IEF Secretary General delivers 2nd GECF Gas Lecture of the Year
His Excellency Dr Sun Xiansheng, Secretary General of the International Energy Forum (IEF) delivered the second edition of the 2019 series of the Gas Exporting Countries Forum’s (GECF) monthly lectures.
Dr Sun is an accomplished authority not only on energy policy-related matters, but has ample industry experience, covering both oil & gas production, trading and pipeline construction, gathered through the various roles he held at China National Petroleum Corporation (CNPC).
Dr Sun holds a Master of Laws and Ph.D. from the Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP), University of Dundee, UK.
In his current role as the Secretary General of the IEF, an intergovernmental organization that aims to foster greater mutual understanding and awareness of common energy interests among its members, he has contributed greatly to the global dialogue on energy. The organisation has 72 member countries and between themselves account for the bulk of global supply and demand for oil and gas.
Considering their similarities and aligned interests, such as encouraging the dialogue between producers and consumers, the GECF and the IEF have been collaborating for several years, an example of that being their joint work on the Joint Organisations Data Initiative (JODI-Gas). And while the focus of the GECF is on natural gas as the cleanest, most efficient and most versatile source of energy, similarly to the IEF, it looks at the interrelation between gas and other energy sources as well as the sustainable growth of gas markets.
Both organizations are united in their belief that achieving the United Nations Sustainable Development Goals (SDGs), and especially SDG 7 ‘Ensure access to affordable, reliable, sustainable and modern energy for all’ is of prime importance.
It is in this light that Dr Sun Xiansheng delivered his lecture entitled ‘Global Energy Security: The Role of Gas in Sustainable and Inclusive Growth’ at the GECF’s Headquarters in Doha on Thursday 21 February.
After some introductory words by Dr Sentyurin, Dr Sun underlined the critical role of natural gas in achieving sustainable and inclusive growth. This is a fact, he said, that has been proven by all major forecasting agencies, including OPEC and the International Energy Agency (IEA). In fact, he mentioned that the share of gas in the global energy mix will be no less than 25% by 2040. This figure also corresponds with the figures projected in the GECF’s own Global Gas Outlook 2040.
The IEF Chief went on to state that gas will continue to get momentum as it can be a solution to the Paris Agreement Goals.
Looking at producers, he said there are expected several new producers are expected to emerge, but Qatar will continue to be a steady producer through the forecasted period. In terms of the consumers, the IEF Secretary General mentioned there would be a shift to Asia, with China and India having the fastest growth rate.
Dr Sun then tackled the challenges lying ahead and the main way to mitigate them. He stressed there has to be a call for collaboration regarding policy and investment decisions and a necessity to develop infrastructure and pricing mechanisms. In order to ultimately reach energy security supply, he insisted that international and regional energy cooperation are crucial.
This is where His Excellency Dr Sun praised the role of the GECF and called for the organisations valued contributions to the dialogue.
In order to enhance this dialogue, which has been ongoing between both entities, the GECF will participate in the 9th IEA-IEF-OPEC Symposium on Energy outlooks next week, of which the GECF will be the fourth partner going forward.
Media coverage of Dr Sun’s address can be found here: