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IEF Lecture - IEEJ Energy Outlook 2016 for Asia / World

Riyadh, Saudi Arabia

IEF Lecture - IEEJ Energy Outlook 2016 for Asia / World

Riyadh, Saudi Arabia

On Thursday 19 January 2017 Professor Masakasu Toyoda, CEO and Chairman of the Institute of Energy Economics, Japan (IEEJ) visited IEF Headquarters in Riyadh for a bilateral meeting with IEF Secretary General, Dr Sun Xiansheng. Professor Toyoda also delivered an IEF Lecture entitled: "IEEJ Energy Outlook 2016 for Asia/World" to a distinguished gathering of the diplomatic corps and business community of Riyadh.

The Institute of Energy Economics, Japan (IEEJ) was established in June 1966 and certified as an incorporated foundation by the Ministry of International Trade and Industry in September that year. The IEEJ has been conducting specialised research activities in the areas of environment and energy economics for 50 years. According to the 2015 Go To Think Tank Index from the University of Pennsylvania, the Institute progressively gained recognition and now ranks Best Energy and Resource Think Tank in the World.

Professor Toyoda has been an active participant in the global energy dialogue for many years, having previously held senior positions at the Ministry of International Trade and Industry (MITI) of Japan, which was renamed in 2001 as the Ministry of Economy, Trade and Industry (METI). He is a Board Member of KAPSARC, Accenture Global Energy, and Oxford Institute for Energy Studies. Professor Toyoda is also a member of the Board of Directors of the Pacific International Center for High Technology and a member of the International Advisory Board of Brunei National Energy Research Institute. The Professor holds a bachelor’s degree in law from the University of Tokyo and a master’s in Public Affairs from Princeton University.

Professor Toyoda’s presentation is available for download below.

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IEF Lecture - International Energy Charter

Riyadh, Saudi Arabia

IEF Lecture - International Energy Charter

Riyadh, Saudi Arabia

The IEF was delighted to welcome Dr Urban Rusnák the Secretary General of the International Energy Charter to deliver a lecture at the IEF headquarters today. Ambassador Rusnák’s presentation "The International Energy Charter & International Energy Forum: Existing Complementarities and Possible Synergies" is available for download below.

The fundamental aim of the Energy Charter Treaty is to strengthen the rule of law on energy issues, by creating a level playing field of rules to be observed by all participating governments, thereby mitigating risks associated with energy-related investment and trade.

Further details of the work of the International Energy Charter can be found at their website, and through the key topics discussed during the 27th Energy Charter Conference that was held in Tokyo, Japan on 25-26 November 2016.

JODI-Inter-Secretariat-Meeting

JODI Inter-Secretariat Meeting - December 2016

Paris, France

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JODI Inter-Secretariat Meeting - December 2016

Paris, France

The IEF chaired an Inter-Secretariat Meeting of its JODI partner organisations (APECEurostatGECF, IEAOLADE, OPEC, & UNSD) in Paris on 15-16 December 2016. The US EIA also participated in the meeting via teleconference to discuss plans for the upcoming JODI Conference in Washington DC.

The meeting, hosted by the IEA at their Headquarters in Paris, focused on reviewing progress and action plans in regard to the following:

  • Participation Assessment of the JODI-Oil and JODI-Gas World Databases
  • The way forward on proposals to enhance the visibility of JODI and plans for JODI to appear on the platforms of data re-distributor agencies during 2017
  • Feedback from G20 and other leaders on JODI and data transparency
  • The way forward on improving coal data transparency
  • Plans to hold capacity building workshops and user seminars in 2017
  • Plans to hold a JODI conference in Washington DC on 28-30 June 2017
  • Feedback from the head of JODI partner organisations, Ministers and industry leaders attending the IEF15 Ministerial meeting held in Algiers in September 2016

In addition to confirming the organisation of the Washington conference, partners discussed on-going cooperation with AFREC and the organisation of a JODI Workshop for the African region in Tunisia in April 2017. The workshop will build on the findings from the JODI Workshop held in Moscow in November 2016 with the participation of more than 40 delegates from the CIS & MENA regions.

