(Singapore) – On October 30-31, a delegation of six major U.S. energy companies participated in the US-ASEAN Business Council’s business mission to the 36th ASEAN Ministers on Energy Meeting (AMEM) and Associated Meetings in Singapore. It was the eighth business mission that the Council has led to AMEM, which brings together delegations from the Energy Ministries of all ten ASEAN countries, as well as the countries that participate in the AMEM+3 and the East Asia Summit Energy Ministers Meeting (EAS EMM). Enhancing resiliency and connectivity in the energy sector were major themes of this year’s AMEM. The Council’s business mission echoed these themes. The delegation discussed with ASEAN energy officials how the build-out of energy infrastructure, especially infrastructure related to liquified natural gas (LNG) and renewable energy sources, could increase energy security and connectivity. The delegation also discussed the importance of digital connectivity to ensuring resilience in the energy sector.
The delegation was received by senior ASEAN Government energy officials, including:
- H.E. Yeo Bee Yin, Minister for Energy, Science, Technology, Environment and Climate Change, Malaysia;
- H.E. U Win Khaing, Minister of Electricity and Energy, Myanmar;
- H.E. Dr. Siri Jirapongphan, Minister of Energy, Thailand;
- H.E. Ith Praing, Secretary of State, Ministry of Mines and Energy, Cambodia;
- H.E. Arcandra Tahar, Vice Minister for Energy and Mineral Resources, Indonesia;
- H.E. Jesus Cristino P. Posadas, Undersecretary, Department of Energy, Philippines;
- H.E. Dang Hoang An, Vice Minister of Industry and Trade, Vietnam; and
- The Hon. Frank Fannon, Assistant Secretary, Bureau of Energy Resources, U.S. Department of State.
Over the course of the mission, the delegation also met with Dr. Sanjayan Velautham, Executive Director, ASEAN Centre for Energy (ACE), and Mr. Nopporn Chuchinda, Secretary-In-Charge, ASEAN Council on Petroleum (ASCOPE).
Ambassador Michael W. Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council, led the mission. The leadership of the Energy Committee was represented by the Committee Vice Chairs, with General Electric represented by Mr. Wouter Van Wersch, President & CEO, GE Asia Pacific; S&P Global represented by Dr. Kang Wu, Head of Analytics, Asia, S&P Global Platts; Chevron represented by Ms. Lorrain Chong, Manager, Policy, Government and Public Affairs, Chevron International Products; and ConocoPhillips represented by Mr. Bill Lafferrandre, Business Development Advisor.
“ASEAN is expected to need at least US$2.7 trillion of cumulative investment up to 2040 in order to meet growing demand due to demographic growth and rapid industrialization,” said Amb. Michael Michalak. “This is a significant challenge in terms of energy security for the region, especially given that ASEAN is expected to be a net energy importer, in terms of all types of fossil fuels, by 2040. What we hoped to achieve with this year's business mission was to show how U.S. companies and their cutting-edge technology, best practices, and experience in human capacity building could help ASEAN rise to this challenge. Whether it be the construction and supplying of LNG regassification terminals to create virtual pipelines connecting maritime and mainland Southeast Asia or digital applications and big data analytics that bring Industry 4.0 concepts to the energy sector, U.S. companies stand ready to support ASEAN Member States as they seek to expand their power generation capacity and improve the efficiency of their energy utilization to meet the region's growing residential and commercial energy needs.”
In addition to Chevron, ConocoPhillips, General Electric, and S&P Global, Cheniere Energy, Inc. and ExxonMobil also participated in the business mission.