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Dialogue for Global Energy Security - The Role of the IEF: Ambassador Arne Walther Secretary General of the IEF (2003-2007) Ambassador Arne Walther, the first Secretary General of the IEF, has previously served as Norway's Ambassador to Austria and India, been Chairman of the Governing Board of the IEA and served as Special Adviser on International Affairs to Prime Minister Brundtland of Norway.Energy is centre-beam in the international political spotlight of our day. Energy security continues to top the political agenda for energy-importing as well as exporting countries, for industrialized as well as developing economies. We are all “addicted” to energy. And we are facing that addiction up-front.
The Road to Riyadh - The Evolution of Oil Producers and Consumers Relationship: Dr. Ibrahim A. Al-Muhanna Adviser to the Minister of Petroleum and Mineral Resources, Saudi Arabia Dr. Ibrahim Al-Muhanna has served as Adviser to the Minister of Petroleum and Mineral Resources of Saudi Arabia since 1989. He was Vice-Chairman of the Organizing Committee of the 7th International Energy Forum Ministerial held in Riyadh in November 2000 and of the Committee that established the IEF Secretariat. He was Head of the Saudi Delegation to 3rd IEF Ministerial in Cartagena, Spain in 1994.
KEY MESSAGES FROM THE 11th IEF IN ROME, 20-22 APRIL 2008 - Article published in Middle East Economic Survey (MEES), vol. 51, No. 21, 26 May: Noé van Hulst IEF Secretary General In terms of participation, the 11th International Energy Forum (IEF) in Rome was a big success and most probably the largest gathering of Energy Ministers on the planet. Nearly 75 delegations, of which over 50 ministers, from oil and gas producing and consuming countries engaged in a frank and open dialogue to discuss today’s key global energy challenges. In addition 13 international organizations participated, with IEA and OPEC at the highest level. High energy prices and growing concerns about energy security, global warming and energy poverty were intensely debated, both in the conference room and outside in countless bilateral meetings.
JODI: Performance of Countries Improving in 2008: IEF Newsletter The strong support of IEF Ministers to the Joint Oil Data Initiative (JODI) as a tool to help stabilize oil markets and reduce oil-price volatility has been expressed again at the 3rd Asian Ministerial Energy Roundtable on 26 April 2009 (Tokyo, Japan). The participants welcomed the important progress made so far in JODI and encouraged JODI partner organizations and their member countries to make further improvements to provide more complete and timely energy data, including stock data, and the inclusion of gas-related data.
The 3rd Asian Ministerial Energy Roundtable - Tokyo, Japan, 26 April 2009: The 3rd Asian Ministerial Energy Roundtable was held in Tokyo, Japan, 26 April 2009, with the participation of Ministerial delegations from 21 Asian countries and representatives of two international organizations (IEF and IEA). At the invitation of the government of Japan, Energy Ministers of 21 Asian countries and representatives of two international organizations gathered in Tokyo for the 3rd Asian Ministerial Energy Roundtable.
History: Twenty years after the first meeting in Paris in July 1991, the IEF has evolved into one of the most inclusive platforms for dialogue in which consumers and producers meet on a regular basis to discuss issues of common interest pertaining to the global energy scene.
Other Organisations: Information and links to organisations that the IEF work with.
IEF Newsletter, Issue 14, November 2009: H.E. Taner Yildiz, Energy Minister of Turkey
Call For Action On Sustainable Energy Access Demands Response: S. Vijay Iyer, Director Of Sustainable Energy, World Bank
Oil For Development: H.E. Erik Solheim, Minister For International Development Of Norway

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".