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 Global Oil and Gas Supply & Demand

• f

IEF Industry Advisory Committee (IAC)

Values IEF Neutrality and Convening Power

Neutrality and Cooperation

IEF raises key issues - facilitates stakeholder engagement

Experts Ministers OPEC G20 IEA EU UNSD Eurostat APEC OLADE Officials Academi a IGU Producer CEOs Consumer Transit GECF

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)?

JODI was born as one of the solutions to Address Oil Prices Volatility

0% 2% 4% 6% 8% 10% 12% 14% 16% 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Source: ICE

Source: OPEC World Oil Outlook 2014

35 35 32 27 29 30 30 29 23 23 24 26 6 6 6 6 3 3 3 3 4 4 4 5 1 1 1 4 5 10 15 20 25 30 35 40 2009 2010 2020 2035 % Oil Coal Gas Nuclear Hydro Biomass Other Renewables

JODI Started with Oil: The Leader of Energy Sources

11

JODI Started with Oil: Oil price variation impacts other energy prices

20 40 60 80 100 120

• 60%
• 40%
• 20%

0% 20% 40% 60% 80% 1998 2001 2004 2007 2010 2013 $/b y-o-y

Oil

2 4 6 8 10 12 1998 2000 2002 2004 2006 2008 2010 2012 2014 $/tcf

Gas

5 10 15 20 25 30 35 40 45

• 25%
• 20%
• 15%
• 10%
• 5%

0% 5% 10% 15% 20% 25% 1998 2000 2002 2004 2006 2008 2010 2012 2014 $/st y-o-y

Coal

Source: EIA

The Journey of JODI: From Year 200 to Present

Much Progress Made on JODI since Launch in 2000

Bangkok Apr 01 Riyadh Nov 01 Mexico May 02 Osaka 2002 Cairo Oct 03 Doha 2006 Riyadh 2000 Bali Oct 04 Riyadh Nov 06 A’dam 2004 Rome 2008 Quito Jun 09 Cancun 2010 Kuwait 2012 Moscow 2014 Moscow Oct 10 Beijing Oct 11 KL Nov 09 Bangkok Sep 08 Riyadh Mar 08 Algiers Oct 07 J’burg Jan 07 Rabat Oct 12 Doha May 12 Caracas Aug 06 Ankara Nov 09

JT 1 JT 4 JT 6 JT5 JT 3 JT 2 JT 7 JC1 JC2 JC3 JC4 JC5 JC6 JC7 JC8 GDTC1 GDTC2

Public Release of JODI-Oil World Database

Riyadh Nov 05

JODE – JODI (permanent mechanism) Launch of the JODE Decision to make Database Public Focus on Data Quality Extended JODI Questionnaire Public Release of Trade Data 19 November 2005 Launch of JODI Database by King Abdullah

• 2nd Edition JODI-Oil

Manual

• JODI-Gas Manual
• Launch JODI Gas

The Journey of JODI: A Concrete Outcome of the Producer-Consumer Dialogue

New Delhi Apr 15

JC12

GECF Joins Apr 14

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

May 2015

108

Armenia Belarus Gambia Niger Tajikistan the FYR of Macedonia Mauritius

Intensive Efforts to Extend JODI-Gas Reach:

2 More JODI-Gas Participating Countries since 2014

May 2014

77

May 2015

79

Iraq the FYR of Macedonia

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

14th International Energy Forum

May 2014, Moscow

4th 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 14th IEF Ministerial was an important step to bring about data transparency to gas markets…” - Dr Aldo Flores- Quiroga, SG IEF at 4th 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

• f 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?

Short-term

• Annual budgeting
• Purchase decisions for

power generation

• Informed trading

decisions

• Short-term market

analysis.

Long-term

• Strategic planning
• investment decisions
• Long-term contract

decisions.

Energy Data Transparency

“..JODI Everyone matters..” “..JODI is not database. JODI is a commitment..”