Tze San Koh
ExxonMobil, President, China Gas Marketing
Presentation made at APAC Energy Assembly, April 21, 2021
Available for replay April 23, 2021
Alright, thank you, Irina. So my name is Tze San, and Im the president of China Gas Marketing of ExxonMobil based in
Beijing, China and has been in the industry and ExxonMobil for almost 30 years.
[Later]
Irina, thank you for the question. Definitely 2020 is an unprecedented year, right? And you see that the government responses to COVID-19 resulting in lockdowns, severe travel restrictions have really significantly reduced energy demand in the short term. However, it is also widely expected that the demand will recover in the
years ahead. And for example in China itself, some of you may already know, and, but for me. I came back to China in September last year, and I would say that almost every week or every other week Im on the road, and if you look at LNG demand
itself, you know, natural gas actually increased by about more than six percent, 2020 versus 2019. And for LNG imports actually increased by about more than 10%.
And looking ahead referring to IEA in its later publication of the World Energy Outlook, right? This is the assessment of the
COVID-19 impact both in this scenario, based on stated policy known as STEPS, as well as sustainable development scenario, which limit the rise in global average temperature to well below 2 degrees Celsius.
You will see that wind and solar are projected to see strong growth and, as expected, coals share in the energy mix will likely decrease, as the world shifts to lower emission energy sources. And oil and natural gas will continue to play an
important role in the world energy mix, each making up about more than 20% as commercial transportation. You know, for example, trucking, marine, as well as feedstock for chemical products, which will continue to see the demand growth. The projected
demand for oil and natural gas by 2040, approximately about 2 to 3% lower than its pre-COVID-19 projection.
[Later]
Yeah, sure, thank you. You know, as I mentioned
earlier, Ive been in the company for almost 30 years. So ExxonMobil really has a very long history of responsibly meeting societys evolving need for energy and in a very reliable and sustainable manner. And with a longstanding commitment
to investment in technology as well as the talent of our people, were really well-positioned to continue to provide the energy that is essential to improving life around the world while managing the risks of climate change.
And you mentioned about: So what can we do? Right? So definitely natural gas play a vital role in satisfying the energy needs of consumers worldwide while
helping to mitigate, right, the risk and reducing global emissions. And on top of that, right, natural gas is versatile, is abundant, lower emission view, and the use of natural gas in power generation, plays a really very important role. Irina
mentioned that earlier, and Dennis mentioned that as well. Now, in terms of you know how we compliment actually renewables right? Renewable power continue to grow as a source of electricity. Natural-gas fired
power generation stand out as a strong complement to renewables to ensure reliable and resilient power there.