Senior oil and gas industry executives are set to discuss the future of the shale gas revolution and concerns over oil price discovery at an energy council, to be held in Korea.

The World Energy Congress will take place at the Exco Exhibition and Convention Centre, Daegu from October 13 to 17 and will feature speakers from a wide range of leading national and international companies active in the oil and gas sector.

Government ministers from influential oil nations from Africa, Asia, Europe, the Americas, and the Middle East will also be contributing to the debate.
 
Christoph Frei, secretary general, said: “World energy markets are in a state of flux, and uncertainties abound. The shale gas revolution has caused ripple effects around the world.

"It has offered North America renewed hope of being energy self-sufficient, is fuelling Russia’s new position in gas, altering the global flow of energy trade, and opening up for the first time the possibility of the delinking of oil and gas prices. The global energy map is being redrawn.”

The headline sessions in the congress include Shale gas and oil: is it just a bubble?; Focus Russia: Key policy innovations and international cooperation in a transformed energy world; Oil price transparency: improving the international price discovery process; North America: Energy self-sufficient by 2025?; New dynamics of Asian LNG markets; and the rise of NOCs and Independents: More of the same or changing the game?

Hwan-eik Cho, chairman of the organising committee, said: “The debate of these issues could not be more timely. With natural gas, in particular, being positioned as a means of delivering secure, lower carbon energy across the world, it is important to agree a framework within which oil and gas technologies can be implemented that integrate with other energy sectors.” - TradeArabia News Service