Riyadh, Saudi Arabia
The IEF was honoured to receive HE Enrique Peña Nieto, President of Mexico at its Headquarters on Sunday 17 January 2016 for meetings on Energy Reform in Mexico. President Peña Nieto visited the IEF in the course of his State Visit to Saudi Arabia, the first time that a Mexican President has visited Saudi Arabia in over forty years. The President was accompanied by an impressive delegation of Ministers and senior officials, including HE Pedro Joaquin Coldwell, Secretary of Energy, HE Claudia Ruiz Massieu, Minister of Foreign Affairs, HE Aurelio Nuño Mayer, Minister of Public Education, HE Ildefonso Guajardo Villarreal, Secretary of the Economy, and HE Gerardo Ruiz Esparza, Secretary of Communications and Transport. Mr Emilio Lozoya Austin, CEO of Mexico’s national oil company, PEMEX, also participated in the meetings at the IEF.
IEF Secretary General Aldo Flores-Quiroga and Saudi Minister for Petroleum and Mineral Resources HE Ali Al Naimi welcomed President Peña Nieto on his first visit to the IEF. The Mexico Energy Day was attended by members of Saudi Arabia’s Shura Council as well as CEOs and senior representatives from a broad cross-section of Saudi commercial concerns.
In his opening remarks [Full text available for download below] Secretary General, Aldo Flores-Quiroga noted that “when Mexico is in motion, markets take note” and recognised that the game-changing energy reforms that have been enacted under Peña Nieto's Presidency reinforced Mexico’s historical leading role in the sector.
Minister Ali Al Naimi noted the importance of dialogue recalling that "The Kingdom of Saudi Arabia and the Republic of Mexico have endeavored not only to create cooperation ties among oil producing nations, but also to create effective cooperation among oil producing and consuming countries… One of its fruits was the International Energy Forum, which brings together major oil producing and consuming nations.” [Full text available for download below].
President Pena Nieto’s address recognised the complexities of the current market situation and stressed the importance of cooperation between producers and consumers; "Dialogue is essential to promote a global energy market that is stable, reliable, open and efficient, inclusive and sustainable.” The President also laid out 10 highlights of the “Energy Reform in Mexico” stressing that through this reform: “Mexico wants to participate responsibly in the world’s energy development, especially on the basis of the structural changes we have achieved."
That is the way to achieve energy security and essential for the balanced development of humankind environmental sustainability."
Later in the day Lourdes Melgar, Mexico’s Vice-Minister of Hydrocarbons and Victor Luque, Director General for State Productive Enterprises delivered a presentation on “Mexico’s New Energy Industry: Investing in the Transformation” [available for download below] to an attentive audience at IEF headquarters.
The full text of President Enrique Peña Nieto’s speech (in Spanish) is available for download below and can be read on the official website of the Mexican Presidency - Palabras del Presidente de los Estados Unidos Mexicanos, licenciado Enrique Peña Nieto, durante el evento Reforma Energética de México
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 Riyadh headquarters today. Mr Gardner delivered a presentation on this year's update 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. The findings of ExxonMobil's Outlook help guide the company's long-term investments, and the report is shared to help promote better understanding of the issues shaping the world’s energy future. Updated each year, this edition covers the period 2016 to 2040.
London, United Kingdom
The Second JODI Data-user Seminar took place in London on Wednesday 3 February 2016. The event, held at the Institute of Directors (IOD), was supported by the JODI Partner Organisations (APEC, Eurostat, GECF, IEA, IEF, OLADE, OPEC and UNSD).
Participants included energy market analysts from oil and gas companies, commodity traders, financial institutions, trading firms, media, and independent consultants.
Bloomberg was the Media Partner for the seminar and carried the event live via their Webinar network, thus extending the reach of the programme to additional “virtual” attendees. (The recording of the event can still be accessed by registering and logging in on the Bloomberg platform.
