International Energy Forum WWW.IEFS.ORG.SA LONDON ENERGY MEETING, - - PowerPoint PPT Presentation

International Energy Forum Global Energy Dialogue

WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008

Noé van Hulst

Secretary General

International Energy Forum

International Energy Forum Global Energy Dialogue

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

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.

International Energy Forum Global Energy Dialogue

WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008

…creates bias towards underinvestment

Extreme oil price volatility

IEF Volatility-Index of Spot Oil Prices

Extreme Oil Price Volatility

International Energy Forum Global Energy Dialogue

WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008

Energy Investment: Removing Key Uncertainties

Report on “Unpacking Uncertainty” for IEF Ministerial in Mexico 2010 will identify key issues hampering investment projects both upstream and downstream. Jeddah Statement:

• 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…

International Energy Forum Global Energy Dialogue

WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008

Role of Technology, IOC/NOC Cooperation and Human Resources in the Petroleum Sector

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. Jeddah Statement:

• 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…

International Energy Forum Global Energy Dialogue

WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008

International Support to Help Developing Countries

Energy Poverty Symposium in 2009 to assess ways of reducing energy poverty in the least developed countries.

Jeddah Statement:

• 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…

International Energy Forum Global Energy Dialogue

WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008

Promoting Energy Efficiency

Further input on the importance of improving energy efficiency in producing and consuming countries to the 3rd Asian Ministerial Roundtable in the spring of 2009

Jeddah Statement:

Progress: The IEF Secretariat will provide…

• 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.

International Energy Forum Global Energy Dialogue

WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008

Oil Data Transparency

Regular regional JODI training (Caracas, Johannesburg, Algiers, Bangkok). 7th International JODI Conference (May 2009). Work in progress on annual JODI data on investment plans. Jeddah Statement:

• Invited countries to improve the quality, completeness and timeliness
• f 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…

International Energy Forum Global Energy Dialogue

WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008

IEF Secretariat’s Christmas List

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)

International Energy Forum Global Energy Dialogue

WWW.IEFS.ORG.SA LONDON ENERGY MEETING, 19 DECEMBER 2008

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