Better Data Better Decisions Fuad A. Al-Zayer Coordinator, Energy - PowerPoint PPT Presentation

| Better Data – Better Decisions Fuad A. Al-Zayer Coordinator, Energy Data Transparency – JODI, IEF, Riyadh

Who is the IEF? International Energy Forum (IEF)

IEF Key in Global Energy Dialogue Created by Ministers for Ministers

IEF Member Countries Account for around of Global Oil and Gas Supply & Demand

IEF Industry Advisory Committee (IAC) Values IEF Neutrality and Convening Power

Neutrality and Cooperation IEF raises key issues - facilitates stakeholder engagement Ministers Consumer EU CEOs Officials G20 Producer Academi Experts a IGU Transit UNSD GECF APEC Eurostat IEA OPEC OLADE

The IEF and the Global Energy Dialogue The Road to Transparency

Transparency is at the Core of the IEF • Neutrality • Inclusion: Global Cooperation • Transparency (JODI)

Why Did Leaders asked for JODI? Why does the world need energy data transparency (JODI)?

Source: ICE 10% 12% 14% 16% 0% 2% 4% 6% 8% 1992 JODI was born as one of the solutions to 1993 1994 1995 Address Oil Prices Volatility 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

JODI Started with Oil: The Leader of Energy Sources 40 % 35 35 35 32 30 30 29 29 30 27 26 24 25 23 23 20 15 10 6 6 6 6 5 4 4 4 4 5 3 3 3 3 1 1 1 0 2009 2010 2020 2035 Oil Coal Gas Nuclear Hydro Biomass Other Renewables Source: OPEC World Oil Outlook 2014 11

JODI Started with Oil: Oil price variation impacts other energy prices $/b $/tcf y-o-y Gas Oil $/st y-o-y Coal 80% 120 12 25% 45 20% 40 60% 100 10 15% 35 40% 10% 80 8 30 5% 20% 25 60 6 0% 0% 20 -5% 40 4 15 -20% -10% 10 -15% 20 2 -40% 5 -20% -60% 0 0 -25% 0 1998 2001 2004 2007 2010 2013 1998 2000 2002 2004 2006 2008 2010 2012 2014 1998 2000 2002 2004 2006 2008 2010 2012 2014 Source: EIA

The Journey of JODI: From Year 200 to Present Much Progress Made on JODI since Launch in 2000

The Journey of JODI: A Concrete Outcome of the Producer-Consumer Dialogue Moscow Riyadh Riyadh Public Release of Public Release of JODI-Oil Trade Data 2014 Mar 08 World Database Nov 05 Kuwait GECF 2012 Joins Apr 14 Cancun  2 nd Edition JODI-Oil 2010 Manual  JODI-Gas Manual  Launch JODI Gas Rome 19 November 2005 Launch of 2008 JODI Database by King Abdullah New Delhi Apr 15 Doha Doha JC12 2006 May 12 Beijing GDTC2 Extended JODI Oct 11 Questionnaire A’dam Moscow JC8 2004 Oct 10 GDTC1 Quito Rabat Osaka Jun 09 Oct 12 2002 JT JC7 7 Riyadh Riyadh Nov 06 2000 JC6 Ankara Launch of the JODE Nov 09 Bali JODE – JODI Bangkok JT5 Oct 04 (permanent Cairo Sep 08 mechanism) JC5 Algiers KL Oct 03 JT Decision to make Mexico Oct 07 Nov 09 Database Public 4 JC4 J’burg May 02 JT JT Riyadh Focus on Data Jan 07 JC3 Quality Caracas 3 6 Nov 01 JT Bangkok Aug 06 JC2 Apr 01 2 JT JC1 1

High profile launches of JODI-Oil & JODI-Gas

Intense Dialogue and Cooperation to Make JODI Happen • JODI Conferences • Capacity Building (Regional Trainings) • Coordination Meetings with JODI Partners • Monthly Update of Database, manage the JODI Website, etc. • Continues Interaction with: Leaders, Stakeholders, Users, Media, & Researchers to Increase Visibility

JODI Conferences: Key to Advance JODI Forward

Capacity Building: A Key Deliverable of Energy Transparency

How JODI Works JODI World Databases

Intense Efforts to Extend JODI-Oil Reach

7 More JODI-Oil Participating Countries since 2014 May 2014 101 Armenia Belarus Gambia Niger Tajikistan the FYR of Macedonia Mauritius May 2015 108

Intensive Efforts to Extend JODI-Gas Reach:

2 More JODI-Gas Participating Countries since 2014 May 2014 77 Iraq the FYR of Macedonia May 2015 79

JODI Workshop with Energy Community March 2015

Progress from Energy Community Contracting Parties • Ukraine and the former Yugoslav Republic of Macedonia are participating in the JODI Initiative. • Moldova's submitted JODI questionnaires for both oil and gas in August. • Montenegro and Serbia are expected to begin participating in JODI with monthly data very soon • Albania, Bosnia and Herzegovina and Kosovo * to be ready by the end of 2015.

JODI: High on the Political Agenda The 4th Asian Ministerial Energy Roundtable April 2011, Kuwait City G8 Actions on Energy & Climate Change May 2012, Camp David, USA 14 th International Energy Forum May 2014, Moscow 4 th IEF-IGU Ministerial Meeting November 2014, Acapulco Mexico G20 Meetings and Summits

Featured regularly in international media

Feedback From Leaders “ ...we commit to strengthen Joint Organisations Data Initiative by ensuring greater visibility, more complete and comprehensive data, enhanced access and improved availability, and by maintaining support for capacity building. We look forward to the launch of JODI- Gas at the earliest date possible…” - G20 Leaders Declaration: September 2013 “.. The recent launch of JODI-Gas at the 14 th IEF Ministerial was an important step to bring about data transparency to gas markets…” - Dr Aldo Flores- Quiroga, SG IEF at 4 th IEF-IGU Mexico: November 2014 “ There was strong support for the progress on the usage and data capture, particularly with the launch of JODI Gas last year. Some members suggested expanding JODI to new energy resources ...” G20 ESWG Meeting Turkey February 2015

Feedback From Researchers and Users “Whenever we ask Ali Naimi about Saudi Arabia Production, he always tells us to check JODI website. ” WAEL MEHDI, Energy Correspondent - Bloomberg News “JODI is more than just a statistical exercise. It is in response to the demands of policy makers and analysts to increase transparency in those markets. ” Graham White, Former Director of International Energy and Technology, Department of Energy and Climate Change, UK “JODI is an invaluable database that allows oil market analysts easy and ready access to understand the supply and demand fundamentals of the energy market. ” - Octavio Santa Gadea, Trading Strategist, Phillips66 International Trading Pte, Ltd. “Energy Security is linked to decisions, based on high quality data.” GAURI JAUHAR, DIRECTOR – CONSULTING & RESEARCH – IHS India

Market data transparency matters Both producers and consumers will benefit from a more stable and transparent energy market

Why the need for enhanced transparency in energy markets? Long-term Short-term • Annual budgeting • Strategic planning • Purchase decisions for • investment decisions power generation • Long-term contract • Informed trading decisions. decisions • Short-term market analysis.

Energy Data Transparency “..JODI Everyone matters..” “..JODI is not database. JODI is a commitment..”