Subsea conference & exhibition to grasp rapidly growing energy opportunity in South-East Asia
23 March 2021
Subsea UK has today announced that its Subsea Asia event will return this November. The two-day conference and exhibition will take a deep dive into the changing outlook for the Asian energy market and provide a platform for the subsea supply chain to promote its technologies and capabilities into this fast-growing market.
Taking place in Kuala Lumpur on 16 and 17 November, the event will offer insight into the opportunities for the subsea supply chain in the region, against the backdrop of the global pandemic and severe disruption to the energy sector.
With the Malaysian Government setting the target of 20% electricity production for renewable sources by 2025, there is an urgent requirement for solutions to meet this four-year ambition. The Malaysian Government has also recently opened up its exhibition industry and created a mechanism for business travellers to return to Kuala Lumpur, creating the perfect conditions for Subsea Asia to make its anticipated return.
Organised by Subsea UK, in partnership with Koperasi Tenaga dan Petroliam (KTP) and Alun Jones, with strong support from the Malaysia Convention & Exhibition Bureau, Subsea Asia will provide an ideal platform for companies looking to explore and grow business in the region.
The call for speakers is open, with abstracts welcome on topics including subsea innovation, carbon capture technologies, digitalisation, automation and robotics, as well as new energy applications for solar and offshore wind. The deadline for abstracts is 17 September 2021.
Neil Gordon, chief executive of Subsea UK said: "Less affected by the impact of Covid-19 than other regions, estimated energy demand rose by 3% in 2020. It is a trend which is projected to rise further with renewable capacity in Asia-Pacific set for 58% growth in the next five years, according to analysis by Rystad.
"With fifty percent of new wind project installations in 2019 in Asia-Pacific, the region's commitment to renewables opens up huge potential for innovative UK companies that are already developing cutting-edge technologies with world-leading skills and expertise to meet the challenges and opportunities presented by the energy transition.
"With offshore wind now accounting for more than a quarter of subsea revenues and firms reporting increasing diversification into renewables. The Asian subsea market is a key area for growth.
"Subsea Asia provides a platform for our members to meet with key decision makers within the region, to exchange ideas and explore new business opportunities.”
To find out more about Subsea Asia, which is organised by Subsea UK and supported by KTP, visit https://www.globalunderwaterhub.com/11668/subsea-asia-2021
Subsea UK recently published the Asia-Pacific Market Summary, exploring the current regional outlook across the underwater sectors, including renewables. The report can be accessed at www.globalunderwaterhub.com/12151/asia-pacific-market-update-2020