Energy Supply, Demand & Dialogue

Transcription

1 Energy Supply, Demand & Dialogue Noé van Hulst, Secretary General, International Energy Forum (IEF)

2 Main Global Energy Trends The IEF Consensus World Energy Demand Grows Significantly Fossil Fuels Dominate the Energy Mix Increasing Interdependence

3 International Energy Forum IEF covers key producing, consuming and transit countries including those outside IEA and OPEC More than 90% of Global Oil & Gas Supply and Demand

4 Mission of IEF

5 Key Results from IEF12 Cancun, March 2010 Investment Transparency Sustainability Platforms for Dialogue 3 rd Workshop on Asian 2 nd IEF IGU Ministerial 2 nd CCS Symposium Energy Outlook (Jun 2010) Gas Forum (Nov 2010) (May 2010) 4 th Asian Ministerial Energy Energy Efficiency Roundtable Symposium (H1 2011) (Apr 2011) 2 nd NOC IOC Forum 2 nd Energy Poverty (Apr 2011) Symposium (H2 2011) Approval of IEF Charter Ministerial Meeting (Feb 2011) Research & Analysis IEA / IEF / OPEC Workshop on Financial and Physical Markets (Nov 2010) IEA / IEF / OPEC Forum of Regulators Meeting (Nov 2010) IEA / IEF / OPEC Symposium on Energy Outlooks (Jan 2011) Data Transparency (JODI) Assess Extension to Annual Data (Fall 2009) JODI Internship (Jun 2010) JODI Training Workshop (L. America Jul 2010) JODI Gas Symposium (Oct 2010) 8 th JODI Conference (Fall 2011) Input to IEF13 Ministerial in Kuwait, 2012

6 Cancun Ministerial Declaration Enhanced IEF framework Mitigating energy market volatility Approved by 66 countries All major energy players

7 Enhanced IEF Framework Reinforce commitment (producers / consumers / transit) Safeguard informality of dialogue More informed and fruitful dialogue Draft IEF Charter Extraordinary IEF Ministerial Meeting 22 February 2011

8 Mitigating Energy Market Volatility IEA / IEF / OPEC cooperation Shared analysis of future trends Linkages - physical and financial markets Enhancing data transparency (oil, gas, investment) Strong support from G20

9 Workshop on the Linkages between Physical and Financial Markets 22 November 2010, London, United Kingdom Wide divergence of views: fundamentals vs financials Consensus: greater transparency (oil inventories, OTC)

10 Forum of Regulators 23 November 2010, London, United Kingdom Need for international coordination of regulation Need for constructive horizontal dialogue between physical / financial oil markets

11 Symposium on Shared Analysis of Energy Market Trends and Outlook 24 January 2011, Riyadh, Saudi Arabia Need for harmonisation of definitions Need for better explanation of divergences

12 Number of countries with smiley face Enhancing Data Transparency Report to G20 Finance Ministers (April 2011) Oil spot market prices - assessment by oil price reporting agencies Joint Organisations Data Initiative (JODI) Performance since 11 th IEF Ministerial (Rome 2008) JAN-JUN 2008 JUL-DEC 2008 JAN-JUN 2009 JUL-DEC 2009 JAN-JUN 2010 J J J Submission Timeliness Completeness

13 Extension to gas and annual investment data Monthly gas data supply, demand, stocks Cooperation with all relevant organisations (including GECF) Annual data, start with oil capacity expansion, upstream / downstream critical for demand / supply balance medium - term

14 NOC IOC Cooperation Huge investment challenge (> $25 trillion up to 2030) Innovative long-term partnerships General principles or guidelines as a tool 2 nd NOC IOC Forum (Total / Saudi Aramco 2011)

15 Energy Efficiency IEF as a platform to engage developing countries Discuss policies, share best practices G20: Tackle inefficient fossil fuel subsidies IEF Symposium 2011

16 Energy Poverty Lack of access is inhibiting development Fighting energy poverty 9 th MDG New impetus Energy for the Poor Step-up all efforts

17 The Way Forward Draft IEF Charter Deliver IEA / IEF / OPEC cooperation programme Strengthen IEF s neutral facilitator role Deliver concrete results on transparency, investment, and sustainability for IEF in Kuwait 2012 & G20

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