Powering the Asian Century A Supply and Demand Equation

Powering the Asian Century A Supply and Demand Equation

The inaugural event of the series was hosted by the Department of Foreign Affairs and Trade and held on the 10th December 2013 in Perth and featured expert speakers from both Chinese and Australian organisations, including EMI’s Deputy Director Mark Stickells.

Australia-China Young Professional Initiative’s (ACYPI) “Australia-China: Deepening the Relationship” is a series of events that look at the growth industries of tomorrow that will enhance and expand business, political and people-to-people links between Australia and China.  The ACYP Initiative supports deepening the relationship between Australia and China through the roles of young professionals who will be called on to innovate, shape and expand on how our respective nations develop and mutually prosper.

At the sold-out event several speakers presented their views on “Powering the Asian Century: A Supply and Demand Equation”.

http://www.austcfs.org/sites/default/files/styles/slideshow_medium/public/gallery/thumbnail/ACYPI-Perth7.jpeg?itok=cnduplm6

The Chinese speakers who showcased China and its remarkable growth and demand for Australia’s resources were Mr Lu Yongfeng, Chief Representative in Australia for the China National Offshore Oil Corporation (CNOOC) and Dr Xiang Weidong, the Managing Director of Energy Metals. Mr Lu’s presentation set the scene by noting that CNOOC is the largest offshore oil and gas producer in China and that Australia is its second largest investment destination. DFAT’s State Director, Mr Michael Wood provided the opening presentation.

The speakers provided perspectives on the Chinese energy market and Australia’s role in the international energy market. Some of the facts highlighted in the event were:

  • 40% of China’s LNG imports are from Australia.
  • China is growing quickly in the renewable clean energy space, including that of hydropower, wind, nuclear and solar power – China has invested USD$165 billion into clean energy.
  • 5% of China’s total energy consumption is from Coal (fossil fuel).
  • 31% of the global uranium production is in Australia.
  • Australia shares its time zone with 60% of the world’s population.

The inaugural event of the series was hosted by the Department of Foreign Affairs and Trade and held on the 10th December 2013 in Perth and featured expert speakers from both Chinese and Australian organisations, including EMI’s Deputy Director Mark Stickells.

Australia-China Young Professional Initiative’s (ACYPI) “Australia-China: Deepening the Relationship” is a series of events that look at the growth industries of tomorrow that will enhance and expand business, political and people-to-people links between Australia and China.  The ACYP Initiative supports deepening the relationship between Australia and Australia shares its time zone with 60% of the world’s population.