The 6th Asian Ministerial Energy Roundtable (AMER6) took place in Doha, Qatar from 8-10 November 2015.
The Government of Qatar hosted this prestigious biennial event, which is a key feature of the global energy dialogue promoted under the neutral banner of the International Energy Forum. The Ministerial was co-Hosted by Thailand.
In previous AMER events, IEF Ministers have recognised their interdependence and placed an emphasis on the need for trust and dialogue in building and sustaining partnerships. Cooperation, knowledge-sharing, data transparency and investment all featured prominently in discussions at AMER6, which culminated in the endorsement of a proposal by the Kingdom of Saudi Arabia to establish an Asian Energy Efficiency Knowledge Sharing Framework under the IEF.
The full agenda for the Ministerial is available for download below along with many of the AMER6 articles, speeches, and presentations.
The publication will be distributed to a high-level circulation of Energy Ministers, Presidents and CEOs of global energy companies and member country delegations to the IEF, who comprise energy leaders and policy-makers representing over 90% of Global energy supply and demand. The publication will also enjoy distribution to the readers of FIRST / World Petroleum, who comprise business and government leaders, worldwide.
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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.
Riyadh, Saudi Arabia
The Secretary General of the International Energy Forum (IEF) Dr Aldo Flores-Quiroga and the President of the King Abdullah Petroleum Studies and Research Centre (KAPSARC) Mr Samer Al Ashgar launched the joint IEF-KAPSARC Speaker Series with a lecture by Mr Masakazu Toyoda, CEO and Chairman of the Institute of Energy Economics, Japan (IEEJ), on the “IEEJ Energy Outlook 2015: Impact of the Oil Price Fall and Pragmatic Approaches to Climate Change”.
The meeting took place at the Headquarters of the IEF on 12 November 2015 and was attended by country representatives from the diplomatic corps and international business community who exchanged views during the roundtable discussion and a light networking lunch that followed.
Mr Toyoda has been CEO and Chairman of the Institute of Energy Economics, Japan, since July 2010. He is currently also a Member of the International Advisory Board of the King Abdullah Petroleum Studies and Research Centre (KAPSARC).
Riyadh, Saudi Arabia
The International Energy Forum (IEF) and King Abdullah Petroleum Studies and Research Centre (KAPSARC) hosted a joint seminar on transport technology on 10 November 2015 at the premises of KAPSARC.
The seminar examined the development and implementation of new transport technologies and assessed possible trends in future energy demand, based on the latest market research of senior experts from academia and advisories attending the meeting.
Demand for oil is closely linked with developments in transportation, the market segment that relies most on oil. Fossil fuel demand in this sector is relatively insensitive to price movements. This has stimulated fuel economy standards covering an increasing part of the vehicle fleet that remains a key driver for future oil demand. The market entry of other fuels, such as natural gas and biofuels, as well as the deployment of new electric powered vehicles, will further increase inter-fuel competition. Together with newly evolving attitudes and requirements for transport, these developments will shape demand trajectories in both OECD and non-OECD growth economies.
The 2015 Singapore Energy Summit took place under the auspices of the Energy Market Authority as part of the activities of the Singapore International Energy Week. Participants at the Summit exchanged viewpoints on Asia's oil and gas markets and their prospects in the short, medium, and long-term. The process of price formation in gas markets and the outlook for oil and energy security figured prominently in the conversations, not only because of the interest some countries have to foster gas-to-gas competition, but because Singapore launched a spot market for LNG cargoes. The IEF Secretary General was a panelist in the session on “Securing Energy in an Era of Uncertainty”, where the focus zeroed in on the multidimensional challenge of energy. Diversification of energy sources, the panelists agreed, is fundamental to energy security, and all sources of energy have a role to play in this regard.
Port of Spain, Trinidad and Tobago
The Ministry of Energy and Energy Industries of Trinidad and Tobago hosted the 12th Regional JODI Training Workshop in Port of Spain from 20-22 October 2015. The workshop was organised by the IEF Secretariat and run in cooperation with several of its JODI partners (APEC, GECF, IEA, OLADE). Financial support was granted by the GECF and OLADE. This facilitated the participation of key statistical officers of Latin American & Caribbean Countries and contributed to the success of this capacity-building effort targeted at officials in charge of hydrocarbon data collection at national administrations.
More than 30 delegates from 20 countries took part in the workshop which served not only to build better understanding of the Joint Organisations Data Initiative (JODI), but to raise awareness of the importance of data transparency and to strengthen the capacity of statistical bureaus in the region. The over-arching aim of the workshop was to encourage improved submissions from the JODI countries of the region.
Several of the JODI partner organisations sent their experts to present on the merits and technicalities of JODI, highlighting the importance of cooperation in delivering upon Ministers’ calls for global data transparency. The Energy Intelligence Group - a key user of JODI data, participated in the programme remotely from their New York City office. Their perspective provided valuable insight into the expectations of the JODI-Data user community.
The hands-on nature of the workshop’s training sessions gave delegates the opportunity to learn about JODI definitions in more detail, and to better understand the techniques required to perform the data quality assessment necessary to underpin the accurate and timely completion of JODI questionnaires. Delegates expressed particular interest in the experience-sharing elements of the programme.