Partners also agreed on a set of actions to improve coal data transparency, and efforts to improve synergies among the partners who are already collecting coal data.

Partners also agreed on an action plan to allow JODI data to appear on data re-distributor agencies platforms during 2017.

The meeting concluded with partners agreeing to hold one or two JODI User Seminars during 2017 to continue engagement with JODI users, analysts, and providers of data/industry.

Previous Inter-Secretariat Meetings

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IEF Lecture - A Better Life with a Healthy Planet: Pathways to Net-Zero Emissions

Riyadh, Saudi Arabia

IEF Lecture - A Better Life with a Healthy Planet: Pathways to Net-Zero Emissions

Riyadh, Saudi Arabia

The IEF was delighted to welcome Mr Wim Thomas the Chief Energy Advisor of Shell to deliver an IEF Lecture on the recently published supplement to Shell’s New Lens Scenarios “A Better Life with a Healthy Planet: Pathways to Net-Zero Emissions”. This work illustrates choices, challenges and ideas for society to decarbonise the global economy in a way that Shell believes might address both the challenge of climate change and the desire for broader economic growth.

Shell notes that in spite of the many challenges, the practical details of providing enough energy for a better life for everyone with net-zero emissions can be envisaged - and that is reassuring, even inspiring. But getting there will not be easy. Successful and orderly energy transitions will require a combination of urgency and long term vision in policy making and leadership.

Mr Thomas’ presentation is available for download below and further details of Shell’s New Lens Scenarios can be found on the Shell website.

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5th IEF-IGU Ministerial Gas Forum

New Delhi, India

5th IEF-IGU Ministerial Gas Forum

New Delhi, India

The 5th IEF-IGU Ministerial Gas Forum was held in New Delhi, India on 6 December 2016 back-to-back with PETROTECH 2016.

PETROTECH 2016

Photo: IEF SG Sun Xiansheng participated in the Ministerial Session of Petrotech 2016 inaugurated by HE Shri Narendra Modi, Prime Minister (India)

The main theme of the Forum was "Gas for Growth; improving economic prosperity and living standards". The Government of India hosted this prestigious biennial Ministerial Forum, which was also supported by GAIL (India) Limited and the Natural Gas Society of India.

The International Energy Forum (IEF) and the International Gas Union (IGU) set up this important dialogue platform amongst Ministers, CEOs and experts, aiming to better understand the current state of play in the global gas industry and how the gas sector can contribute to sustainable growth and secure energy future. Changes in global gas supply and demand will continue to impact expectations regarding the urban environment and transport sector and influence the distribution of modern energy services and manufacturing processes around the world. As these trends will have important implications for energy policy and international cooperation, and as a member of both organisations, India was honoured to support this Ministerial dialogue by convening the 5th IEF-IGU Ministerial Gas Forum in New Delhi.

5th IEF-IGU Ministerial Gas Forum

Left to right: Daniel Yergin, Dr Sun Xiansheng, HE Shri Dharmendra Pradhan (India) , David Carroll, HE Mohammed Bin Saleh Al-Sada (Qatar)

Watch 5th IEF-IGU Ministerial Gas Forum video highlights

Ministerial Documentation

Ministerial Videos

Fifth IEF-IGU Ministerial Gas Forum

Welcome Address and Opening Remarks

  • HE Sun Xiansheng, Secretary General, International Energy Forum
  • HE David Carroll, President, International Gas Union
  • Shri B C Tripathi, Chairman and Managing Director, Gail (India) Limited

Inaugural Address by HE Shri Dharmendra Pradhan, Minister of State, Ministry of Petroleum and Natural Gas, India

Keynote Speech on "Perspectives on Gas Markets" by HE Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry, Qatar

Panel Session 1: Gas for Growth and Sustainability; what have we learned? Chairman: HE Dharmendra Pradhan, Minister of State, Ministry of Petroleum and Natural Gas, India.

