International Energy Forum The Global Dialogue in Oil & Gas Noé van Hulst, Secretary General, International Energy Forum (IEF)
Main Global Energy Trends The IEF Consensus World Energy Demand Grows Significantly Fossil Fuels Dominate the Energy Mix Increasing Interdependence
International Energy Forum IEF covers key consuming & including those outside IEA and OPEC IEF covers key producing, consuming and transit countries including those outside IEA and OPEC More than 90% of Global Oil & Gas Supply and Demand
Mission of IEF
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 (Feb 2011) (Apr 2011) 2 nd NOC IOC Forum 2 nd Energy Poverty (H1 2011) Symposium (H1 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
Cancun Ministerial Declaration Enhanced IEF framework Mitigating energy market volatility Approved by 66 countries All major energy players
Enhanced IEF Framework Reinforce commitment (producers / consumers / transit) Safeguard informality of dialogue More informed and fruitful dialogue Draft IEF Charter
Mitigating Energy Market Volatility IEA / IEF / OPEC cooperation Shared analysis of future trends Linkages - physical and financial markets Enhancing data transparency (oil, gas, investment)
Joint Oil Data Initiative (JODI) Performance since 2008
JODI Extension to natural gas underway Monthly data supply, demand, stocks Annual data capacity expansion, upstream / downstream Cooperation with all relevant organisations (including GECF) 2 nd IEF IGU Ministerial Gas Forum (Doha, 30 Nov 2010)
JODI Extension to natural gas underway Joint Gas Data Initiative Questionnaire Country Month Year Natural Gas m 3 (at 15 o C, 760 mm hg) Natural Gas Terajoules Indigenous Production 0 0 Imports 0 0 of which: LNG 0 0 Pipeline 0 0 Exports 0 0 of which: LNG 0 0 Pipeline 0 0 Stock Change 0 0 Gross Inland Deliveries (Calculated) 0 0 Statistical Difference 0 0 Gross Inland Deliveries Observed 0 0 of which: Power Generation 0 0 Closing level of stocks held on national territory 0 0 A B Mass to volume conversion factor of LNG (if you have specific figure) m 3 /ton Conversion factor LNG
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 2011)
Energy Efficiency IEF as a platform to engage developing countries Discuss policies, share best practices Symposium 2011
Oil Consumption Growth Rates 1998-2008 7% 6% 5% 4% 3% Annual Average Growth Rate Emerging Economies: 3.22% World: 1.38% OECD: 0.16% 2% 1% 0% -1% -2% -3% -4% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Emerging Economies World OECD
Gas Consumption Growth Rates 1998-2008 7% 6% 5% Annual Average Growth Rate Emerging Economies: 4.25% World: 2.90% OECD: 1.70% 4% 3% 2% 1% Emerging Economies World 0% -1% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 OECD -2%
Carbon Capture and Storage (CCS) Key to sustainability of fossil fuels CCS / EOR possible catalyst & stepping stone Need for: clear regulatory framework effective CO 2 price inclusion in CDM better communication 2 nd IEF / Global CCS Institute Symposium (Algiers, 31 May 1 June 2010)
Energy Poverty Lack of access is inhibiting development Fighting energy poverty 9 th MDG New impetus Energy for the Poor Step-up all efforts
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
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