WORKING DOCUMENT DO NOT CIRCULATE

BUCHAREST FORUM ENERGY 2014

June 4-5, 2014

DRAFT AGENDA*

Day one, June 4

The key objective of Bucharest Energy Forum is to offer an annual, high level convening platform for

private and public stakeholders in the Energy Sector in the Black Sea Region. An inclusive, educated

conversation with key sector leaders and experts provides policymakers and investors with valuable,

accurate and actionable information and offers a clear vision for decision makers.

08:30 - 09:00 Welcome coffee & registration of participants

09:00 - 10:30 Opening Plenary Session: TRANSATLANTIC COOPERATION FOR

ENERGY SECURITY IN EUROPE

Global energy markets but also the impact of climate change make the collaboration between the

United States and the European Union ever more essential for ensuring energy security. Regional

developments in the Black Sea area and elsewhere only underlined the relevance of transatlantic

energy cooperation. European and the American energy markets combined are the worlds largest.

With TTIP negotiations in full swing the sector is important from an economic, strategic but also

regulatory perspective. In recent years, both actors have steadily increased their dialogue on topics

such as collective energy security, energy efficiency and alternative energy sources. Since 2009 an

EU-US Energy Council was established, with the purpose of bringing together key actors working on

energy issues in three areas: energy security, energy technologies research and energy policy. In

addition, starting with June 2013, the European Commission initiated trade and investment talks with

the United States. The aim of this session is to analyze the common EU and US approach on the need

to promote open, transparent, competitive global energy markets.

Welcome address: Valeriu Zgonea, President, Romanian Chamber of Deputies

Keynote addresses: Victor Ponta, Prime Minister of Romania (TBC)

Gnther Oettinger, European Commissioner for Energy (TBC)

Rzvan Nicolescu, Minister Delegate for Energy, Romania

Robin Dunnigan, Acting Deputy Assistant Secretary for Energy Diplomacy

U.S. Department of State

Jaroslav Neverovi, Minister of Energy of the Republic of Lithuania

Tudor Copaci, Deputy Minister of Economy of the Republic of Moldova

Yurii Prodan, Minister of Energy and Coal Industry of Ukraine - TBC

Taner Yildiz, Minister of Energy and Natural Resources of Turkey - TBC

10:30 - 13:00 Plenary Session THE BLACK SEA: OIL AND GAS PROSPECTIVITY,

CHALLENGES AND POTENTIAL IMPACTS

Redefining the global energy mix has become one of the most important priorities for the international

community. Natural gas, the cleanest fossil fuel, situates itself as a vital component of the global

energy mix. Although previous efforts were made in exploring the Black Sea basin potential for gas,

the basin characteristics required costly high-tech equipment and not much gas has been produced so

far. At a time when European reserves are being depleted, and consumers' appetite continues to

increase, natural gas is becoming critically important to the EUs aim for energy independence. As so

the EU is currently involved in the creation of an efficient and well-functioning internal market for

gas. However, major long-term capital investments in the infrastructure sector are vital.

I. Energy Security & Regional Geopolitics

Energy security, exploration and production, energy transportation and geopolitics are the main

challenges that bring along multiple opportunities at the Black Sea. Exploratory drillings in the Black

Sea continental shelf revealed a major potential for this area to become important in oil and gas

upstream development for Europe. In energy terms, the Black Sea basin constitutes a bridge between

the Caspian region, Europe, Middle East and the East Mediterranean. With important stakeholders in

the area, gas and oil pipeline investment decisions are still to be taken. Political and economic issues

will play a significant role in these investments. Specific issues in relation to the Bosphorus Straits, to

new quantities entering the market from fossil and renewable sources but also to future gas pipelines

linking the region, all will contribute to the oil and gas mix for the wider Black Sea area. Through this

panel we aim to clarify the issues these new developments raise as to develop a potential framework

both at political and economic levels.

Rzvan Nicolescu, Minister Delegate for Energy, Romania

ExxonMobil representative

Mariana Gheorghe, CEO, OMV Petrom SA

Bogdan Aurescu, Deputy Minister, Ministry of Foreign Affairs of Romania -

TBC

Michael Rhle, Head Energy Security Section, Emerging Security Challenges

Division, NATO - TBC

Ed Chow, Senior Fellow, Center for Strategic and International Studies (CSIS)

Iulian Chifu, Presidential Advisor for Strategic Affairs and International

Security

II. Black Sea Upstream Development Opportunities

By building on the momentum presented by the energy opportunities in the Black Sea Region, both

policymakers and investors could create a winwin scenario that would benefit a regional growth

model creating jobs, infrastructure innovation and horizontal positive effects. Some of the key aspects

to be discussed include what conditions need to be in place for successful investments leading to a

transparent, stable, secure and reliable gas market in the region.

