Promoting Brunei As A Proven LNG Player

Brunei Darussalam is participating in the 23rd International Conference & Exhibition for the LNG, LPG and Natural Gas Industries, or GASTECH 2008 at the Bangkok International Trade and Exhibition Centre in Thailand from March 10 to 13, 2008, according to a press release from BLNG.

Brunei LNG Sdn Bhd as the main representative of Brunei Darussalam, in collaboration with the Office of the Minister of Energy, Prime Minister's Office, Petroleum Unit, Brunei National Petroleum Company Sdn Bhd, Brunei Shell Petroleum Company Sdn Bhd, Block B Joint Venture, Brunei Shell Tankers Sdn Bhd and Brunei Gas Carriers Sdn Bhd, are putting in a collective showing under a single Brunei Darussalam exhibition pavilion.

As an LNG exporter of more than 35 years, Brunei Darussalam sees GASTECH 2008 as an excellent opportunity to announce and showcase the country's readiness for more LNG business beyond 2013 when the current supply contracts to Japan and South Korea expire.

Pehin Orang Kaya Seri Utama Dato Seri Setia Awang Hj Yahya, the Minister of Energy, who is also the Chairman of BSP, BLNG, BSM, BST and BGC, leads a delegation of more than 20 officials from the country and delivered a keynote address at the event's launch that was officiated by Her Royal Highness Princess Maha Chakri Sirindhorn.

In his keynote address, the minister said today's energy industry is witnessing the effects of high oil prices and a possible peaking of global oil production. Furthermore, environmental issues such as climate change call for countries and companies to cooperate to address 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 further explained that exploring for hydrocarbons is becoming more difficult, and developing them becoming more costly. Alignment between shareholders and stakeholders is crucial to addressing the challenges, including partnership between resource holders and the international industry, or between national and international companies..

Such challenges are not lost on Brunei Darussalam as a long-serving energy producer. The nation continues to invest heavily in hydrocarbon exploration and improved technology in its upstream and midstream energy sectors.

Importantly, Brunei Darussalam's achievements have been due to a continuing high level of national and international partnership. It is with this firm belief in the value of partnership that Brunei Darussalam is ready to continue contributing to the world's energy needs.

The minister then received Her Royal Highness Princess Maha Chakri Sirindhom at the Brunei Darussalam's pavilion. The pavilion showcases the LNG industry chain in Brunei, and aims to put across the message that Brunei is a worldclass and reliable LNG producer, as captured by the exhibit's theme, "A Proven LNG Player, Ready For More Business".

The theme also aims to convey the message that Brunei is open to talks not just with its existing buyers, but also potential new customers. Brunei 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.

The Brunei Darussalam exhibit also aims to promote the nation as a tourist destination. More than 300 exhibitors from 36 countries are participating in the GASTECH exhibition, which covers a total floor area of 12, 200 square metres, which makes it a much larger event than the previous GASTECH held in Abu Dhabi in 2006.

GASTECH 2008 is being hosted by Thailand's PTT Group, according to which almost 50 countries are taking part in this year's conference and exhibition. The conference includes ministerial and keynote addresses, commercial and technical presentations, poster sessions and panel debates.

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