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Southeast Asia

SE Asia comes to LAGCOE (FTA) with the United States.

Laissez les bons temps rouler. Deep in the heart of Louisiana oil “Now with Sabine Pass winning country, US representatives from two Asian trade organizations approval, there’s a very strong market in made the case for local investment at the 2013 Louisiana Gulf

Southeast Asia, Japan, and China. There’s a strong opportunity for Louisiana, when

Coast Oil Exposition (LAGCOE), held in Lafayette.

it comes to LNG exports,” Toh said to OE

By Audrey Leon international presentations at the 2013 following his presentation.

he International Energy Agency LAGCOE conference. The delegates were Singapore already represents a (IEA)’s new World Energy Outlook there not only to drum up business part- very important market for the state of

T 2013 report, which releases this nerships but to drive the kind of technol- Louisiana. According to a recent report month, noted that Southeast Asia’s energy ogy sharing that will allow the two Asian by the World Trade Center New Orleans, demand has risen countries to develop Singapore is Louisiana’s third largest 250% since 1990, their oil and gas, and foreign export partner – behind China and the region’s manufacturing assets. (second) and Mexico (frst) – representing energy demand is set Boon Ho Toh, direc- US$1.53 billion in 2Q 2013, up 44% over to increase 80% by tor for the International the same period last year. 2035. IEA’s data states Enterprise Singapore, “Once Congress approves those export that oil demand will based in Los Angeles, markets and LNG fows come in, it will rise from 4400b/d believes Lafayette’s be very positive for Louisiana and for today to 6800b/d in oil and gas industry Lafayette,” Toh said. “We [Singapore] 2035. Natural gas is could beneft Singapore defnitely look forward to that. There’s expected to increase by 80% to 250 Bcm. as the country seeks to develop more a strong LNG demand in Asia, and if

The IEA’s data shows costs and potential deepwater, and harsh environment felds. you have the supply, I can assure you, supply disruptions. In addition, with Asia’s strong demand that we will be standing in line, ready

Representatives from Malaysia and for LNG imports, Singapore is in better to buy.”

Singapore’s trade organizations were two position than most, as it is one of only 20 IEA’s data shows that declines in of the featured speakers at this year’s countries holding a free trade agreement mature felds coupled with limited

Boon Ho Toh, director for the International Enterprise Singapore, addresses crowd at LAGCOE.

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