Moderator: Paul Ivan, Policy Analyst, European Policy Centre -TBC

Panel Discussion: Gheorghe Duu, President of Natural Agency for Mineral Resources (ANRM)

Linda Ducharme, Vice President, ExxonMobil: SE Europe gas market

evolution and outlook

Tim Boersma, Fellow Energy Security Initiative, Brookings Institute

Gary Ingram, Head of Black Sea Development, OMV Petrom - TBC

Virgil Metea, General Manager, Romgaz: Onshore Gas Potential - TBC

Oleg Shurubor, Director, LUKOIL Overseas - TBC

GDF SUEZ representative - TBC

E.ON representative - TBC

13:00 - 14:00 Lunch

14:00 - 15:45 Panel II: GAS MARKET AND ROLE OF INFRASTRUCTURE

DEVELOPMENT IN THE BLACK SEA REGION

Redefining the global energy mix has become one of the most important priorities for the international

community. Natural gas, the cleanest fossil fuel, situates itself as a vital component of the global

energy mix. Although previous efforts were made in exploring the Black Sea basin potential for gas,

the basin characteristics required costly high-tech equipment and not much gas has been produced so

far. At a time when European reserves are being depleted, and consumers' appetite continues to

increase, natural gas is becoming critically important to the EUs aim for energy independence. As so

the EU is currently involved in the creation of an efficient and well-functioning internal market for

gas. However, major long-term capital investments in the infrastructure sector are vital. This panel

facilitates discussions over the active engagement of the producing and transit countries, along with

the EU and gas industry actors in enabling the Black Sea to reach its potential. The perspective of a

liberalized, single energy market in Europe but also in the Black Sea region requires technological,

financial and political answers.

Welcome address: Nicolae Havrile, President of Romanian Energy Regulatory Authority (ANRE)

Moderator: Radu Dudau, Associate Professor, Bucharest University & Director, Energy

Policy Group

Keynote addresses: Reinhard Mitschek, OMV, Former General Director of Nabucco Gas Pipeline

Petru Vduva, Manager General, Transgaz

Jnos Fehr, CEO, FGSZ Natural Gas Transmission (Hungary)

Tudor Copaci, Deputy Minister of Economy of the Republic of Moldova

Edwin Kaufmann, Head of Market Area Management, GasConnect Austria

Sergei Zubov, Deputy Director, Ukrtransgas AC (Ukraine) - TBC

Emre Engur, Head of Department, Strategy Development and International

Projects, BOTAS (Turkey) - TBC

16:00-17:00 Parallel Workshops: break out rooms closed to media

Revival of Gas in the Energy Mix; Role of Markets in Monetizing Gas (Gas and Power divisions

from EM, OMV, Petrom and Romgaz experts); Gas Market Governance at National & EU

Level

Moderator: Ovidiu Nahoi, Economic Journalist, The Money Channel

Dumitru Chisli, Consilier al Ministrului Energiei Ministerul Energiei - TBC

Dennis Hesseling, Head of Gas Department, Agency for the Cooperation

of Energy Regulators (ACER)

Hans-Peter Floren, Executive Board Member Gas & Power, OMV Gas &

Power - TBC

Alexander Antonyuk, Expert, Energy Markets and Regulations, European

Investment Bank (EIB) - TBC

Energy outlook: Engaging Citizens and Community (practical options to meet peoples energy

needs)

Moderator: Drago Pslaru, General Manager, GEA Strategy & Consulting SA

Fabioara Ionescu, Director of Industrial Park Ploiesti, Vice-president of the

Association For Industrial, Technology And Business Parks- TBC

Dr. Pascu Mihai Coloja, Ploiesti University of Petroleum and Gas - TBC

Iulian Badescu, Mayor of Ploiesti - TBC

UPETROM Group representative - TBC

Honeywell representative - TBC

Lufkin representative TBC

19:00-22:00 Bucharest Forum Panelists and Guest Conversation Dinners

By invitation only, parallel dinner with joint pre dinner cocktail and nightcaps

Dinner Conversation: Is a New Paradigm for European Energy Security Inevitable? How will

the EU energy needs but also the existing policy mix, new sources of supply and new policy

context shape medium term competitiveness of the EU's economy? What next for the EU

liberalization package; is a transatlantic approach the solution for Europe's energy challenge?

Special Guests: Razvan Nicolescu, Romanian Minister Delegate for Energy

Mihnea Constantinescu, Ambassador at large for Energy Security

Dinner Conversation: Successful energy sector investments are part of the growth and

employment cycle and a major competitiveness factor. Energy investments, privatization and

consolidation in Eastern Europe and Romania as well as EU liberalization process are part of

the picture. The task: to create a framework for large scale, sustainable and successful energy

investments designed to address the need for secure, stable and competitive energy and fiscal

revenues.

