You Are Here

  • RSS
  • Facebook
  • Linked In
  • IEF TV

Industry Advisory Committee

The IEBF is supported by the Industry Advisory Committee (IAC) which is currently drawn from the ranks of NOCs and IOCs headquartered in those countries that are members of the International Support Group. The Committee was first convened in June 2005 at the invitation of then IEF Host Country, Qatar.

The IAC advises the Executive Board and the Secretary General on activities of the Forum. It includes representatives of business enterprises and industry entities which contribute to the Forum and are invited by the Secretary General, in consultations with the Executive Board, to join the committee. The representatives of the International Support Group may participate as observers.

The primary purpose of the IAC is to allow for industry input on the IEBF agenda. The IAC also reinforces the importance of industry to the dialogue and, through constant counsel with the IEF, deepens the IEF’s understanding of industry’s perspective on issues relevant to the IEF’s programme of work.

IAC member companies currently include:

ADNOC, BAPCO, BG Group, BP, Chevron, CNPC, Cosmo Oil, ENEL, EGPC, ENI, ExxonMobil, GasTerra, Gazprom, GE Energy Middle East, Idemitsu Kosan, IOC, JGC Corporation, KPC, Lukoil, Mitsubishi, NIOC, Nippon Oil Corporation, NNPC, ONGC, PDVSA, Pemex, Pertamina, Petrobras, Petromoc, QP, Repsol, Rosneft, Royal Dutch Shell, SASOL, Saudi Aramco, Schlumberger, Sinopec, SOCAR, SOMO, Sonangol, Sonatrach, Statoil, Total, Vopak and Zarubezhneft.

Member logos

The IAC is chaired by Mr. Stuart Brooks (Chevron) with alternate Chair Mr. Adeeb Al-Aama (Saudi Aramco).

IAC News and Articles

Dialogue Insights

  • Gas is far from being just a bridging fuel. Gas is here to stay.
  • An integrated global gas market is not likely in the near term.
  • The three main gas regions (North America, Europe, & Asia) will keep their own fundamentals for some time.
  • The regionalisation of gas markets does not imply lower interdependence.
  • In the US, cheap gas displaced coal but in Europe cheap US coal has displaced gas.
  • The energy mix in one region depends on the energy mix in another.
  • In North America, UK, & increasingly Europe, gas trading at hubs provides liquid & transparent pricing data.
  • In the US, deregulation & financialisation of the gas market helped establish a price based on fundamentals.
  • The logic for establishing an Asian gas-pricing hub is questionable as the number of buyers & sellers is small.
  • Demand for natural gas in the coming decades is projected to come mainly from non-OECD countries.
  • Prospects for natural gas consumption are still tied to its applications as much as to its relative price.
  • Gas usage depends heavily on an anchor technology, such as electricity generation.
  • Markets remain interconnected and interdependent, despite the recent "re-regionalisation" of gas markets.
  • More dialogue is required to analyse possible changes to the structure of gas contracts.
  • Long-term contracts help ensure security of supply & demand, but there is room to incorporate market signals.
  • Policymakers must balance short-term mandates with long-term goals for the nations they represent.
  • Most stakeholders and market actors do not grasp the degree to which renewables need gas as a backup.
  • Industry and government should work together to address "herd mentalities" regarding entering new markets.
  • Future gas demand levels for transportation remain a "known unknown".
  • RSS
  • Facebook
  • Linked In
  • IEF TV