The world is going through a complex energy crisis, and natural gas is just a single dimension. Energy trade is now on a global level and is more interrelated and intertwined than ever before. Therefore, the consequences of the energy crisis are being felt across countries and industries in more acute ways.

First, natural gas markets were already tight before the outbreak of the Russian–Ukrainian conflict on 24 February 2022 due to underinvestment since 2015, the coronavirus disease (COVID-19) in 2020, the rapid albeit uneven post-COVID-19 recovery, and disrupted supply chains, primarily commodity supply chains. As a result, the supply of energy could not catch up with robust resilient demand recovery. There is an ongoing mismatch of supply and continuous, more responsive, and elastic energy demand.

Second, the situation was exacerbated afterwards by further elevated energy price levels and volatility.

The current gas crisis could seriously affect not only the world energy security but also the world energy transition progress.

A workshop is held with the aim of finding short-term solutions to stabilise the global gas market, so that the world can continue to recover together and strongly, amidst the geopolitical crisis.

On behalf of the Ministry of Energy and Mineral Resources of the Republic of Indonesia, as the host of the G20 Presidency, ERIA is pleased to invite you to participate virtually in the upcoming Hybrid Workshop as a G20 ETWG III Parallel Event entitled 'Exploring Short-term Solutions to the Global Gas Crisis' to be organised back-to-back to the 3rd Energy Transition Working Group Meeting and the G20 Energy Transition Ministerial Meeting.

Event Details

Date: Monday, 29 August 2022 Time: 9 AM – 12.30 PM (Bali Time; UTC+8)

Agenda*

Opening Remarks

• Mr Yudo Dwinanda Priaadi, Chair of the Energy Transition Working Group G20 ETWG

Keynote Speeches

• Prof Tutuka Ariadji, Director General of Oil and Gas, Ministry of Energy and Mineral Resources, Republic of Indonesia
• HE Eng. Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF)
• Prof Hidetoshi Nishimura, President of the Economic Research Institute for ASEAN and East Asia (ERIA)

Main presentation: Proposed Short-term Solutions for the Current Gas Crisis

Main speaker:

• Mr Hiroshi Hashimoto, Senior Analyst, Head of Gas Group, Fossil Energies & International Cooperation Unit, The Institute of Energy Economics Japan

Panel Discussion I: Importing and Exporting Countries’ Perspectives and Reactions on the Proposed Solutions

Moderator: Mr Nanang Untung, Expert Staff for Minister of Energy & Mineral Resources of the Republic of Indonesia

Panellists:

• Mr Jonathan Goh, Director of External Relations, Energy Market Authority, Singapore
• Mr Takahiro Hirai, Deputy Director Oil and Gas Division, Agency for Natural Resources and Energy Ministry of Economy, Trade and Industry, Japan
• Ms Lamiaa Abo Shahba PhD, General Manager of Gas Market Activities, Operations and Networks, Egyptian Natural Gas Holding Company – EGAS
• Mr Martin Squire, Head of International Energy Area, Ministry of Energy, Australia
• Dr Philip Mshelbila, Managing Director, Nigeria LNG Ltd. (NLNG)

Panel Discussion II: Market Effects of Possible Short-term Solutions

Moderator: Prof. Jun Arima, Senior Policy Fellow for Energy and Environment, ERIA

Panellists:

• Mr Christof van Agt, Director, Energy Dialogue, International Energy Forum (IEF)
• Dr Aydar Shakirov, Head of the Gas Market Analysis Department, Gas Exporting Countries Forum (GECF)
• Mr Edito Barcelona, Senior Research Fellow, Asia Pacific Energy Research Centre (APERC)
• Mr Chong Zhi Xin, Director, South and Southeast Asia Gas, S&P Global

Conclusions and the Way Forward

• Mr Koji Hachiyama, COO of ERIA

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