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Gazprom joins Global Gas Centre -  Miller-Frei handshake 06 october 2015

New Global Gas Centre: World Energy Council working with leading companies welcomes its newest member Gazprom

St Petersburg 6 October 2015: Gazprom is the latest member to join the new Global Gas Centre officially launched at the St Petersburg International Gas Forum. The Centre has been established to bring together senior leaders in the sector in order to provide a better understanding of the role that natural gas plays in the energy […]

Posted on 6 October 2015

bubble map

Time of greatest energy uncertainty

In a presentation to insurance company Swiss Re, Christoph Frei talked about his concerns for the future with a warning of dramatic consequences if no action was taken.  The following are extracts from his talk: “The World Energy Council is issuing a warning that we are living in times of great energy uncertainty.  More than […]

Posted on 23 September 2015


First South American Energy Forum promotes regional integration

The first South American Energy Forum to promote regional integration projects in Latin America organised by the World Energy Council and the Union of South American Nations with the support of the Ministry of Electricity and Renewable Energy took place in Quito in Ecuador in September. The Forum which was opened by the Vice-President of […]

Posted on 23 September 2015

Igor Sechin, Russia, 2013 World Energy Congress, Day 3, Closing session, "Special addresses"

Rosneft CEO lays out Russia’s enormous prospects for meeting global energy demands

Energy concerns in emerging economies are “skyrocketing” and global energy consumption is on the rise, requiring creative solutions and technological know-how, said Igor Sechin, CEO of the Russian government-owned oil company Rosneft. Russia is in an excellent position to help meet the world’s energy demands, thanks to its rich energy resources, open and stable political […]

Posted on 16 October 2013

2013 World Energy Congress, Day 3, Closing session, "Ministerial dialogue: Energy in Transition"

The dilemma over the trilemma

Whether governments should subsidize energy costs for the world’s poorest consumers emerged as a point of heated debate at the World Energy Congress during the closing plenary session for 16 October as government ministers discussed how countries should coordinate energy policies to achieve the triple goals of security, sustainability, and equity in energy policy. Ministerial […]

Posted on 16 October 2013


South Korean President promotes international energy cooperation

South Korean President Park Geun Hye told WEC Daegu 2013 on Wednesday that international cooperation is needed to meet global energy challenges, while a “creative energy economy” should be promoted in which Korea can play a leading role. “As the World Energy Council points out, the Energy Trilemma, the trade-offs between energy security, social equity […]

Posted on 16 October 2013

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

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