The 14th IEF will take place on 15-16 May 2014 in Moscow. Download the IEF14 Agenda.
If you would like to download logos relating to the event then please visit our IEF14 Press & Media page.
To register for IEF14, please visit the host-country's event page.
Riyadh, Saudi Arabia
IEF Secretary General Aldo Flores was delighted to welcome Australian Minister for Trade & Investment, the Hon Andrew Robb AO MP to IEF Headquarters in Riyadh today. HE the Minister presided over the opening session of a forum on the “Food, Water, Energy Nexus” organised jointly by the Council for Australian Arab Relations (CAAR*) and the IEF.
Dr Alex Wonhas Director, Energy Flagship from Australia’s national science agency, the Commonwealth Scientific and Industrial Research Organisation (CSIRO) set the scene for the forum in his opening presentation which highlighted the intricate connections between energy, food and water security and the complex nature of finding solutions to issues which cut across the three sectors. Noting that Australia, by nature of its physical environment, climate and reliance on fossil fuels for energy, is facing similar challenges to those of the Gulf States Dr Wonhas acknowledged that the complexity of the nexus presented an ongoing challenge for policy makers. Dr Wonhas’ full presentation and those of others at the forum are available for download below:
*CAAR was etstablished by the Australian Government in 2003 to enhance awareness and understanding and promote mutual interests between the peoples and institutions of Australia and the Arab world.
Riyadh, Saudi Arabia
The IEF was honoured to receive Mr Rob Gardner, Manager of the Economics & Energy Division of the Corporate Strategic Planning Department ExxonMobil Corporation at our headquarters today. Mr Gardner delivered a presentation of ExxonMobil's Outlook for Energy: A View to 2040 to a distinguished audience of diplomats, representatives from the energy and finance sectors and academia. The Outlook for Energy is ExxonMobil’s long-term global view of energy demand and supply. Its findings help guide ExxonMobil's long-term investments, and the Outlook is shared to help promote better understanding of the issues shaping the world’s energy future. Updated each year, this edition covers the period to 2040.
Mr Gardner’s presentation and details of the full Outlook for Energy: A view to 2040 can be found on the ExxonMobil website.
The International Oil Summit, first held in October 2000 is a conference organized each year in Paris by IFP Energies Nouvelles, the energy weekly Pétrostratégies, and IFP Training.
Since its inception, it has become one of the most important annual events in this field, facilitating the exchange of ideas and enabling the participants to share their assessments of current international situations and the future of the world oil market.
IEF Secretary General, Aldo Flores was invited to participate in an IEA-IEF-OPEC session moderated by M. Olivier Appert*, CEO, IPF Energies Nouvelles. Dr Flores’ presentation on “The producer-consumer dialogue: insights into the conversation” is available for download below.
At the invitation of GECF Secretary General, Dr Adeli, IEF Secretary General, Aldo Flores delivered the 4th GECF Lecture at the Doha headquarters of the Gas Exporting Countries Forum on 8 April, 2014. The Gas Lecture Series is a GECF initiative designed to encourage discussions and debate on natural gas related topics in the energy sector involving all stakeholders including producers, consumers businesses, academia, and international organisations as well as non-governmental organisations and anaylsts.
Dr Flores’ presentation on “Producer-consumer cooperation in international gas markets: recent trends and prospects” was followed by a panel discussion between the two Secretary Generals, moderated by Mohammed Al Riyami, Head of the Energy and Gas Market Analysis Department at the GECF. Participants in the panel discussion interacted with experts in the room to cover issues such as investment, gas price mechanisms, and recent developments in Europe as well as the energy outlook of different organisations.
The lecture was attended by Ambassadors, members of the diplomatic corps, academic, international oil and gas company executives, businesses as well as senior experts and analysts in the gas sector.
Experts gathered on 31 March 2014 in Vienna for the Fourth Workshop on the Interactions between Physical and Financial Energy Markets. Discussions at this invitation-only event focused on timely topics including the role of commodity trading houses in oil price formation, the regulation of commodity markets, and an update on the implementation of the Principles for Oil Price Reporting Agencies, published 5 October 2012 by the International Organization of Securities Commissions in consultation with the IEA, IEF and OPEC.
Riyadh, Saudi Arabia
Mark Finley, General Manager, Global Energy Markets, and US Economics, BP, presented the fourth annual edition of the Outlook, which for the first time sets out BP’s view of the most likely developments in global energy markets further beyond 2030 to 2035, based on up-to-date analysis.