Setting the scene: Dr Daniel Yergin, Vice Chairman, IHS Markit, Author of The Quest and The Prize (session moderator)

5th IEF-IGU Ministerial Gas Forum

Left to right: Nobuo Tanaka, Fereidun Fesharaki, Daniel Yergin, Dr Sun Xiansheng

  • What is the role of natural gas in achieving a sustainable energy mix?
  • In what ways can natural gas contribute to the goals for energy access, affordability and choice; how are infrastructure needs best addressed & what role do multilateral institutions play?
  • What market, policy, or technological changes are required for natural gas to contribute effectively to the objective of reducing energy poverty and improving living standards?
  • Will natural gas demand be driven by power, transportation, industrial or domestic uses? Role of small scale LNG in expanding the natural gas market?

The use of gas for power generation, industrial use, heating and transport has increased as a consequence of technological advances, lower prices, and a growing interest in reducing pollution and greenhouse gas emissions. Natural gas has become one of the preferred options for enabling access to modern energy services to support public health, economic development and to provide back-up in support of power generation with intermittent renewable energy sources. How the interaction between gas, renewable energies, nuclear and other fossil fuels is managed depends on country specific conditions and policy choices. Yet the contribution that gas makes in advancing economic diversification, sustainable growth, public health and lower emissions goals is widely acknowledged. How does gas combine best with other energy technologies in the policy design of individual producer and consumer countries and across regions?

Presentations by invited speakers

Open roundtable discussion followed by an interactive survey

Opening Remarks: HE SM Hossein Adeli, Secretary General, Gas Exporting Countries Forum (GECF)

Panel Session 2: Regional gas markets; new prospects for trade and integration Chairman: HE Sun Xiansheng, Secretary General, International Energy Forum

Setting the Scene: Dr Fereidun Fesharaki, Founder and Chairman of FGE (session moderator)

  • What are the prospects for LNG to accomplish greater integration among the world’s three main regional gas markets - North America, Europe, and Asia?
  • What regions are most likely to attract new gas investments in the next decade and why?
  • How likely is it that within the next 10 years Asia will develop its own hub market for gas to gas competition?
  • Beyond legal certainty, what areas must be the focus of policy in order to promote and develop national, regional and global gas markets?
5th IEF-IGU Ministerial Gas Forum

Photo: Ane Ariño

New gas supply, a slow-down in economic growth and the effect of lower oil prices and competition from other energy sources have further decreased price differentials between spot and oil indexed price mechanisms. As a result, natural gas prices have converged among European, Asian and North American markets. These developments impact gas market integration, including dynamics between pipeline imports and LNG trade at regional and international levels. On the supply side, the export potential from some key gas producers is increasingly being constrained by rising domestic demand. Present price signals and subsidy reforms may further amplify this trend. On the demand side, European and Asian growth markets have experienced a period with high gas import prices and increasingly complex supply dynamics. This stimulated investment in alternative sources including coal, renewables and nuclear. How will supply and demand respond to these changing market conditions and affect regional gas trade? How are pricing barriers and infrastructure needs addressed to connect LNG facilities with power plants, and other inland off-takers, to accelerate gas market growth in India and Asian markets?

Presentations by invited speakers

Open roundtable discussion followed by an interactive survey

Panel Session 3: Policy trends for investment across regions Chairman: HE David Carroll, President, International Gas Union

Setting the Scene: Nobuo Tanaka, former IEA Executive Director (session moderator)

  • How has policy and regulation affected investor confidence in upstream and downstream segments of new and existing gas markets?
  • What is the impact of carbon taxes, emission trade, and/or performance standards across sectors on gas sector investment?
  • What are the “lessons of experience” in the promotion of natural gas and investments in the sector globally?
5th IEF-IGU Ministerial Gas Forum

Left to right: Samer Ashgar, Luis Bertran Rafecas, Roger Bounds, David Modesett, Daniel Yergin

New realities give rise to new questions. These concern the impact of current policy and price signals on gas sector investment. Major pipeline and LNG capacity is entering the market after a period of sustained upstream investment aimed at diversifying existing markets and developing new ones. The projected abundance, on one hand, sharpens focus on investment in downstream infrastructure and policies to facilitate gas market penetration where the expansion of gas consumption enables economic diversification, and makes rapid demographic growth and urbanization more sustainable. On the other hand, perceptions and realities of greater gas supply availability differ. Obstacles and opportunities depend on producer-consumer market characteristics and contract terms or policy relations across regions.

