The 4th Shanghai International LNG Shipping Forum, an annual event of the global LNG shipping community, was held on December 22, 2022 online. The forum is co-hosted by COSCO SHIPPING Energy Transportation Co., Ltd. (COSCO SHIPPING Energy), Mitsui O.S.K. Lines, Ltd. (MOL) and Shanghai Oil and Gas Trading Center. Zhu Maijin, Managing Director of COSCO SHIPPING Energy, Kenta Matsuzaka, Director and Managing Executive Officer of MOL, and Zhang Chunjun, Deputy General Manager of Shanghai Oil and Gas Trading Center delivered speeches.
With the theme of “Opportunities and challenges of LNG transportation industry chain and supply chain under a changing environment”, the forum discussed plans of increasing the resilience of LNG industry supply chain, analyzed and explored the new development and new track of LNG by focusing on the “safety of LNG resources, industry chain and supply chain” and the goal of “emission peak and carbon neutrality”. The forum aims to provide solutions and schemes for the high quality development of the LNG industry through coordinated efforts. Nearly 4000 LNG industry professionals from different countries attended the forum online.
Zhu Maijin, Managing Director of COSCO SHIPPING Energy delivered a speech.
He noted: “Energy security in the changing situation relies on the coordination of the whole industry chain. We will work together with all parties along the chain to build an energy security concept of symbiosis and win-win, promote the efficient locking of LNG resources, and empower future sustainable development. China solutions will deepen the cooperation of LNG industry chain. We will take the safe and high quality development of the industry chain as the starting point, and provide the world with Chinese solutions and wisdom in the LNG transportation industry. Green and low-carbon transformation relies on the power of technology with digital intelligence empowerment as the core. We will collaborate with all parties to explore a new approach of zero emission across the whole industry and the whole cycle, and promote the building of a new business model of green and low-carbon transformation. New market opportunities will lead to the expansion of new market segments. We will work with our customers to explore new development tracks and new growth points, seize new opportunities and new markets, and jointly draw a new blueprint for the high-quality development of the LNG industry chain.”
Kenta Matsuzaka, Director and Managing Executive Officer of MOL said in his speech:
“In recent years, zero carbon emissions have been recognized as a common goal for human society to achieve sustainable development. To achieve this goal, the world has accelerated investment in renewable energy, rather than hydrocarbons. However, the energy crisis this year has reminded us of the importance of diversified energy sources, including hydrocarbons. In this context, we believe that the importance of LNG is highlighted as an energy solution with relatively low carbon emissions, high energy availability, and high feasibility. China has become one of the world's largest importers of LNG. It is clear that China will continue to play a key role in shaping the future of the LNG industry. MOL will actively participate in the LNG value chain, particularly in the transportation and construction of receiving terminals.”
Zhang Chunjun, Deputy General Manager of Shanghai Oil and Gas Trading Center said in his speech:
“Natural gas, as a low-carbon fossil energy source, still has a large growth potential for quite a long time in the future. Low-carbon and zero-carbon technology will also become the future development route of maritime transportation. The healthy development of the natural gas supply chain is conducive to ensuring China's energy supply security, advancing the process of energy revolution, and maintaining the sustainable and healthy development of the energy economy. On December 9, General Secretary Xi Jinping attended the first China-Gulf Cooperation Council Summit and delivered a keynote speech. He proposed that China is willing to work with GCC countries to build a new pattern of three-dimensional cooperation in energy, continue to import large quantities of crude oil, expand the import of liquefied natural gas, and make full use of the Shanghai Oil and Gas Trading Center as a platform to carry out RMB settlement of oil and gas trade. The new expectations and opportunities will boost deeper cooperation in the LNG energy trade and transportation industry chain and contribute to the energy security and healthy development of the industry.”
Zhang Chunjun, Deputy General Manager of Shanghai Oil and Gas Trading Center; Zhao Long, Assistant Director and Fellow (Professor) of the Institute for Global Governance Studies at Shanghai Institutes for International Studies (SIIS); Gao Bo, Chief Representative of Fearnleys Shipbroking Co., Ltd. in China; Li Yuan, Director of Cheniere Energy China; Dr. Peng Guisheng, Special Assistant of Chief Engineer of Dalian Shipbuilding Industry Co., Ltd.; Captain Shan Kai, Ship Management Expert of COSCO SHIPPING (Hong Kong); Tang Chao, General Manager of Northern Marine Group; Ashida Tetsuro, General Manager of FOCUS project team of Intelligent Shipping Promotion Department, MOL Technology Innovation Headquarter; and Shen Tao, Head of Global Sustainability Center of American Bureau of Shipping (ABS) Shanghai, gave keynote speeches online, and discussed various topics including domestic and international political and economic situation, green development, resource safety, ship crew management, and other topics. The exchange of ideas led to a call for high-quality development.
The success of the 4th Shanghai International LNG Shipping Forum will help promote closer cooperation in the LNG industry supply chain and transportation chain, promote the industry to cope with the opportunities and challenges through coordination in the new situation, promote LNG supply security and low-carbon energy transformation, and help realize a new future of high-quality development of the international LNG industry.