The Outlook reveals that global energy consumption is expected to rise by 41 per cent from 2012 to 2035 – compared to 55 per cent over the last 23 years (52 per cent over the last twenty) and 30% over the last ten. Ninety five per cent of that growth in demand is expected to come from the emerging economies, while energy use in the advanced economies of North America, Europe and Asia as a group is expected to grow only very slowly – and begin to decline in the later years of the forecast period.
Shares of the major fossil fuels are converging with oil, natural gas and coal, each expected to make up around 27% of the total mix by 2035 and the remaining share coming from nuclear, hydroelectricity and renewables. Among fossil fuels, gas is growing fastest, increasingly being used as a cleaner alternative to coal for power generation as well as in other sectors.
Interesting questions answered in Mr Finley’s presentation include: "Is there enough energy to meet growing demand? Can we meet demand reliably? And what are the consequences of meeting demand? In other words, is the supply sufficient, secure and sustainable?”
Seoul, South Korea
The increasing availability of unconventional gas supplies from shale and deep water deposits is already influencing producer-consumer relationships. Market observers are weighing the likelihood that consuming countries will continue importing LNG from long-standing suppliers against the possibility that they may seize the opportunity of a more diverse supply base to seek out new sellers or renegotiate existing deals.
Many see in this development a game changer on at least three fronts. First, it may be the beginning of a trend towards an integrated global gas market, where price differences among North America, Europe and Asia - the three main international gas markets - will decline or disappear all together, much like it is the case in the oil market.
Second, it may lead to the establishment of a new pricing mechanism based on spot transactions rather than on long-term contracts. And third, over the long-term, it might generate incentives for fuel switching in favour of gas, should its greater abundance trump the price-competitiveness of other fuels, most notably oil.
How likely is the shift from the conventional world of three separate regional gas markets to an unconventional one of a single global gas market? How likely is it that the conventional method of pricing gas through long-term contracts in Asia and most of Europe may gives way to the less-conventional method of doing so through short-term, spot transactions?
This IEF-Gastech roundtable explored these questions with a select group of thought leaders, with the aim of promoting greater understanding of the opportunities and challenges involved in the on-going transformation of international gas markets.
An IEF Dialogue Insights report summarising the discussion and highlighting key insights for further consideration will be delivered during the month of April.
Riyadh, Saudi Arabia
The IEF was pleased to have the opportunity to work with the Belgian Federal Public Service for Economy, SME’s, Self-Employed and Energy in hosting a Belgian Energy Day at IEF headquarters on the theme of “Joining Forces to a Attain a Sustainable Energy Future”.
The Belgian delegation was led by Mr Jean-Marc Delporte, President of the Belgian Federal Public Service for Economy. Following the theme of the day the assembled audience of diplomats and businessmen had the opportunity to learn more about Belgian views on energy policy, at both domestic and international levels from Ms Nancy Mahieu, Acting Director General, Directorate-General for Energy. Pieter-Jan Provoost, Director of the Carbon Energy Club presented the work of the Carbon Energy Club and its innovative efforts to harness the collective knowledge of companies to advance energy-related technologies and develop new markets. Markus Berger, a member of the Executive Committee of Elia (the operator of the Belgian transmission system) gave a comprehensive overview of the benefits of and potential for inter-connected power systems.
Riyadh, Saudi Arabia
The IEF Lecture Series welcomed Mr Xiaojie Xu, of the Chinese Academy of Social Sciences who presented findings from the recently published “World Energy China Outlook” (currently only available in Chinese) to a distinguished audience of diplomats, businessmen and experts at IEF Headquarters in Riyadh.
The IEF was honoured to have this opportunity to exchange views with Xiaojie Xu, who is the Chief Fellow of the annual World Energy China Outlook and heads the World Energy Division in the Institute of World Economics and Politics at the Chinese Academy of Social Sciences in Beijing.
Mr Xu is a member of the World Economic Forum Global Agenda Council on Energy Security, an Editorial Board Member of the Journal of World Energy Law and Business, and Senior Advisor to the China Energy Fund. He is also the author of “Petro-Dragon’s Rise, what it means for China and the World” (in English, 2002), and “Energy Black Swan: Global Games for Hydrocarbon Resources and Chinese Options” (in Chinese, 2011).
Mr Xu’s presentation as well as an English language version of the executive summary of the “World Energy China Outlook” are both available for download below: