Better Data–Better Decisions: JODI History to Present ... · Better Data–Better Decisions: JODI...
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Better Data – Better Decisions:
JODI History to Present: Importance of Energy Data Transparency
Fuad A. AlZayerCoordinator, Energy Data Transparency – JODI, IEF, Riyadh
Global Energy DialogueCreated by Ministers for Ministers
IEF Member CountriesAccount for around
Global Oil and Gas Supply & Demand
of
Neutrality and CooperationIEF raises key issues - facilitates stakeholder engagement
Experts
Ministers
OPEC
G20
IEA
EU
UNSDEurostatAPEC OLADE
Officials
Academia
IGU
Producer
CEOs
Consumer
Transit
GECF
IEF Industry Advisory Committee (IAC)Values IEF Neutrality and Convening Power
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)
The Call for JODI
• Why Did Leaders asked for JODI in Year 2000?
• Why does the world need energy data transparency (JODI)?
Source: OPEC World Oil Outlook 2014
35 3532
2729 30 30
29
23 23 2426
6 6 6 6
3 3 3 34 4 4 5
1 1 14
0
5
10
15
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2009 2010 2020 2035
%
Oil Coal Gas Nuclear Hydro Biomass Other Renewables
JODI Started with Oil: The Leader of Energy Sources
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JODI Started with Oil: Oil price variation impacts other energy prices
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20
40
60
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120
‐60%
‐40%
‐20%
0%
20%
40%
60%
80%
1998
2001
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2013
$/by‐o‐y Oil
0
2
4
6
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10
12
1998
2000
2002
2004
2006
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2010
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2014
$/tcfGas
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5
10
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20
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30
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‐25%
‐20%
‐15%
‐10%
‐5%
0%
5%
10%
15%
20%
25%
1998
2000
2002
2004
2006
2008
2010
2012
2014
$/sty‐o‐y Coal
Source: EIA
JODI was born as one of the solutions to Address Oil Prices Volatility
0%
2%
4%
6%
8%
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16%19
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0020
0120
0220
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1120
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Source: ICE
JODI Journey Started with JODI‐Oil
• 2000: Ministers at the IEF7 called for improved transparency and better oil data. 2001: JODI was set up by (APEC, EUROSTAT, IEA, OLADE, OPEC, & UNSD) 2001: Joint Oil Data Exercise launched; asked countries to fill out a monthly,
harmonised oil data data questionnaire. 2002: 70 countries submitting monthly oil data. 2003: JODI‐Oil became a Permanent Initiative 2005: The IEF assumed the role of JODI Coordinator 2005: JODI Oil World Database for (90+ Countries) was opened 2012: Additional JODI‐Oil DataPoints released 2015: Still Going Strong with better Data and increasingcountries willing to
Participate
Shared Progress in Expanding JODI to Cover Gas
JODI-Gas Exercise launched Oct 2009
Support for JODI-Gas reaffirmed at the 13th IEF Ministerial Mar 2012
JODI-Gas Exercise became a permanent reporting initiative Oct 2012
52 countries (~2/3 of demand & supply) submitting gas data Nov 2012
Launch of JODI-Gas beta version for the 66 countries Jan 2013
JODI-Gas Manual finalised May 2013
Third Gas Data Transparency Conference in Bali Indonesia Jun 2013
Regional JODI Training Workshop: KL Malaysia JODI-Gas Oct 2013
GECF became a JODI Partner Apr 2014
Public launch of JODI-Gas May 2014
The Journey of JODI: From Year 200 to Present
Much Progress Made on JODI since Introduction of the Initiative in 2000
BangkokApr 01BangkokApr 01
RiyadhNov 01RiyadhNov 01
MexicoMay 02MexicoMay 02
Osaka2002Osaka2002
CairoOct 03CairoOct 03
Doha2006Doha2006
Riyadh2000Riyadh2000
BaliOct 04Bali
Oct 04
RiyadhNov 06RiyadhNov 06
A’dam2004A’dam2004
Rome2008Rome2008
QuitoJun 09QuitoJun 09
Cancun2010
Cancun2010
Kuwait2012Kuwait2012
Moscow2014
Moscow2014
MoscowOct 10MoscowOct 10
BeijingOct 11BeijingOct 11
KLNov 09
KLNov 09
BangkokSep 08BangkokSep 08
RiyadhMar 08RiyadhMar 08
AlgiersOct 07AlgiersOct 07
J’burgJan 07J’burgJan 07
DohaMay 12DohaMay 12
CaracasAug 06CaracasAug 06
AnkaraNov 09AnkaraNov 09
JT1
JT4
JT6
JT5
JT3
JT2
JT7
JC1JC2
JC3JC4
JC5
JC6
JC7
JC8GDTC1
GDTC2
Public Release of JODI‐Oil World Database Public Release of JODI‐Oil World Database
RiyadhNov 05RiyadhNov 05
JODE – JODI (permanent mechanism)
JODE – JODI (permanent mechanism)
Launch of the JODELaunch of the JODE
Decision to make Database PublicDecision to make Database Public
Focus on Data Quality Focus on Data Quality
Extended JODI QuestionnaireExtended JODI Questionnaire
Public Release of Trade DataPublic 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
2nd Edition JODI‐Oil Manual
JODI‐Gas Manual Launch JODI Gas
The Journey of JODI: A Concrete Outcome of Cooperation among 8 International Organisations and 100+ Countries
