21 countries and including 7 Ministers. Under the theme “Embracing New Frontiers”, the world’s premier energy gathering expects to set the global energy agenda with 100 government ministers, heads of states and 10,000 senior energy leaders in Istanbul on 9-13 October 2016.

Posted on 3 August 2015

Peter Voser speaking at the World Energy Congress

Korea to play “important” part in global energy market, says Royal Dutch Shell CEO

Energy demand in Asia could more than double in the next 50 years, and a “historic phase” of industrialization and urbanization in Asia’s emerging economies means Korea is well-placed to be an important player, said Peter Voser, the CEO of Royal Dutch Shell. “South Korea is an appropriate place to focus on this issue,” he […]

Posted on 15 October 2013

Financing Session

Financial markets must play role in energy development

Markets must assist to encourage energy investments Governments need to fashion long-term energy policies to ensure financing MENA political turmoil could offset promise of cheap energy prices due to U.S. shale gas boom. Energy experts told delegates at the World Energy Congress Daegu 2013 that financial markets must assist to ensure investment in energy. Seethapathy […]

Posted on 15 October 2013

2013 World Energy Congress, Day 2, Session Face to Face, "Shale gas and oil: Is it just a bubble?", Gerard Mestrallet, France & John Defterios, UAE

Shale gas and oil: Is it just a bubble?

The shale gas and oil boom has been an incredible phenomenon and has the potential to transform the oil and gas industry, the World Energy Congress was told on 15 October. Gérard Mestrallet, the Chairman & CEO of French utility company GDF Suez, said that he disagreed with suggestions that some of the claims regarding […]

Posted on 15 October 2013

What is the next game changer

What are the game changers?

Industry leaders say strategic innovation, high technology key to exploiting less conventional energy sources Strategic innovation and technological progress are key in changing the energy game Exploiting lesser-known conventional and unconventional energy deposits will involve risk Methane hydrate, deep water and arctic drilling, oil shale, and shale gas have potential Innovation, technology, and long-term commitment […]

Posted on 15 October 2013

2013 World Energy Congress, Day 2, Session Bottom Line "The untapped hydro potential: Opportunities and risks"

The untapped hydro potential: Opportunities and risks

While it remains easier to build a coal plant than a hydro one due to social and environmental concerns, hydropower is enjoying something of a renaissance as large hydro projects seek to exploit the huge unused potential in Central Africa, Latin America, Russia and Canada. With only one third of achievable hydro potential developed to […]

Posted on 15 October 2013

Session What does it take?, "Financing energy: Managing risks and complexity", Day 2, 2013 World Energy Congress

Government guarantees needed to support energy investments

A total of $37 trillion is needed for energy investments by 2025, or roughly $1.5 of the $12 trillion in new capital that is raised every year, the World Energy Congress was told on 15 October. The solution to liberating the “ocean of capital” to finance energy projects is close collaboration among the science sector, […]

Posted on 15 October 2013

2013 World Energy Congress, Session What does it take?, "Innovative market designs", Day 2

Renewables to impact market pricing

Advances in renewable resource technology pose a threat to the energy sector. In some European countries that have heavily invested in wind or solar plants, energy prices have been “driven through the floor”, said Philipp Gerbert, Senior Partner & Managing Director at the Boston Consulting Group. In response, he said, the low costs mean energy providers […]

Posted on 15 October 2013

2013 World Energy Congress, Day 2, Session Regional Crossroads, "North America: Energy self-sufficiency by 2015?"

US energy self-sufficiency poses challenges for Canadian exporters, overseas markets

US energy self-sufficiency, resulting from the shale gas and oil boom, could cause a potential rift in US-Canada relations, the World Energy Congress was told on 15 October. There were also indications of rising concern that an environmentally conscious and energy-rich United States may no longer be keen to commit to major infrastructure projects needed […]

Posted on 15 October 2013

Session Game Changer, "Natural gas markets and geopolitics: A map in transition", Day 2, 2013 World Energy Congress

Shale gas revolution impact may be limited in Asia

Panel participants said on 15 October that shale gas is a significant game changer, particularly in North America, but those in Asia who hope it will transform energy pricing are unlikely to be satisfied because the pace and scale of the shale gas revolution in North America will be difficult to replicate. China has vast […]

Posted on 15 October 2013

2013 World Energy Congress, Session Bottom Line, "The rise of NOCs and Independents: More of the same or changing the game?", Day 2

The other players: Independents and National Oil Companies

The resource ownership map has changed dramatically to the benefit of National Oil Companies (NOCs) and International Oil Companies (IOCs), speakers at the Daegu 2013 Congress said on 15 October. NOCs now control approximately 90% of the world’s oil reserves and 75% of production as well as many of the major infrastructure systems. In addition, an […]

Posted on 15 October 2013

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