The London event was the second in an ongoing JODI-user seminar series The first one was held in Geneva in June 2015. The series was launched in response to recommendations arising from the meeting of Heads of JODI Partner Organisations in Moscow in May 2014, where ease of access to data and communication with stakeholders were recognised as being of key importance in satisfying the rising expectations for JODI. These sentiments were further echoed by participants in the last International JODI Conference held in New Delhi in April 2015. The conference also recommended strengthened interaction with JODI stake- holders and energy data users.
The London participants benefitted from the opportunity to hear from and exchange views with technical experts from JODI partner organisations in an interactive environment. Participants also put forward suggestions for improvements which included the provision of additional datapoints relating to oil storage, crude oil grade & type, etc.
London, United Kingdom
The meeting, hosted by the British Government at the Headquarters of its Department for Energy and Climate Change (DECC) focussed on reviewing progress and action plans in regard to the following:
Bloomberg also participated in a special session of the meeting during which they delivered a presentation and exchanged views with partner organisations on their proposal to publish JODI data on their industry platforms and terminals. The JODI partners agreed to conduct a further review of the proposal before deciding on the path forward.
Partners also received a report from the consultant charged with carrying out a pre-assessment of the potential for improved coal data transparency. They will consider the findings of the report in more depth before determining next steps. They further agreed to launch a JODI-Gas Participation Assessment using the established methodologies and to publish the first assessment within 2016. Partners also decided to organise JODI training workshops targeting the Asian and CIS regions later this year.
Riyadh, Saudi Arabia
Secretary General Aldo Flores-Quiroga welcomed a high-level delegation from the People’s Republic of China at IEF headquarters in Riyadh on 20 January 2016, headed by HE Nuer Baikeli, Vice Chairman of China’s National Development and Reform Commission (Minister level) and Administrator of the National Energy Administration. They reviewed cooperation between China and the International Energy Forum.
A key player in the global energy dialogue process, and a long-standing member of the IEF Executive Board, China is taking an increasingly active interest in the Joint Organisations Data Initiative (JODI)* co-ordinated by the IEF. HE Nuer Baikeli reiterated China’s support for the IEF and noted the value placed by China on the neutrality of the IEF’s dialogue platform. He warmly welcomed the participation of the Secretariat in the meetings of the G20 Energy Sustainability Working Group and encouraged input from the IEF in helping to shape the G20 energy agenda, extending an invitation for the Secretary General Flores-Quiroga to participate in the upcoming G20 Energy Ministerial.
Secretary General Flores-Quiroga welcomed China’s expressions of support for the work of the IEF, and noted that he and his team will work closely with their Chinese colleagues to explore the potential for deepened ties between the IEF and China in furtherance of the producer-consumer dialogue, market data transparency, and global energy security.
*The IEF’s JODI partner organisations are: Asia Pacific Economic Cooperation (APEC), Statistical Office of the European Communities (Eurostat), Gas Exporting Countries Forum (GECF), International Energy Agency (IEA), Latin American Energy Organization (OLADE), Organization of the Petroleum Exporting Countries (OPEC), United Nations Statistics Division (UNSD).
Riyadh, Saudi Arabia
On Tuesday 19 January the IEF Secretariat hosted an informal roundtable meeting with senior experts from the Chinese Academy of Social Sciences (CASS) at IEF Headquarters. With its 31 research institutes and 45 research centres, the Chinese Academy of Social Sciences is one of China's premier think tanks in the fields of philosophy and social sciences.
The multi-disciplinary CASS delegation from the Institute of World Economics and Politics was headed by Director General Zhang Yuyan. The Chinese team visiting the region for the first time, exchanged points of view on market trends with experts from the IEF, KAPSARC and SABIC.
The roundtable paves the way for further collaboration between the IEF and CASS in the interests of developing a better-informed dialogue.
