"10 Years of The JODI-Oil Database 1 Year of The JODI-Gas Database" Lessons Learned and The Shared Path Forward
The 12th International JODI Conference was held in New Delhi, India from 8-10 April 2015. The Conference was generously hosted by the Government of India and organised by the International Energy Forum in cooperation with the JODI partner organisations: Asia Pacific Economic Cooperation (APEC), the Statistical Office of the European Union (Eurostat), the Gas Exporting Countries Forum (GECF), the International Energy Agency (IEA), the Latin American Energy Organization (OLADE), the Organization of the Petroleum Exporting Countries (OPEC), and the United Nations Statistics Division (UNSD). The Conference benefitted from the active participation of 90 delegates representing 25 countries/economies, as well as energy data experts, market analysts from international organisations, financial sector, media, and the industry at large.
The New Delhi conference, which coincided with the 10th anniversary of JODI-Oil and the 1st anniversary of JODI-Gas, was the first occasion on which users of the two data transparency initiatives met in joint session.
The conference convened actors and stakeholders at various stages of the JODI data supply chain ranging from the energy companies that collect the source data, and the national administrations responsible for JODI data reporting, through to the JODI Partners responsible for collating and checking the data quality, and the data users (analysts and reporters) that monitor market trends and disseminate JODI data through their analysis to a wider audience. By bringing all of these stakeholders together, the conference facilitated communication and improved cooperation among them. Enhancement of such interaction is a vital tool in the quest to improve the functionality and reach of the Initiative.
Representatives from industry and national administrations shared their experiences in regard to the collection of complete, accurate and timely data. Discussions highlighted good practices and flagged challenges that impact goals of continuous improvement to the sustainability, timeliness and completeness of JODI data.
During the course of the conference the concept of “better data – better decisions” was strongly reinforced by anecdotal comments from the market experts present. Representatives of the Media who regularly use JODI data in their reports gave an insight into the manner in which they employ JODI data, and made suggestions for enhancements to the Initiative, including recommendations on how to enhance the visibility of JODI to a wider user-base.
Capacity building, which has always been a cornerstone of JODI activity was addressed as a key development issue in New Delhi. Participants emphasized the need to broaden the definition beyond the accepted norm, so that in addition to teaching technical skills to individual participants future work will also account for the need to set up and maintain appropriate structures in reporting institutions, as well as legal and institutional frameworks in JODI-reporting countries.
Reflecting on the outcome of the New Delhi conference the JODI partners reiterated their call on governments of participating countries and economies to ensure that their administrations and organisations in charge of energy data collection are properly equipped and staffed. They also emphasised the notion that governments should implement appropriate regulations to ensure that industry is fully engaged in the process and is required to regularly submit data of the required detail and format.
Please visit the JODI website for the presentations and further details about the event.