Special Guests: Ioana Petrescu, Romanian Minister of Finance

Dragos Andrei, State Councilor, Cabinet of the Prime Minister

Dinner Conversation: Balancing Cost, Competitiveness and Climate: mapping out a path

between fossil & renewable sources of energy in Europe: the need for a coherent national and

European regulatory framework and practices as a key for safe, innovative and economically

competitive energy sector

Special Guests: Atilla Korodi, Romanian Minister of Environment TBC

Tudorel Constantinescu, advisor DG Energy EU Commission

Day two, June 5

08:30 - 09:00 Welcome coffee & registration of participants

09:00 - 09:30 Opening Plenary Session

Welcome address: Constantin Ni, Minister of Economy and Trade of Romania - TBC

Miodrag Canovic, Deputy Minister of Economy, Montenegro

Toni Volpe, CEO, Enel Romania

09:30 - 11:00 Plenary Session: THE CASPIAN LINK IN THE EUROPEAN ENERGY

MARKET

The Caspian Sea region has become increasingly central to European energy security projects and

prosperity owing to its rich human potential and its significant oil and gas resources. The current

East-West energy supply routes will enable oil and gas transportation from the Caspian region to the

West, while enhancing stronger co-operation between all the countries concerned. The implementation

of the Trans-Adriatic (TAP) and Trans-Anatolian (TANAP) gas pipeline projects is to make a great

contribution to ensuring the region's energy security along with that of Europe. In this context, Turkey

and Azerbaijan are important partners for Europe in ensuring energy security. Yet, this redefined

geopolitics has an impact on the existing actors and stakeholders currently activating in the European

market. This plenary session is to address the importance of the Caspian link while identifying main

challenges to be addressed in the near future. The issue of energy security has been for quite some

time a major element of the European Energy Strategy. In the current regional context and the

Ukrainian crisis many voices have expressed the need for a clear roadmap that can ensure that energy

and energy trade does not become either an instrument or a victim in regional crisis.

Moderator: Mihnea Constantinescu, Ambassador at large, Special representative for

Energy Security of the Romanian Government

Panel Discussion: Matthew Bryza, Director, International Centre for Defence Studies

Giorgi Tatishvili, Head of State Agency for Oil & Gas, Georgia

Ed Chow, Senior Fellow, Center for Strategic and International Studies (CSIS)

Neil Brown, Non-resident Fellow, German Marshall Fund of the United States

Sergei Konoplyov, Director, Harvard Black Sea Security Program and US-

Russia Security Program, John F. Kennedy School of Government, Harvard

University

Vladimir Socor, Senior Fellow - Eurasia Program, The Jamestown Foundation

- TBC

Hamza Karimov, CEO, SOCAR Romania - TBC

Ron Carpenter, Co-CEO, Amromco Energy - TBC

10:30 - 10:45 Coffee break

10:45 - 12:15 FINANCING MEDIUM AND LONG-TERM ENERGY SECURITY FOR

A LOW-CARBON ECONOMY (pipelines, energy efficiency, exploration

and new sources)

European Union commitment toward making its economy more climate-friendly and less energy

consuming is to take effect through major investments in clean technologies, low- and zero- carbon

energy and increased innovation. However, such investments require major capital investments; this is

partly because the current infrastructure and energy transition planning is estimated to become

operational no sooner than 2050. There are significant costs related to both maintaining adequate

supply and planning for a low carbon future while ensuring the competitiveness of regional

economies. To activate the private capital, governments need to implement functional private-public

partnerships, clear strategies and a coordinated European approach.

Moderator: Vasile Iuga, Country Managing Partner, PricewaterhouseCoopers Romania

Ioana Petrescu, Romanian Minister of Finance

Drago Andrei, State Councilor, Cabinet of the Prime Minister - TBC

Mihai A. Ionescu, Head of Representative Office Romania, Deutsche Bank

Ioana Anca Gheorghiade, Executive Director for Public Sector and

Infrastructure Financing, BCR

Maria Vagliasindi, Lead Economist in the Energy Anchor of the World Bank

Tudor Constantinescu, Principal Advisor, DG Energy, European Commission

Louis Borgo, Senior Banker Power & Energy Department, EBRD

Daniela Lulache, CEO, Nuclearelectrica

Daniel Badea, Managing Partner, Clifford Chance Badea

Traian Halalai, President, Eximbank of Romania - TBC

Steven van Groningen, President, Raiffaisen Bank Romania - TBC

Ana Maria Mihaescu, Chief of Mission, IFC Romania - TBC

Bogdan Drgoi, Presidential Advisor for the Relation with the Business

Environment - TBC

Grzegorz Konieczny, CEO, Franklin Templeton Romania - TBC

Gabriel Dumitracu, Special Administrator, Hidroelectrica - TBC

Elliott Associates representative - TBC

12:15 - 13:00 Lunch: Financing Mechanisms

13:00 - 14:30 Parallel sessions:

