International Energy Forum Global Energy Dialogue Noé van Hulst Secretary General International Energy Forum WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
IEF EF PROGRE ROGRESS S REP EPOR ORT T ON TH THE E OUTCO COME ME OF TH THE E JED EDDAH AH EN ENER ERGY Y MEE EETING NG International Energy Forum Global Energy Dialogue This presentation is based on the progress report prepared by the International Energy Forum Secretariat and is devoted principally to those areas of follow-up work that the Secretariat has been directly involved with. It does not claim to be comprehensive. Since the Jeddah Energy Meeting, a number of the issues raised there have also been taken forward by other agencies or in other fora. WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
Extreme Oil Price Volatility Extreme oil price volatility IEF Volatility-Index of Spot Oil Prices International Energy Forum Global Energy Dialogue …creates bias towards underinvestment WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
Energy Investment: Removing Key Uncertainties Jeddah Statement : International Energy Forum Global Energy Dialogue • Appropriate increase in investment both upstream and downstream is necessary to ensure that the markets are supplied in a timely and adequate manner. • Predictable energy and investment policies as well as better access to technology are necessary to this end. Progress : The IEF Secretariat will prepare… Report on “Unpacking Uncertainty” for IEF Ministerial in Mexico 2010 will identify key issues hampering investment projects both upstream and downstream. WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
Role of Technology, IOC/NOC Cooperation and Human Resources in the Petroleum Sector Jeddah Statement : International Energy Forum Global Energy Dialogue • Enhanced cooperation among international, national and service companies from all producing and consuming countries in investment, technology and human resource development. Progress : The IEF Secretariat (has) will organise … Symposium on technology in the petroleum sector (15 December 2008) to assess technological development targeted at improving future petroleum supply. IOC-NOC forum (30-31 March 2009) to assess avenues and opportunities to strengthen cooperation and partnership between IOCs and NOCs. Symposium on Human Resources crunch in the Petroleum Industry (13-14 April 2009) to discuss ways of mitigating this impediment to investment in the energy sector. WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
International Support to Help Developing Countries Jeddah Statement: International Energy Forum Global Energy Dialogue • Development assistance from national, regional and international finance and aid institutions, be intensified, to alleviate the consequences of higher oil prices on the least-developed countries. Progress : The IEF Secretariat will organise… Energy Poverty Symposium in 2009 to assess ways of reducing energy poverty in the least developed countries. WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
Promoting Energy Efficiency Jeddah Statement : International Energy Forum Global Energy Dialogue • Energy efficiency is promoted in all sectors through passing on market price signals, technology transfer and the sharing of best practices in energy production and consumption. Progress : The IEF Secretariat will provide… Further input on the importance of improving energy efficiency in producing and consuming countries to the 3 rd Asian Ministerial Roundtable in the spring of 2009 WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
Oil Data Transparency Jeddah Statement : International Energy Forum Global Energy Dialogue • Invited countries to improve the quality, completeness and timeliness of oil data submitted through the Joint Oil Data Initiative (JODI). • Called upon the seven JODI organizations to start work to cover annual data that includes, among other things, upstream and downstream capacities and expansion plans. Progress : The IEF Secretariat in cooperation with JODI Partners (has) will organise … Regular regional JODI training (Caracas, Johannesburg, Algiers, Bangkok). 7 th International JODI Conference (May 2009). Work in progress on annual JODI data on investment plans. WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
IEF Secretariat’s Christmas List International Energy Forum Global Energy Dialogue All countries present three smiley JODI-faces before Christmas/Eid 2009 Submit annual data upon request to help build new investment database …”Actions achieve more than words” (Euripides) WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
In Internat ternation ional al Ener ergy y Forum um International Energy Forum Global Energy Dialogue WWW.I WW .IEF EFS.OR .ORG.SA A WW WWW.JO JODI DIDATA.OR .ORG WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008
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