Presentations by invited speakers

Open roundtable discussion followed by an interactive survey

5th IEF-IGU Ministerial Gas Forum

Left to right: HE Mohamed Zayed Awad (Sudan), HE Emmanuel Ibe Kachikwu (Nigeria), HE Yiorgos Lakotrypis (Cyprus)

Concluding remarks

  • HE Luis Bertran Rafecas Secretary General, International Gas Union
  • HE Sun Xiansheng, Secretary General, International Energy Forum
  • HE Shri Dharmendra Pradhan, Minister of State, Ministry of Petroleum and Natural Gas, India

Video interview of Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas, India.

Watch the 5th IEF-IGU Ministerial Gas Forum Joint Press Conference – Credit Energy Infrapost.

Details of the previous IEF-IGU Ministerial Gas Forums can be found below.

Previous Ministerials

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27th Energy Charter Conference

Tokyo, Japan

27th Energy Charter Conference

Tokyo, Japan

The Energy Charter Conference held its 27th Meeting on 25-26 November 2016 in Tokyo under the Chairmanship of HE Fumio Kishida, the Minister for Foreign Affairs of Japan.

IEF Secretary General, Dr Sun Xiansheng was invited to deliver a keynote speech to the conference, which 25 years after its conception was taking place in East Asia for the first time. Dr Sun’s speech entitled "Global Energy Architecture and its Implication in Asia" is available for download below.

The Energy Charter characterized the conference as a milestone event that recognised the increasing importance of the Asian region in the global energy landscape and also the role of the International Energy Charter as a universal regulatory framework for energy investment, cross-border trade, transit and energy efficiency. The primary themes explored by participants in the conference included discussions on the relevance of the Energy Charter Process to global challenges, not least in the context of helping to reach the goal of universal energy access under the 2030 Agenda for Sustainable Development and the commitment to a low-carbon economy expressed in the Paris Agreement. The conference programme also addressed issues including continued investment in energy projects and better regional interconnection to improve universal access to affordable, reliable, clean, sustainable and modern energy services in Sub-Saharan and Asia-Pacific regions, which are key areas of common interest between the G20 and the International Energy Charter.

Dr Sun also participated as an observer in the Ministerial Session of the conference on 26 November, the theme of which was "Relevance of the International Energy Charter to Global Challenges: its potential contributions to sustainable development and global efforts on climate change".

More detail on these events can be found at the official website of the Energy Charter.

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5th LNG Producer-Consumer Conference

Tokyo, Japan

5th LNG Producer-Consumer Conference

Tokyo, Japan

On 24 November, 2016, the 5th annual LNG Producer-Consumer Conference 2016 was held in Tokyo, Japan. The conference was hosted by Japan’s Ministry of Economy, Trade and Industry (METI) and the Asia Pacific Energy Research Centre (APERC). Ministers and officials representing major countries producing and consuming liquefied natural gas (LNG) joined industry leaders from Japan and abroad to exchange views on the latest trends in the global LNG market, including challenges facing the creation of a stable, competitive and flexible global LNG market. Held every year since 2012, the conference provides a platform to facilitate sharing of long-term LNG demand and supply outlooks, and to develop cooperation between producing and consuming countries with a common interest in enabling a stable framework to encourage development of a competitive, transparent, sustainable and flexible market for LNG.

This year the conference was opened by HE Hiroshige Seko, Minister of Economy, Trade and Industry of Japan. IEF Secretary General Dr Sun Xiansheng delivered a keynote speech in the afternoon session "Producer-Consumer Cooperation" which also featured Ambassador Urban Rusnak, Secretary General of the Energy Charter, and Mr Francesco Fini of the European Union. This session highlighted the diversity of views held by different players in the market and the degree to which uncertainty presents challenges for both producers and consumers.

Dr Sun took the opportunity to offer the IEF's global perspective to the meeting drawing on Ministerial discussions during the recent IEF15 Ministerial (26-28 September, Algiers). IEF Secretary General, Dr Sun’s presentation "Producer - Consumer Cooperation Towards more liquid, transparent and competitive Asian gas markets" is available for download below.

Other presentations from the event will be made available online at the event’s official site.

