Themed “Driving Efficiency and Competitiveness across the Power Sector Value Chain”, PEEF 2012 aims to address the challenges of energy security and climate change through energy savings across the power sector value chain. The forum gathered business leaders, energy experts, policy makers, who shared their insights in identifying key drivers for energy efficiency within the power sector value chain – from generation to distribution in commercial and residential communities. The event also saw the different sectors and top management’s commitment to implement energy efficiency programmes.
Speaking at the 3rd PEEF Forum 2012, Chua cited that rapid urbanisation and population boom are world’s challenges that trigger the demand for more food, water and energy.
“Unfortunately, along with the increase in energy demands is the increase in carbon dioxide (CO2) levels. The challenge therefore is to meet the energy demand but cut CO2 by half to avoid serious climate change,” he said.
Shell helps in addressing this challenge by providing smarter energy and cleaner energy. “We believe that smarter products, smarter infrastructure, and smarter use – the Shell Group’s Smarter Mobility programme, are key programmes in addressing this global challenge,” said Chua.
“Fuel efficiency is key and Shell is at the forefront on this campaign. We have smarter products that don’t just lower CO2 emissions, lower fuel consumptions but also lower operating costs which lead to a more sustainable business growth for the transport sector,” Chua said.
Chua also cited Shell’s cleaner energy projects that will help address energy demands. He specifically cited the Malampaya Deepwater Gas-to-Power Project which meets 40-45% of Luzon’s power generation requirements (total of 2,700 megawatts). The Project has helped reduced the country’s dependence on imported fuel by about 30%. Moreover, he emphasized that the use of natural gas in power generation is the cleanest and most efficient fossil fuel with least amounts of CO2.
He also disclosed during his speech that Shell energy portfolio will soon include a Floating Liquefied Natural Gas (FLNG). He said Shell recently signed a Memorandum of Agreement with the Philippine government calling for a a technical feasibility study to shall determine the viability for the development, construction and operation of an import and regasification terminal adjacent to Shell’s refinery facility located in Tabangao, Batangas. “This LNG facility will complement the Malampaya Deepwater Gas-to-Power Project’s capability. This is very important in diversifying our energy mix and coming up with cleaner energy to meet growing energy demands and fuelling the country’s future,” he said.