Global Energy Dialogue

International Energy Forum

Noé van Hulst

Secretary General
International Energy Forum

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 Outline
Global Energy Dialogue

Main Global Energy Trends

International Energy Forum

Key Global Energy Challenges

IEF Role in Energy Dialogue

WWW.IEFS.ORG.SA 25 JANUARY 2009, RIYADH, SAUDI ARABIA

 Main Global Energy Trends
Global Energy Dialogue
International Energy Forum

World Energy Fossil Fuels

Increasing
Demand Grows Dominate the
Interdependence
Significantly Energy Mix

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 Key Global Energy Challenges
Global Energy Dialogue

Availability Deliverability Affordability Sustainability

International Energy Forum

Oil & Gas Oil Price CO2

Investment Emissions /
Resources Volatility
Energy
Poverty

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 Distribution of Proved Oil & Gas Reserves
2007 (percentage)
Middle East
Asia Pacific Asia Pacific Middle East

North America North America

Global Energy Dialogue

S. & C. America
3.3 41.3
5.6 8.2
61.0
4.5
9.0
OIL GAS
International Energy Forum

4.4

8.2
9.5

11.6 S. & C. America

33.5
Africa

Europe & Eurasia Africa Europe & Eurasia

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 IEF Volatility-Index of Spot Oil Prices
Rolling Variance of Daily Spot Price of WTI Relative to the Mean of the Past 20 Days (month)
The rolling variance of WTI spot price relative to the mean of past 20 days (Month)
250.00
Global Energy Dialogue

28.52
Standard Deviation for the year
200.00

150.00
12.88
International Energy Forum

100.00
5.80 6.26
5.60

50.00

0.00

2004 2005 2006 2007 2008

28 Dec. 2008

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 IEF covers key consuming & producing countries including those outside IEA and OPEC
Global Energy Dialogue
International Energy Forum

WWW.IEFS.ORG.SA 25 JANUARY 2009, RIYADH, SAUDI ARABIA

 Mission of IEF
What?
Global Energy Dialogue

Enhance and deepen global Promote more stable and

consumer-producer dialogue transparent energy markets
International Energy Forum

How?
High-level platforms involving
governments and industry
Practical ways to improve:
• Market transparency in oil & gas
• Investment conditions
• Sustainability

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 Joint Oil Data Initiative
What?
Global Energy Dialogue

Improve global oil market Support sound planning and

stability and predictability enhance global energy security
International Energy Forum

How?
Enhance international oil market transparency through exchange
and release of monthly oil data at the global level

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 Key Points – London Energy Meeting
19 December 2008

• Increase transparency and regulatory oversight of paper oil market

Global Energy Dialogue

• Reduce uncertainties hampering investment

• Welcome IEF work on IOC/NOCs, Human Resources, Technology, Transparency

International Energy Forum

• Improve transparency of oil data through JODI (stocks!) & new investment database

• Promote energy efficiency (IPEEC)

• Help low-income countries deal with volatility (IMF / World Bank)

• Enhance and strengthen consumer - producer dialogue / IEF

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 Key Results from 11th IEF – Rome, April 2008
Investment Transparency Sustainability
Platforms NOC/IOC Forum 1st IEF – IGU Gas Forum IEF / IFP Technology
for (Mar 2009) (Nov 2008) Symposium (Dec 2008)
Dialogue
3rd Asian Ministerial 3rd Asian Ministerial
Roundtable / Investment Roundtable / Efficiency
(April 2009) (April 2009)
Global Energy Dialogue

Human Resources CCS Symposium

Symposium (Apr 2009) (H2 2009)
2nd IEF - IGU Gas Forum
(Fall 2010)
Energy Poverty
(Fall 2009)
International Energy Forum

Research Unpacking Uncertainties

& Report (2009-2010)
Analysis
Biofuels Assessment
Report (H1 2009)

Expert Group Report on Strengthening IEF Dialogue (Q4 2009)

JODI Extension to Gas / Annual Data

(End 2009)

7th JODI Conference

(June 2009)

JODI Training Workshops

(Incl. Caspian June 2009)

Input to 12th IEF Ministerial in Mexico 2010

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 Key Messages

• More Oil & Gas Needed Even With Higher Efficiency

Global Energy Dialogue

• Growing Interdependence of Consumers & Producers

International Energy Forum

• Achieve Results in Improving Investment, Transparency

& Sustainability towards Mexico 2010

• IEF’s Role Growing in Global Energy Dialogue

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 International Energy Forum
Global Energy Dialogue

WWW.IEFS.ORG.SA
International Energy Forum

WWW.JODIDATA.ORG

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