World Energy Cities Partnership
What is the World Energy Cities Partnership?
The World Energy Cities Partnership (WECP) is a collaboration between 13 "energy cities" around the world, of which the City of Perth is a member.
City membership of the WECP allows the exchange of petroleum industry knowledge and economic and infrastructure development strategies, which is important to help each city in its common task of supporting the local energy sector. In addition to city collaboration, the WECP provides a worldwide network of industry support services and resources, and it facilitates trade missions for local businesses to travel to member cities and capitalize on business development opportunities.
The mayor of each city heads the membership, with local government officers assisting in the partnership's activities. This collaboration provides a worldwide network of opportunity for the businesses within the member cities, and it also provides local governments with shared knowledge and resources to assist in economic development activities.
For the cities involved in WECP, their natural primary market sectors are energy and environment-related technology, although the food industry, tourism, and the public sector also are potential sectors for cooperation.
WECP increases the stream of information flowing between member cities and gives everyone who contacts the network expanded opportunities.
The significance of City of Perth as a member
Western Australia is a national and internationally significant hydrocarbon-baring province. It's daily oil, condensate, gas and LNG production leads the nation. In 2002-2003 the State's petroleum production was worth $10.6 billion out of a total mineral and energy production of $27.6 billion.
Of the seven major sedimentary basins in the State, five have produced significant hydrocarbon shows. In 2003 there were 44 production fields. Of these, 14 fields are onshore, and 30 offshore.
Western Australia has an expanding oil and gas sector. Gas reserves of 140 trillion cubic feet in large to giant gas fields underpin the states current LNG production of 7% of global LNG sales. The northwest offshore region is now recognised as a world class natural gas province, one of the 10 largest in the world. It also contains large oil fields.