Speaker: Mr Siamak Adibi, Senior Consultant, FACTS Global Energy
Date: Thursday, 14th October 2010
Time: 11:00 am to 12:00 noon
Venue: ESI Conference Room
29 Heng Mui Keng Terrace
Block A, #10-01
Singapore 119620
Attendance will be limited to the first 30 respondents. Please send us your name, organisation and email address via the ESI website here. For enquiries, please contact Ms. Jan Lui at 65162000.
About the Seminar
This presentation will focus on the recent changes in the Middle East gas market and analyse whether existing producers have the additional supplies available to meet Asian gas market demand in the future. It will also focus on the current and future role of Central Asia in supplying gas to the region via pipeline.
Despite being blessed with vast hydrocarbon resources, the Middle East has experienced significant natural gas shortages in recent times. Kuwait’s becoming an LNG importer in 2009 illustrates the Middle East’s strong dependence on natural gas and the rapidly increasing gap between supply and demand. The UAE and possibly Bahrain will use LNG to augment domestic gas production in the coming years. Strong growth in domestic gas demand in Iran and Iraq are expected to prevent these countries from playing significant roles in the regional and global gas markets in the near future. In such a situation, Qatar, which is the world’s largest LNG exporter, maintains a ’sold out’ policy, even though some of its LNG is going into liquid markets in Europe and the USA. Qatar is only willing to divert LNG to Asia at record high crude oil price linkages, but this could change. Qatar could be the true wild card that could have an impact on Asia’s LNG market and the future of LNG pricing in the region.
About the Speaker
Mr. Siamak Adibi is currently a Senior Consultant at FACTS Global Energy (FGE). He leads the
Middle East gas team at FGE’s Singapore office. Siamak specialises in the natural gas/LNG
business with a focus on the Middle East, North Africa and CIS countries. He also specialises in
energy modeling and long term demand forecasts. He was in charge of a recent multi-client
study at FGE focusing on the Middle East domestic gas market. He holds an MA in Energy Economics and a BA in Economics from Iran.
Siamak previously served with the National Iranian Gas Export Company (NIGEC). At NIGEC,
he was involved in several commercial negotiations pertaining to the marketing and sales of gas
by pipeline to Europe, the Persian Gulf and CIS regions. He was also in charge of the economic
modeling work in various feasibility studies carried out between 2003 and 2006 on pipeline and
LNG projects in Iran.
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