Parallel session: Offshore Production & Industrys Commitment to Safety

The current explorations along with the start of shale gas exploitation have brought into public

attention this industrys environment safety actions. The oil and natural gas industry has a strong

safety record, despite a work environment that often involves heavy equipment, hazardous materials,

high temperatures and high pressures. Actors in the field constantly reaffirm their commitment to

develop technologies, standards, and programs for environmental risk reduction, as safety is their top

priority. The purpose of this panel is to foster further debates on offshore production in a formula that

reunites government representatives, industry actors and relevant regulatory agencies. Within the

framework of a fair and open dialogue, all parties are encouraged to involve actively in setting real

and clear benchmarks.

Welcome address: Atilla Korodi, Minister of Environment - TBC

Keynote addresses: Joerg Koehli, Team Leader Offshore Safety of Oil and Gas Operations

European Commission, Directorate General Energy Internal Market III: Retail

markets, coal and oil European Commission

Liviu Aurelian Cazan, Deputy Director Romanian Naval Authority

ANRM representative - TBC

GSP representative - TBC

Prospectiuni SA representative - TBC

Exxon Mobil representative - TBC

OMV PETROM representative - TBC

Parallel session: The European Supergrid: Electricity infrastructure & market, a pillar of

European Energy Policy

In its ambitious plan to fight climate change and to secure the European energy future, the member

states of the EU expressed their commitment for building the biggest market of electricity, connecting

more than 500 million consumers throughout the continent. This panel is designed to explore the

impact of energy grid and distribution related issues.

Moderator: TBD

Panel Discussion: Karoly Borbely, Secretary of State at the Department of Energy, Romania

Julian Popov, Senior Advisor to the European Climate Foundation, Former

Minister of Environment and Water of Bulgaria

Ion Gru, Advisor to the Prime Minister of the Republic of Moldova

Victor Ionescu, General Manager, Romanian Gas and Electricity Market

Operator (OPCOM): Gas trading platforms - TBC

Mevlt Akdeniz, Electrical Power System Planning Engineer, TEIAS Turkey

(Turkish Electricity Transmission Company)

Matteo Cassani, Head of Business Development, Enel

Parallel session: The future of energy: technology and research

Mihnea Costoiu, Minister Delegate for Higher Education, Scientific

Research and Technological Development - TBC

Dan Gheorghiu, President, Institute for Studies and Power Engineering (ISPE)

Ion Bolocan, Vice-rector pentru Cercetare tiinific Petroleum-Gas University

- TBC

Jan tambask, European-Biogas Association - TBC

Gilles Humbert, General Director, Dalkia - TBC

Barbara Frei, Country Manager Italy ABB Spa - TBC

ExxonMobil Upstream Research Center representative - TBC

Kinttstellar representative - TBC

14:30 - 14:45 Coffee break

14:45 - 16:15 Parallel sessions:

Parallel session: New energy sources: balancing price, CO 2 emissions and sustainability

(new fossil, shale, coal gas, tight oil, green, comparative advantage, opportunity

costs, technology & environment, regulatory framework, impact on prices)

Moderator: Ana Otilia Nutu, Expert, Expert Forum - TBC

Radu Dudu, Associate Professor, Bucharest University & Director, Energy

Policy Group

Kristine Berzins, Program officer in the Energy & Society program, German

Marshall Fund of the United States - TBC

Thomas Holst, Country Manager, Chevron Romania - TBC

Ilian Vassilev, Managing Partner, Innovative Energy Solution

Jean Valvis, President of Valvis Group - TBC

E.ON, representative - TBC

CEZ, representative - TBC

Iberdrola representative - TBC

Alexandrion Group representative - TBC

Parallel session: Manufacturing and employment for energy revival in Europe

Elena Popescu, General Director, Directorate General for Energy and

Environment, Department of Energy, Ministry of Economy, Romania - TBC

Drago Pslaru, General Manager, GEA Strategy & Consulting SA

Cameron representative

OECD representative - TBC

Halliburton representative - TBC

Lufkin representative - TBC

Energobit representative - TBC

Romelectro representative - TBC

Dafora representative - TBC

16:15 - 16:30 Plenary Conclusions and Media briefing