IEF Energy Analyst, Mr. Aurangzeb Qureshi, represented Dr Sun Xiansheng, Secretary General, International Energy Forum, at the Global Forum on Energy Security which was co-hosted by the Institute of Quantitative and Technical Economics (IQTE) at Chinese Academy of Social Sciences, the Institute for the Analysis of Global Security (IAGS), and the United States Energy Security Council (USESC) in Beijing on 18-19 June 2018. The Global Forum on Energy Security has become China’s premier international platform for deliberations on the changing global energy landscape and China’s role in global energy security that aims to promote research and information exchanges on energy security among think tanks, government officials, diplomats and industry leaders,
The 2018 conference was focussed on how energy governance and innovation play a role in China’s “New Belt Road Initiative” (BRI) given the importance and scale of the BRI as it relates to global energy security. Presentations focussed on the future of China’s energy demand followed by projects dedicated to the promotion of development and connectivity. Sustainability was also an important topic throughout the conference. The future of energy as it pertains to “smart society” was discussed at length through presentations by think tanks and companies specialising in renewable energy solutions.
The forum also addressed energy geopolitics featuring speakers from Chinese and American think tanks with special emphasis on energy governance and President Xi Jinping’s geopolitical and geo-economic vision in Eurasia. Detailed analysis of developments in Asia Pacific oil and gas markets including Asian refining and trade and LNG upstream, downstream, transportation and infrastructure dynamics were also discussed. The forum contributed to sharpening collective focus on the development of the LNG industry in China, the future of LNG imports in light of increasing coal to gas switching, and related new investments in gas storage.