OLADE will work with its Latin American & Caribbean member countries to follow-up on commitments and action items agreed in Port of Spain with the aim of capitalising on the experience gained during the course of the programme.
For more details on the workshop and to view the presentation materials please visit the event page on the JODI website.
Seoul, South Korea
The 16th World Knowledge Forum brought together experts from around the world to Seoul to discuss the extent to which recent trends in economics, geopolitics, energy, climate, and technology point to a new stage in world affairs. The Forum’s title for this year was “Mapping of the Zeitgeist”, or how to chart the spirit of our times and identify what it implies for global policy and investment.
Secretary General Aldo Flores-Quiroga participated in two panels, one focusing on the outlook for energy in 2016 and another on climate change. Panelists discussed the factors that will influence the behavior of energy supply and demand in the coming year, from the growth of the Asian economies to the production adjustments already underway in North America and the prospects for greater supply form the Middle East. On climate change, conversations focused on prospects for an agreement at the COP21 meeting in Paris and the challenge of reducing energy intensity without retarding economic growth.
The Secretary General of the IEF, Aldo Flores-Quiroga, participated as keynote speaker during the closing session of the Harvard Business School Energy Symposium, organised by the HBS Energy and Environment Club. Under the theme “Managing through Volatility”, the Symposium gathered experts in the areas of energy, finance, and management, who shared their perspectives on the opportunities and challenges for investment in the energy industry under the current environment of uncertainty.
Dr Flores discussed the recent history of oil price volatility, how it has affected producer-consumer relations, and how the IEF works with its members to promote greater stability and efficient price formation in the global oil market. As he noted, it remains a challenge to determine a level of volatility that is acceptable to producers and consumers, as well as governments and companies. The IEF seeks to increase understanding of this issue and to increase market data transparency to support policy planning and decision-making. The work of the Joint Organisations Data Initiative (JODI), he emphasised, is key to any long-term strategy to cope with uncertainty.
The IEF and law firm Pillsbury Winthrop Shaw Pittman LLP held the second in a series of one-day public roundtable events in Washington DC on 8 October 2015. Entitled "Cybersecurity in the Global Energy Sector", the event opened with a keynote address by Congressman Will Hurd, and featured a discussion session on Cybersecurity and Energy Infrastructure in addition to three roundtable sessions:
Roundtable 1 – The Cybersecurity Threats and Policy Landscape in 2015.
Roundtable 2 – Prepare, Organize and Respond. Managing in the Modern Cybersecurity Age.
Roundtable 3 – Regulatory Trends: Export Controls, Sanctions and Data Privacy in the Cybersecurity Age.
Featured speakers included Congressman Will Hurd, Member, House Committee on Homeland Security, and Chairman, Information Technology Subcommittee, House Committee on Oversight and Government Reform; Jennifer Silk, Senior Advisor for Cyber, Office of the Secretary, Department of Energy; Dr Carol Hawk, Manager, Cybersecurity for Energy Delivery Systems Program, Department of Energy; Bob Rarog, Senior Advisor, Bureau of Industry & Security, Department of Commerce; Chad Fulgham, Co-Founder & Chairman, PerCredo LLC, (former FBI Chief Information Officer); Michael Madon, RedOwl Analytics, (Former Deputy Assistant Secretary, Department of Treasury); Ria Thomas, Principal and Senior Director for Cybersecurity, Obsidian Analysis Inc.; and thought-leaders from numerous other companies and government agencies.
At the first G20 Energy Ministers’ Meeting in Istanbul on 2 October 2015, the Secretary General of the International Energy Forum (IEF) raised energy market transparency as a key factor in assessing the global oil supply demand balance and facilitating investment decisions under the current environment of uncertainty.
In the course of the dialogue hosted by the government of Turkey, Dr Aldo Flores-Quiroga called on the G20 Energy Ministers to step up their support for the Joint Organisations Data Initiative (JODI). Better reporting as well as the inclusion of other energies in data collection and dissemination efforts will lead to better energy policy and investment decisions.
The IEF hosts the producer-consumer dialogue and coordinates JODI in collaboration with the JODI partner organisations (APEC, Eurostat, GECF, IEA, OLADE, OPEC, and UNSD). The G20 has embraced JODI as the key platform for energy market data transparency. G20 leaders agreed to work together to encourage and facilitate the collection and dissemination of high quality data and analysis in the G20 Principles for Energy Collaboration. A recent survey carried out on behalf of the G20 showed that G20 institutions use JODI more often than others to collect data but that improvements can be made especially on the quality of non-OECD data.
G20 Ministers used the occasion to welcome the joint work of the IEA, IEF and OPEC to further understand energy outlooks and the interaction between physical and financial markets and encouraged them to continue with their fruitful collaboration.
The G20 Ministers’ Meeting Communiqué of 2 October 2015 reflects the outcomes of these discussions that shall be presented at the G20 Leaders Summit in Antalya on 15-16 November 2015 by the Turkish Presidency.
IEF reports on the G20 Energy and Sustainability Working Group Meetings held in 2015 are avalable through the links below, together with the key documents of the G20 Energy Ministers’ Meeting.