FOR IMMEDIATE RELEASE
Pressnews.biz (Press Release) Sep 30, 2013
-- 1 Oct 2013: Global Gas Opportunities Summit organized by Fleming Gulf Conferences under the support of the Ministry of Energy and Natural Resources - Turkey got off to a good start at the Sheraton Istanbul Ataköy Hotel with organizations like Gazprom Bank, Energy Market Regulatory Authority (EMRA), SOCAR, Turcas Energy Holding, World Pensions Council, IGDAS Turkey and Naturgaz presenting at the summit. The summit is gathering global gas experts to discuss the latest trends in the gas industry and future prospects.
Turkey is considered to be a very important energy hub because of its resources and strategic placement between Asia, Middle East, North Africa and Europe. According to Oil and Gas Journal, as of January 2013 Turkey's oil reserves stand at 270 million barrels and natural gas reserves at 218 billion cubic feet. With projects like Trans Anatolian Natural Gas Pipeline Project (TANAP) that will act as a passage between the Caspian Sea and the Adriatic, Turkey forms a strategic location for this summit. The summit kicked off with Cary Depel, Fellow of the Chartered Institute of Securities and Investments (FCSI) and Past Chairman of the Institute of Risk Management presenting on political risk surrounding the gas industry. He focussed on anticipating, assessing and minimizing these risks. Jasser Al-Jasser, Deputy CEO (Planning & Commercial) at Kuwait Gulf Oil Co. followed Depel and spoke about the future oil & gas projects in Kuwait and the opportunities it holds for international contractors.
Arif Akturk, Head of Natural Gas at Naturgaz presented on the threats and opportunities in the Turkish natural gas marketplace. He also focussed on the impacts of gas industry on the electricity market with emphasis on current and future trends. Post lunch the summit saw two sessions on gas regulation and gas investments. Delegates were able to participate in two panel discussions on developments in the gas industry worldwide and opportunities in infrastructure investment. M. Nicolas J. Firzli, Managing Director at World Pensions Council, France presented on natural gas as the energy investment of choice for pension funds and SWFs in the Eurasian continuum and Latin America. The presentation shedding light on energy investments was well received by the delegates.
Day two of the summit will begin with the keynote from Geoffroy Hureau, Secretary General at Cedigaz, France on gas storage in Europe. He will be discussing the past and future trends in the European gas storage market. One of the key highlights of day two will be a panel discussion on the role of Turkey as the emerging regional gas hub and international pipeline projects, contributing to it. A session on alternate energy will see two presentations; projects on small scale LNG by Nuno Afonso Moreira, Chairman at IGU Gas Utilization, Board member of Sonorgas and North American shale update: The four big resource plays by Chris Faulkner, CEO at Breitling Oil & Gas - USA. Fazal Ali Khan, CNG Development Manager at Emirates Gas LLC - UAE will present a case study on Municipal waste flare gas programme for NGVs in Dubai. This study will provide insights on how CNG can be used as an alternative green automotive fuel.
The last day of the summit will feature two workshops on gas trading by Arif Akturk, Head of Natural Gas at Naturgaz followed by gas technology lead by M. Gokmen Çologlu, Botas Directorate, Former Consultant & Nadim Ekiz, Management Consultant at IGDAS Turkey. The summit is an excellent opportunity for the attendees to interact with industry peers from Gulf Gas, NNPC - Nigeria, Kuwait Gulf Oil Co., Yemen Company for Investments in Oil and Minerals (YICOM), Sotogas SA and Sonangol among others. Devising new solutions to overcome cross border challenges like production and technical applications for gas supply has become the need of the hour. The summit will serve as a platform for industry peers to discuss and learn from these developments fueling cross border initiatives.
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