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제목 EAST ASIA ECONOMIC SUMMIT 2002...SUMMARY... 2002.10.17

출처: 대성그룹 홍보팀



EAST ASIA ECONOMIC SUMMIT 2002 KUALA LUMPUR, MALAYSIA 6-8 OCTOBER SUMMARY Sunday 6 October 16:10~17:20 Meeting the Region's Energy Needs * Pian bin Sukro, Younghoon David Kim, Mohd Hassan Marican * Graeme Robertson * Dilip Chenoy, moderator With the looming threat of war against Iraq by the US-led coalition, the concern among energy producers and energy consumers appears to be the security implications of ensuring a stable energy supply, and how this will affect Asia's rising energy demands. East Asia is the third largest energy producer in the world, after Saudi Arabia and Russia, but as a region, it consumes about 21% of the world energy. And this will rise to 35%, noted moderator Dilip Chenoy, Deputy Director-General, Confederation of Indian Industry, India. East Asia will definitely be hard-pressed to keep up with demand, despite the fact that Asia has many untapped reserves, he said. So the question is: What will be the most efficient way for Asia to tap ?and share ?its energy resources. The answer is in pipelines, particularly cross-border pipelines that connect producer and consumer nations, said Younghoon David Kim, Chairman and Chief Executive Officer of the Daesung Group, Republic of Korea. There are two projects currently being constructed that are expected to resolve this issue: the 4,000 km North-East Asia pipeline and the 5,000 km Asian gas pipeline, he explained. "Gas is the fuel of choice,"he noted. In the past, there was cut-throat competition between PNG and LPG producers, but now both types of fuel are complementary, and producers are now willing to work together. Once the projects are completed, it will create clusters of supply for the region. Both pipeline projects are seen as a platform for Asian interconnectivity, and Kim is optimistic that this will lead to Asian cooperation. But are countries willing to share their natural resources? This was a question posed by Mohd Hassan Marican, President and Chief Executive Officer of Petronas, Malaysia. With fuel being a depleting resource, governments have to be careful about limiting production capacity. This is at odds with the role of MNCs in oil exploration and exploitation activities. This role can be looked at either from a constructive or destructive aspect. Financial strength, knowledge and development of the human capital are the constructive aspects, while the destructive end is the conflict between the desire of MNCs for profits in its explore-and-exploit and the country's need to balance supply and resource protection. Pian bin Sukro, President and Chief Executive Officer of Tenaga Nasional Berhad, Malaysia, agreed with Kim about gas being the fuel of choice. "LNG has better economy of scale in production,"he explained. Gas is environmentally friendlier, and cleaner and easier to process. Hence, the infrastructure costs for gas production look more attractive to investors. Both east and west Malaysia produce gas, with east Malaysia's gas going to the export market and the other for domestic consumption. On the issue of environmental friendly fuels, Graeme Robertson, President Director, P.T. Adaro Indonesia, Indonesia, pointed out that while environmental concerns are crucial, so are the country's needs. And Indonesia has to balance between environmental concerns with the need to supply electrification for rural Indonesia. And coal appears to be the fuel of choice. He added that Indonesia has the cleanest (ash-less) coal, compared to Australia and China. Moreover, coal is easier to transport, compared to the pipelines needed for oil and gas. The problem, however, lies in unlicensed coal mining, Robertson said. Several other interesting points emerged from the panel discussion: * Kim on fuel stockpile: With the threat of war against Iraq in the picture, there is concern about meeting energy demand in the event that supply is cut off or disrupted. Among the East Asian countries, China will be most affected as it has a

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