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World Energy Council issues 10-point action plan for sustainable future

Report lays out collective path for governments, industry, and finance World Energy Congress, Daegu, Korea, 15 October 2013: The World Energy Council (WEC) today issued a 10-point action plan for how governments, industry, and key decision-makers should refocus their efforts and resources to achieve real progress in resolving the energy trilemma. The report, “World Energy […]

Posted on 15 October 2013

Khalid Al-Falih

Saudi Aramco, GE Power speak at World Energy Congress

DAEGU, South Korea, October 14, 2013 In the first keynote speech of the World Energy Congress, president and CEO of Saudi Aramco, Khalid A. Al-Falih, and President and CEO of GE Power & Water, Steve Bolze, summed up the energy challenges of the coming decades. The duo put forward a line-up of solutions — from […]

Posted on 14 October 2013

2013 World Energy Congress, Day 1, Opening session "Tomorrow's energy: Connecting the dots"

Decisive leadership needed in an uncertain energy era

Industry leaders gathered at the World Energy Congress agreed on 14 October that the energy environment is getting more and more complex and uncertain, and policy makers need to chart a course that ensures both affordability and sustainability. Christoph Frei, Secretary General of the World Energy Council, pointed to post-Fukushima safety concerns and the collapsing […]

Posted on 14 October 2013

Zengo Aizawa

Japan remains committed to nuclear even after Fukushima

Nuclear energy remains very much a part of Japan’s energy mix even after the Fukushima accident, said executive vice president and chief nuclear officer of Tokyo Electric (TEPCO) at a session on Monday of the World Energy Congress in Daegu, South Korea. “Japan has limited sources of renewable energy such as wind, solar or hydro,” […]

Posted on 14 October 2013

2013 World Energy Congress, Day 1, Session Game Changer, "Energy Storage: Defining the future for e-Mobility and renewables"

E-Mobility still a long way from powering the smart grid

Aside from E-mobility, multiple energy storage technologies are available now, but need further development New government policies must match innovations in energy storage Businesses must pay for the R&D of new energy storage technologies   Daegu, South Korea, 14 October 2013 – Technological advances in energy storage could reshape the way we procure and consume […]

Posted on 14 October 2013

2013 World Energy Congress, Day 1, Session Bottom Line "World coal outlook: Innovations for tomorrow's energy"

World coal outlook

Coal is not going away soon as a major world source of thermal energy, regardless of the remarkable developments in shale gas in North America, concluded a panel of experts speaking at the World Energy Congress on 14 October. The main economic driver for the continuance of coal, they said, is its comparatively low cost […]

Posted on 14 October 2013

2013 World Energy Congress, Day 1, Session What does it take? "Transition a country in a decade"

Energy Transition must have societal support to be sustainable

Transitions are only sustainable if they follow the will of society If change is desired then the costs must be made visible Renewables must be scrutinised for how they perform against the market Ideal energy mix is specific to each country World Energy Congress Daegu 2013, Republic of Korea The energy transition desired by many […]

Posted on 14 October 2013

2013 World Energy Congress, Day 1, Session What does it take?, "Fusion: Betting on a different future?"

Korea well positioned for “knowledge-based” fusion energy

A leading researcher into nuclear fusion as a potential energy source says the drive to develop fusion energy is both “important and urgent,” especially for South Korea. Lee  Gyung-Su, Research Fellow at South Korea’s National Fusion Research Institute (NFRI), told attendees at the World Energy Congress on 14 October that “fusion is knowledge-based energy, not […]

Posted on 14 October 2013

Ms Tatiana Mitrova, Russia, Session Regional Crossroads "New dynamics of Asian LNG Markets", 2013 World Energy Congress, Day 1

Shale gas could have major impact on Asian LNG market

Participants from the US, Australia, Indonesia and Japan discussed the Asian LNG market with moderator Tatiana Mitrova, Head of the Oil and Gas Department at the Energy Research Institute of the Russian Academy of Sciences. “In the last couple of years there were some shifts on the demand side,” she said in her opening statement. “First […]

Posted on 14 October 2013

2013 World Energy Congress, Day 1, Session Game Changer "CCUS: Making a difference in time?"

Policy needed to implement carbon capture technologies

Panelists at the World Energy Congress at the 14 October session said carbon capture, utilization, and storage technologies are a necessary factor in a world in which fossil fuels are expect to continue servicing a significant portion of global energy demand for decades to come. However, they said policy decisions are crucial for key market […]

Posted on 14 October 2013

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