Professor Xiaojie Xu presented an update on the CASS “Chinese Energy Outlook and Transition” and IEF Secretary General Aldo Flores-Quiroga delivered a presentation on “Oil market Volatility and the Producer-Consumer Dialogue: Trends and Questions”. The presentations are available for download below and the full version of the CASS Energy Outlook is available in the Outlooks Section of the IEF website.
Riyadh, Saudi Arabia
The IEF today welcomed Enagas to its first meeting as a member of the Forum’s Industry Advisory Committee (IAC). The CEO of Enagas, Marcelino Oreja delivered a presentation to the Committee on "Global LNG Investment and Trade Patterns”. The presentation (available for download below) covered a broad range of subjects affecting the current market situation for LNG as well as the outlook and potential for the sector.
Enagás is Spain’s leading natural gas transmission company and Technical Manager of the Spanish gas system. It has around 11,000 Km of gas pipelines, three underground storage facilities in Serrablo (Huesca), Gaviota (Vizcaya) and Yela (Guadalajara) and four regasification plants in Barcelona, Huelva, Cartagena and Gijón. It also owns 50% of the BBG regasification plant in Bilbao, 30% of the regasification plant in Sagunto and 100% of Gascan, a company constructing two regasification plants in the Canary Islands. Enagás is also present in Latin America (Mexico, Chile and Peru) and Europe (Sweden, Italy, Greece and Albania). Enagás is also involved in the construction of the Trans Adriatic Pipeline (TAP), which will link Greece, Albania and Italy, and holds a stake in Swedegas, the operator of the Swedish gas system.
Riyadh, Saudi Arabia
CNPC joined other members of the IEF’s Industry Advisory Committee at the IEF’s headquarters in Riyadh on 9 December 2015. CNPC’s Head of Gas Market Studies, Shan Weiguo, kindly delivered a presentation entitled “Prospect of Chinese Gas Demand” (available for download below) which gave a succinct overview of the complexities affecting China’s gas demand and the prospects for future development.
CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction, with businesses covering petroleum exploration & production, natural gas & pipelines, refining & marketing, oilfield services, engineering construction, petroleum equipment manufacturing and new energy development, as well as capital management, finance and insurance services.
IEF Secretary General Aldo Flores participated in the Third GECF Gas Summit in Tehran on 23 November 2015.
Dr Flores joined the Heads of State, Ministers and senior officials from twelve GECF member countries and seven observer nations to exchange views on international gas markets and promote the producer-consumer dialogue.
The IEF Secretary General thanked the summit participants for their support of JODI-Gas through the active involvement of the GECF, which has provided information and valuable expertise. JODI-Gas was launched at the IEF14 Ministerial in Moscow in 2014.
Dr Flores noted that the JODI database is a concrete outcome of the global energy dialogue and contributes to dispel uncertainty as gas markets evolve.
The IEF participated in the 17-19 November "Exploration, Production, Processing 2015 International Forum" organised by the Ministry of Energy of the Russian Federation in association with the Institute for Energy and Finance and inaugurated by First Deputy Minister of Energy, Mr Alexey Teksler. The Forum provided a platform for the discussion on the transformation of global energy market & outlooks and international cooperation on statistics, and its impact on Russian energy landscape.
Mr Fuad AlZayer, Coordinator of Energy Data Transparency (JODI) participated in a panel session on International Cooperation on Energy Data Transparency Statistics & Outlook. His presentation highlighted the IEF's advances in promoting the global energy dialogue and the importance of international cooperation among and between Countries, International Organisations, Industry stakeholders and other experts. Noting Russia's participation in and support of the IEF’s neutral platform, Mr AlZayer lauded the IEF14 launch of JODI-Gas in Moscow as a major step forward in gas data transparency. He further elaborated on the IEF approach to data transparency including the coordination of JODI, as well as joint work with partner organisations the IEA and OPEC, on global energy outlooks comparisons, exploration of physical-financial market linkages, and reviews of gas and coal markets.