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14th Regional JODI Training Workshop for East European, Central Asian and MENA countries

Moscow, Russia

Support JODI

14th Regional JODI Training Workshop for East European, Central Asian and MENA countries

Moscow, Russia

The 14th Regional JODI Training Workshop organised by the IEF with the support of other JODI Partners (APEC, GECF, IEA, OPEC, and UNSD) was held in Moscow from 9-11 November 2016. The workshop, hosted by the Institute for Energy and Finance of the Russian Federation, was for the benefit of statistical officers in charge of hydrocarbon data collection at national administrations from East European, Central Asian and MENA countries.

More than 35 delegates took part in the workshop which was designed to raise awareness and build better understanding of the Joint Organisations Data Initiative (JODI), and to improve submissions from these key regions. Host country participation included delegates from the Ministry of Energy, Russian Energy Agency, and Federal State Statistics Service, ROSTAT.

The workshop took the form of hands-on training sessions which are a key element in the drive to encourage and facilitate experience-sharing among countries, and open exchange with the partner organisations that provides the feedback that is so important to the ongoing development of the Initiative.

In addition to the regular presentations made by experts from the JODI partner organisations, Dr H Ghanimi Fard, Head of Petroleum Studies Department of OPEC delivered a special presentation on OPEC’s use of JODI data in its market forecasting work. Delegates also had the opportunity to participate in a valuable session of the concurrent Exploration, Production, Processing 2016 conference "Scenarios, forecasts and statistics for global and regional energy development".

JODI Partners will follow-up on action items and commitments made by countries that participated in the workshop to help ensure ongoing improvement of the quality and timeliness of data JODI submissions from this key region.

For further details about this workshop and other JODI events please go to www.jodidata.org.

Previous JODI Training Workshops

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Fourth International Forum on Exploration, Production and Processing

Moscow, Russia

Fourth International Forum on Exploration, Production and Processing

Moscow, Russia

The IEF Secretary General delivered a key note address in the Fourth International Forum on Exploration, Production and Processing (EPP 2016) in Moscow, Russia. Dr Sun’s address followed an opening speech delivered by HE Kiril Molodtsov, Deputy Minister of Energy (Russia) in the first session of the conference "Global Energy market and Regional Integration Processes" hosted by the Ministry of Energy of the Russian Federation and the Institute of Energy and Finance.

IEF Senior Energy Analyst, Christof van Agt also participated in the conference, delivering a presentation and participating as a panellist in the session "Scenario, forecasts and statistics for global and regional development" on the first day and on energy governance on the second day in the opening session of the second day "Russia and Iran: Towards Sustainable Development of World Energy".

Secretary General, Sun also used the opportunity to cement existing relationships and build new ones by participating in various bilateral meetings including with the Minister of Energy of the Russian Federation HE Alexander Novak, the Chairman of the Board of Directors of Gazprom and Special Representative of the Russian Federation to the Gas Exporting Countries Forum, Mr Victor Zubkov, and senior representatives of the Analytical Centre of the Government of Russia, the Russian Energy Agency, the Institute of Energy and Finance and Academia.

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IEF Lecture - The EIA World Energy Outlook

Riyadh, Saudi Arabia

IEF Lecture - The EIA World Energy Outlook

Riyadh, Saudi Arabia

The World Energy Outlook – An IEF Lecture by Mr Adam Sieminski, Administrator of the Energy Information Administration (EIA) of the United States.

On Monday 31 October 2016 Mr Adam Sieminski, Administrator of the Energy Information Administration (EIA) of the United States visited IEF Headquarters in Riyadh for a bilateral meeting with IEF Secretary General, Dr Sun Xiansheng. Mr Siemiski also delivered an IEF Lecture on the EIA’s World Energy Outlook to a full-house of the diplomatic corps and business community of Riyadh.

The EIA is responsible for collecting, analysing, and disseminating independent and impartial energy information to promote sound policy-making, efficient markets, and public understanding of energy and its interaction with the economy and the environment. EIA provides a wide range of information and data products covering energy production, stocks, demand, imports, exports, and prices. EIA also prepares analyses and special reports on topics of current interest.