AGENDA 2024

SMALL-MID SCALE FSRU ASIA SUMMIT

Sponsored by

TUESDAY,  12 MARCH 2024


9:00 – 9:30

REGISTRATION AND WELCOME TEA

9:30 – 9:40

OPENING REMARKS

MARKET INTELLIGENCE

9:40 – 10:10

STATE OF THE FSRU MARKET – WHAT THE MARKET SHIFTS ARE TELLING US ABOUT THE INDUSTRY’S TRAJECTORY 

This session will delve into the present FSRU landscape while drawing insightful comparisons between the events of the past year and the anticipated developments in the coming years. It aims to unravel the nuances of market shifts, providing key insights into how the FSRU industry has evolved and what these changes portend for its future. 

  • Global LNG Demand: A Retrospective and Forward Outlook: Reflecting on the trends in LNG demand over the past year and projecting how these patterns might evolve in the coming years. Discussing the factors influencing demand, including economic considerations, geopolitical shifts, and environmental considerations.

  • Technological Evolution in FSRU Design: Lessons Learned and Future Innovations: Analysing the technological advancements in FSRU design witnessed in the past year and exploring future innovations. Discussing how these advancements impact the effinciency, flexibility, and environmental sustainability of FSRUs.

  • Environmental and Sustainability Initiatives in FSRU Operations: Discussing recent initiatives and trends in environmental sustainability within FSRU operations, exploring how the industry has responded to environmental concerns, and projecting future strategies for sustainability and decarbonisation.

10:10 - 10:50

NAVIGATING THE RIPPLE EFFECT: EUROPE'S FSRU DEMAND BOOM AND ITS IMPACT ON THE ASIAN MARKET 

The global energy landscape is undergoing a profound transformation, driven by geopolitical tensions, environmental concerns, and technological advancements. Amidst this dynamic environment, Europe's FSRU demand has emerged as a significant factor influencing the Asian FSRU market. This session will delve into the multifaceted impact of Europe's FSRU demand on Asia, exploring the implications on charter rates, delivery times, LNG demand, and long-term energy strategies.

  • Charter Rate Volatility and Mitigation Strategies: Analysing the factors driving the rise in FSRU charter rates due to Europe’s increased demand and exploring mitigation strategies for Asian FSRU operators 

  • Addressing Delivery Delays and Infrastructure Challenges: Evaluating the impact of Europe’s FSRU demand on the global FSRU construction and delivery timeline.

  • Adapting to Shifting LNG Demand Patterns: Discussing the long-term energy strategies of Asian countries in the context of global energy transitions and shifting FSRU demand dynamics.

10:50 - 11:30

SPEED NETWORKING SESSION/TEA-BREAK

11:30 – 12:00

OVERVIEW OF GAZ-SYSTEM’S FSRU PROJECTS IN SECURING POLAND’S ENERGY SECURITY

Poland’s natural gas transmission system operator GAZ-SYSTEM has been actively securing suppliers such as Japan’s Mitsui O.S.K. Lines and Norway’s BW LNG for its FSRU projects. Understand the importance of FSRUs to the Polish energy sector, and learn how the company is planning to grow the sector, including updates on key milestones for planned and upcoming projects.

12:00 – 12:30

CASE-STUDY: EEMSHAVEN FSRU THE FIRST EUROPEAN TERMINAL ONLINE AFTER THE UKRAINE CRISIS

12:30 - 13:30

NETWORKING LUNCH

SPOTLIGHT ON SINGAPORE

13:30 – 14:10

BOOSTING ENERGY SECURITY – SINGAPORE’S FSRU FUTURE

In line with its commitment to energy security, Singapore is planning for its second FSRU unit, further solidifying the country's position as a key LNG trading and bunkering hub. This session will explore the critical role of the FSRU sector in enhancing Singapore's energy security and its contribution to the country's energy transition goals. It will discuss the strategic advantages of FSRUs, their role in diversifying LNG imports and increasing storage capacity, and how they can support Singapore's position as a global LNG trading hub.

  • Diversification of LNG Imports and Enhancing Supply Chain Resilience: How FSRUs can help Singapore diversify its LNG imports from diverse sources worldwide, reducing reliance on specific suppliers and strengthening supply chain resilience.
  • Supporting Singapore's Energy Transition and Clean Energy Goals: Examining how FSRUs can support Singapore's transition towards a cleaner energy mix by facilitating LNG imports and enabling a gradual shift away from more polluting fuels.
  • Enhancing Energy Security and Regional Trading Opportunities through a Second FSRU Unit: Discussing the implications of Singapore's second FSRU unit, exploring its impact on the country's energy security, LNG trading capabilities, and regional market dynamics.

14:10 - 14:50

CEMENTING SINGAPORE’S POSITION AS THE PREMIER FSRU CONVERSION HUB

Singapore has firmly established itself as the global leader in FSRU conversions, capitalising on its strategic location, experienced shipyards, supportive government policies, robust infrastructure, and a thriving FSRU ecosystem. However, in the face of increasing competition and evolving market demands, it is crucial for Singapore to proactively reinforce its position as the premier FSRU conversion hub. This session will delve into the strategic approaches and future initiatives that can solidify Singapore's dominance in this dynamic industry.

  • Embracing Technological Advancements: Embracing cutting-edge technologies such as digital twins, artificial intelligence, and advanced automation to enhance conversion efficiency, reduce costs, and optimise project timelines. Includes investing in research and development to pioneer next-generation FSRU conversion techniques, such as carbon capture, utilisation, and storage (CCUS) integration.
  • Adapting to Evolving Market Trends: Conducting market research to identify emerging trends in the FSRU industry, such as demand for smaller-scale FSRUs and conversions for alternative feedstocks. Proactively adapting shipyard facilities and conversion processes to cater to the evolving needs of FSRU owners and operators.
  • Fostering Industry Collaboration: Strengthening partnerships between shipyards, engineering firms, equipment suppliers, and research institutions to foster innovation and knowledge sharing.

14:50 - 15:30

TEA-BREAK

FSRU OPERATIONS AND TECHNICAL

15:30 - 16:00

TECHNOLOGICAL EVOLUTION IN FSRU DESIGN: LESSONS LEARNED AND FUTURE INNOVATIONS

Since the first FSRUs were launched in the early 2000s, the technology installed in FSRUs have grown by leaps and bounds. More vessel designs and concepts have come into play, newer and cleaner engine systems have been introduced and more technologically superior systems have been installed into newbuilds and even converted vessels. This session will explore some of the technological evolution in FSRU design, and shed some light into some of the possible innovations that could be incorporated into future projects.

16:00 - 16:30

CYBERSECURITY CONSIDERATIONS FOR FSRU PROJECTS

16:30 - 17:00

FSRU – A SUSTAINABLE AND INNOVATIVE SOLUTION IN THE ERA OF ENERGY TRANSITION