Programme

SHIFTING LANDSCAPE USHERS IN A NEW ERA FOR GLOBAL OIL AND GAS MARKETS

Global Economy: New Challenges and Shifting Horizons
Bloomberg Teledebates
Pavilion 4, Conference Hall 4.2

Moderator:
Ryan Chilcote , Reporter, CBS News

Panellists
Ben van Beurden , Chief Executive Officer, Royal Dutch Shell Plc
Alexander Dyukov , Chairman of the Management Board, Chief Executive Officer, PJSC Gazprom Neft
Mario Mehren , Chief Executive Officer, Wintershall Holding GmbH
Alexander Novak , Minister of Energy of the Russian Federation

Front row participants
Grigory Vygon , Managing Director, VYGON Consulting
George Kobulia , Senior Partner, McKinsey & Company
Peter Parry , Partner and Global Head of Oil and Gas Practice, Bain & Company

Broadcast

Key moments

In general, we are bullish on gas. Gas will continue to grow faster than oil.
Ben van Beurden
The Arctic can and probably will play a very significant role in the future supply of oil and gas.
Ben van Beurden
I believe that a price of USD 75–80 per barrel will satisfy both producers and consumers in a year’s time.
Alexander Dyukov
The devaluation of the Russian currency has created new opportunities for both the Russian economy and the domestic oil and gas sector.
Alexander Novak
We have [one more] moral obligation. That is to provide affordable energy to the many people in the world who currently don’t have access to it.
Ben van Beurden
A price of USD 50 or 60 per barrel does not frighten oil companies at all given their growing operating efficiency and the weakening of the rouble, as well as a tax regime that enables us to be efficient even when prices are low.
Alexander Dyukov