New DelhiApr 15
New DelhiApr 15
JC12
GECF Joins Apr 14
GECF Joins Apr 14
DohaNov 14DohaNov 14JT10
JT8BakuFeb 14BakuFeb 14
JT9
ViennaMar15ViennaMar15JT11
RabatOct 12RabatOct 12
BangkokOct 14BangkokOct 14
DohaNov 14
• GECF Joins Apr 14
• JODI‐Gas Manual
• GECF Joins Apr 14
• JODI‐Gas Manual
JODI’s journey: Concrete Cooperation & nonstop outreach
BangkokApr 01BangkokApr 01
RiyadhNov 01RiyadhNov 01
MexicoMay 02MexicoMay 02
Osaka2002Osaka2002
CairoOct 03CairoOct 03
Doha2006Doha2006
Riyadh2000Riyadh2000
BaliOct 04Bali
Oct 04
RiyadhNov 06RiyadhNov 06
A’dam2004A’dam2004
Rome2008Rome2008
QuitoJun 09QuitoJun 09
Cancun2010
Cancun2010
Kuwait2012Kuwait2012
MoscowOct 10MoscowOct 10
BeijingOct 11BeijingOct 11
BogotaJul 10
BangkokSep 08
RiyadhMar 08RiyadhMar 08
AlgiersOct 07
J’burgJan 07
DohaMay 12DohaMay 12
CaracasAug 06
AnkaraNov 09
JT1
JT4
JT6
JT5
JT3
JT2
JT7
JC1JC2
JC3JC4
JC5
JC6
JC7
JC8GDTC1
GDTC2
Public Release of JODI‐Oil World Database Public Release of JODI‐Oil World Database
RiyadhNov 05RiyadhNov 05
JODE – JODI (permanent mechanism)
JODE – JODI (permanent mechanism)
Launch of the JODELaunch of the JODE
Decision to make Database PublicDecision to make Database Public
Focus on Data Quality Focus on Data Quality
Extended JODI QuestionnaireExtended JODI Questionnaire
Public Release of Trade DataPublic Release of Trade Data
19 November 2005 Launch of JODI Database by King Abdullah
Public Release of JODI‐Gas World DatabasePublic Release of JODI‐Gas World Database
New DelhiApr 15
New DelhiApr 15
JC12
KLOct 13JT8
RabatOct 12
JT9
JT10
BakuFeb 14
JT12
P. SpainOct 15
2nd Edition JODI-Oil Manual
Moscow2014
Moscow2014
ViennaMar 15JT11
BaliJun 13Bali
Jun 13GDTC3
High profile launches of JODI-Oil and JODI-Gas
A lot of work by everyone to Make JODI Happen
1. JODI Conferences (Every a year or 2)
2. Capacity Building (Regional Trainings: 2 or 3 times a year)
3. Coordination Inter- Secretariat Meetings with JODI Partners (3 Times a year)
4. Monthly Update of JODI Database, Manage the JODI Website, Answer Enquiries, Conduct User Surveys, etc. (Continues)
5. Collaboration with: Leaders, Stakeholders, Users, Media, & Researchers (Continues) .
6. Promotion of JODI: Partner Websites, High level Meetings, Research Community, Academia, Media, etc.
Capacity Building: A Key Deliverable of Energy Transparency
JODI Conferences: Key to Advance JODI Forward
Intensive Efforts to Extend JODI-Gas Reach:
7 More JODI-Oil Participating Countries
May 2014
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May 2015
108
ArmeniaBelarusGambiaNigerTajikistanthe FYR of MacedoniaMauritius
Intensive Efforts to Extend JODI-Gas Reach:
3 More JODI-Gas Participating Countries
May 2014
77
June 2015
80
AlgeriaIraqthe FYR of Macedonia
JODI: High on the Political Agenda
The 4th Asian Ministerial Energy RoundtableApril 2011, Kuwait City
G8 Actions on Energy & Climate ChangeMay 2012, Camp David, USA
14th International Energy ForumMay 2014, Moscow
4th IEF-IGU Ministerial MeetingNovember 2014, Acapulco Mexico
G20 Meetings and Summits
Featured regularly in international media
Feedback From Users
“Whenever we ask Ali Naimi about Saudi Arabia Production, he always tells usto check JODI website.” WAEL MEHDI, Energy Correspondent -Bloomberg News
“JODI is more than just a statistical exercise. It is in response to increasetransparency in those markets.” Graham White, Former Director ofInternational Energy and Technology, UK
“JODI is an invaluable database that allows oil market analysts easy and readyaccess to understand the supply and demand fundamentals of the energymarket.”- 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
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…” -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
Market data transparency matters
Everyone can benefit from a more stable and transparent energy market
Looking Ahead
1. Build an efficient Data Collection Mechanism
2. Identify JODI Champions who can assist in advancing JODI
3. Strengthen capacity building efforts
4. Engage with JODI user/energy data analytics community
5. Raise JODI brand‐awareness and Enhance JODI Visibility
6. Evaluate further the extension of JODI to other forms of energy
7. Feed to IEF 15 in Algiers (Sept 2016)
JODI: Key for Stable Energy Marketplace
“..JODI is not database. JODI is a commitment..”
“..Both producers and consumers will benefit from a more stable and transparent energy market..”
“..JODI happens as a result of continuous cooperation among partners, countries, and the industry…”
“.. The User Community can play a key role in supporting JODI & and Energy data transparency ..”
https://www.jodidata.org/news/official-launch-of-the-jodi-gas-world-database
https://www.youtube.com/watch?v=tEMeYelru-c
Note: On 16 May 2014 at the 14th International Energy ForumMinisterial Meeting, the Partners of the the Joint Organisations DataInitiative (JODI) launched the JODI natural gas database (JODI-Gas) tothe public
Film: History of JODI & Launching JODI-Gas
Blank Slides: Fonts ands Format