WGC 2012: showcasing the global gas industry

September 11, 2012

Dateline 2012-08-00:

Every three years the World Gas Conference, hosted by the International Gas Union, is held to share findings from the previous research triennium and bring world leaders, executives and specialists together. The 25th World Gas Conference was held in Kuala Lumpur, Malaysia, from 5–9 June 2012, with the theme Gas: Sustaining Future Global Growth.

Since 1931 the International Gas Union (IGU) has promoted the technical and economic progress of the gas industry all over the world and is regarded as the most influential independent non-profit organisation serving as spokesman for the global gas industry.

The conference presented a staggering collection of ideas, experience and networking and was attended by 5,300 people from 90 countries, representing over 95 per cent of the global gas market. In addition over 13,800 people came to the exhibition to visit 220 exhibiting companies. Walking through the exhibition gave you a taste of each company’s capabilities and projects, amongst the largest in the world, as well as their national customs.

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Posted by Wata

Is Petronas an ungrateful child of Malaysia?

August 1, 2012

I am standing waaaaay back from this author, next time he is invited to a press meet.

Dateline 2012-07-12:

In early June Petronas hinted publicly at the World Gas Conference that they are tired of being the Malaysian government’s cash cow. They said no to fuel subsidy and last year they said they wanted to pay less dividends! Is Petronas ungrateful? The money belongs to the rakyat anyway and hence the government.

While many have attempted to comment on the sustainability of Petronas’ payouts, this article aims to give some insights into the realities of the local oil & gas industry, and why returning all oil harvests back to Malaysians may not benefit them in the longer run.

In 1974, Petronas, fully owned by the government of Malaysia, was established and given full ownership and control of our Petroleum reserves. Today, it has evolved into a fully integrated oil and gas multinational corporation, ranked among FORTUNE 500’s largest and most profitable oil and gas corporations with a total workforce of more than 30,000.

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Posted by Wata

World Gas Conference

June 17, 2012

Some photos from my visit to the World Gas Conference, held in KL

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Posted by Wata