Better Data – Better Decisions

Fuad A. Al-Zayer

Coordinator, Energy Data Transparency – JODI, IEF, Riyadh

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Who is the IEF?

International Energy Forum (IEF)

IEF Key in Global Energy Dialogue Created by Ministers for Ministers

IEF Member Countries Account for around

Global Oil and Gas

Supply & Demand

of

IEF Industry Advisory Committee (IAC) Values IEF Neutrality and Convening Power

Neutrality and Cooperation IEF raises key issues - facilitates stakeholder engagement

Experts

Ministers

OPEC

G20

IEA

EU

UNSD Eurostat APEC OLADE

Officials

Academia

IGU

Producer

CEOs

Consumer

Transit

GECF

The IEF and the Global Energy Dialogue

The Road to Transparency

Transparency is at the Core of the IEF

•Neutrality

•Inclusion: Global Cooperation

•Transparency (JODI)

Why Did Leaders asked for JODI?

Why does the world need energy

data transparency (JODI)?

JODI was born as one of the solutions to Address Oil Prices Volatility

0%

2%

4%

6%

8%

10%

12%

14%

16% 1

99

2

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

Source: ICE

Source: OPEC World Oil Outlook 2014

35 35 32

27 29 30 30

29

23 23 24 26

6 6 6 6

3 3 3 3 4 4 4 5

1 1 1 4

0

5

10

15

20

25

30

35

40

2009 2010 2020 2035

%

Oil Coal Gas Nuclear Hydro Biomass Other Renewables

JODI Started with Oil: The Leader of Energy Sources

11

JODI Started with Oil: Oil price variation impacts other

energy prices

0

20

40

60

80

100

120

-60%

-40%

-20%

0%

20%

40%

60%

80%

19

98

20

01

20

04

20

07

20

10

20

13

$/b y-o-y Oil

0

2

4

6

8

10

12

19

98

20

00

20

02

20

04

20

06

20

08

20

10

20

12

20

14

$/tcf Gas

0

5

10

15

20

25

30

35

40

45

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

19

98

20

00

20

02

20

04

20

06

20

08

20

10

20

12

20

14

$/st y-o-y Coal

Source: EIA

The Journey of JODI: From Year 200 to

Present

Much Progress Made on JODI since Launch

in 2000

Bangkok Apr 01

Riyadh Nov 01

Mexico May 02

Osaka 2002

Cairo Oct 03

Doha 2006

Riyadh 2000

Bali Oct 04

Riyadh Nov 06

A’dam 2004

Rome 2008

Quito Jun 09

Cancun 2010

Kuwait 2012

Moscow 2014

Moscow Oct 10

Beijing Oct 11

KL Nov 09

Bangkok Sep 08

Riyadh Mar 08

Algiers Oct 07

J’burg Jan 07

Rabat Oct 12

Doha May 12

Caracas Aug 06

Ankara Nov 09

JT

1

JT

4 JT

6

JT5

JT

3 JT

2

JT

7

JC1

JC2

JC3

JC4

JC5

JC6

JC7

JC8

GDTC1

GDTC2

Public Release of JODI-Oil World Database

Riyadh Nov 05

JODE – JODI (permanent mechanism)

Launch of the JODE

Decision to make Database Public

Focus on Data Quality

Extended JODI Questionnaire

Public Release of Trade Data

19 November 2005 Launch of JODI Database by King Abdullah

2nd Edition JODI-Oil

Manual JODI-Gas Manual Launch JODI Gas

The Journey of JODI:

A Concrete Outcome of the Producer-Consumer Dialogue

New Delhi Apr 15

JC12

GECF Joins Apr 14

High profile launches of JODI-Oil & JODI-Gas

Intense Dialogue and Cooperation to Make

JODI Happen

• JODI Conferences

• Capacity Building (Regional Trainings)

• Coordination Meetings with JODI Partners

• Monthly Update of Database, manage the

JODI Website, etc.

• Continues Interaction with: Leaders,

Stakeholders, Users, Media, &

Researchers to Increase Visibility

JODI Conferences: Key to Advance JODI

Forward

Capacity Building: A Key Deliverable of Energy

Transparency

How JODI Works

JODI World Databases

Intense Efforts to Extend JODI-Oil

Reach

7 More JODI-Oil Participating Countries

since 2014

May 2014

101

May 2015

108

Armenia

Belarus

Gambia

Niger

Tajikistan

the FYR of Macedonia

Mauritius

Intensive Efforts to Extend JODI-Gas

Reach:

2 More JODI-Gas Participating Countries

since 2014

May 2014

77

May 2015

79

Iraq

the FYR of Macedonia

JODI Workshop with Energy Community March 2015

Progress from Energy Community Contracting Parties

• Ukraine and the former Yugoslav Republic of Macedonia are participating in the JODI Initiative.

• Moldova's submitted JODI questionnaires for both oil and gas in August.

• Montenegro and Serbia are expected to begin participating in JODI with monthly data very soon

• Albania, Bosnia and Herzegovina and Kosovo* to be ready by the end of 2015.

JODI: High on the Political Agenda

The 4th Asian Ministerial Energy Roundtable April 2011, Kuwait City

G8 Actions on Energy & Climate Change May 2012, Camp David, USA

14th International Energy Forum May 2014, Moscow

4th IEF-IGU Ministerial Meeting November 2014, Acapulco Mexico

G20 Meetings and Summits

Featured regularly in international media

Feedback From Leaders

“...we commit to strengthen Joint Organisations Data Initiative by ensuring

greater visibility, more complete and comprehensive data, enhanced access

and improved availability, and by maintaining support for capacity building. We

look forward to the launch of JODI-Gas at the earliest date possible…” - G20

Leaders Declaration: September 2013

“..The recent launch of JODI-Gas at the 14th IEF Ministerial was an important

step to bring about data transparency to gas markets…” - Dr Aldo Flores-

Quiroga, SG IEF at 4th IEF-IGU Mexico: November 2014

“ There was strong support for the progress on the usage and data capture,

particularly with the launch of JODI Gas last year. Some members suggested

expanding JODI to new energy resources...” G20 ESWG Meeting Turkey

February 2015

Feedback From Researchers and Users

“Whenever we ask Ali Naimi about Saudi Arabia Production, he always tells us

to check JODI website.” WAEL MEHDI, Energy Correspondent -

Bloomberg News

“JODI is more than just a statistical exercise. It is in response to the demands

of policy makers and analysts to increase transparency in those markets.”

Graham White, Former Director of International Energy and Technology,

Department of Energy and Climate Change, UK

“JODI is an invaluable database that allows oil market analysts easy and ready

access to understand the supply and demand fundamentals of the energy

market.”- Octavio Santa Gadea, Trading Strategist,

Phillips66 International Trading Pte, Ltd.

“Energy Security is linked to decisions, based on high quality data.” GAURI

JAUHAR, DIRECTOR – CONSULTING & RESEARCH – IHS India

Market data transparency matters

Both producers and consumers will benefit from a more stable and transparent energy market

Why the need for enhanced transparency in

energy markets?

Short-term

• Annual budgeting

• Purchase decisions for power generation

• Informed trading decisions

• Short-term market analysis.

Long-term

• Strategic planning

• investment decisions

• Long-term contract decisions.

Energy Data Transparency

“..JODI Everyone matters..”

“..JODI is not database. JODI is a

commitment..”