Overview of JODI achievements and extension to monthly natural gas data collection

Yuichiro TorikataEnergy Analyst

International Energy Forum

Overview of JODI achievements

Launch of the JODI

Launch of the JODI

55 countries

55 countries

Decision to make the exercise a permanent reporting mechanism

Decision to make the exercise a permanent reporting mechanism

Focus on Data QualityPrepare a JODI World DatabaseFocus on Data QualityPrepare a JODI World Database

Decision to make the database publicDecision to make

the database public

Extended JODI

questionnaire

Extended JODI

questionnaire

19 November 2005 Launch of JODI Database by King Abdullah

International Energy Forum

JODI Conferences

International Energy Forum

JODI Conferences

Amst.May 04

MexicoMay 02

BangkokApr. 01

RiyadhNov. 01

MexicoMay 02

OsakaSep. 02

CairoOct .03

DohaApr. 06

RiyadhNov. 00

BaliOct. 04

RiyadhNov. 06

RiyadhNov. 05

Amst.May 04

RomeApr. 08

QuitoJun. 09

What is the JODI Questionnaire?Country:Country:Month:Month: Unit:Unit:

Production

Imports

Exports

Closing Change

Refinery Intake

Crude Oil

Stocks

Petroleum Products

LPG Gasoline KeroseneGas/Diesel

OilFuel Oil Total Oil

Refinery Output

Imports

Exports

Closing Change

Demand

Stocks

Simple Definitions Simple Definitions

Month -1 and Month -2Month -1 and Month -2

Choice of units left to organisations Choice of units left to organisations

A Simple Format (42 data points) A Simple Format (42 data points)

NGLNaphthaProduct transfersStatistical Difference

Data collection system

Participating Countries

Partner organisations

IEF

Data released on the JODI website

Member countries submit data to their organisation

Country:Country:Month:Month:

Unit:Unit:

Production

Imports

Exports

Closing Change

Refinery Intake

Crude Oil

Stocks

Petroleum Products

LPG GasolineKeroseneGas/Diesel Oil

Fuel Oil Total Oil

Refinery Output

Imports

Exports

Closing Change

Demand

Stocks

JODI Questionnaire

Data are checked and processed

Putting JODI high in the political agendaCannes Summit final declaration, G20 Summit

3 - 4 November 2011, Cannes, France Meeting of Finance Ministers and Central Bank Governors

14-15 April 2011, Washington DC IEA Ministerial Meeting

18-19 October 2011, Paris, France The 4th Asian Ministerial Energy Roundtable 18 April 2011, Kuwait City Extraordinary International Energy Forum Ministerial Meeting 22 February 2011, Riyadh, Saudi Arabia Seoul Summit document, G20 Summit, 11-12 November 2010, Seoul, Korea 9th Meeting of APEC Energy Ministers

19 June 2010 Fukui, Japan 12th International Energy Forum 30 - 31 March 2010 , Cancun, Mexico G8 Declaration, G8 Summit 2009

8 -10 July 2009, L’Aquila, Italy The 3rd Asian Ministerial Energy Roundtable 26 April, 2009, Tokyo, Japan……. etc.

The JODI partner organisations and the IEF regularly conduct international JODI Conferences, which provide a platform for participating countries and data users to assess and debate the progress of the Initiative.

International JODI Conference

Capacity building effortsJODI Training Programme

JODI Training Workshops Level: Region. Number of participants: 20-30In-house Training Workshops Level: Country. Number of participants: 10-20JODI Internships Level: Country. Number of participants: 2-4

JODI Training Workshops Level: Region. Number of participants: 20-30In-house Training Workshops Level: Country. Number of participants: 10-20JODI Internships Level: Country. Number of participants: 2-4

- Help participating countries to report better quality data through the JODI Oil questionnaire.

- Offer participants in charge of oil statistics from governments an occasion to clarify Jodi definitions and to learn more about data quality assessment techniques.

- Offer also a good opportunity to share their best practices on data validation or to discuss issues on data collection.

Capacity building efforts JODI Manual

English

Russian

Spanish

ChineseJODI Oil Manual Second Edition

Participation situation in JODI Oil

Promotion of JODI • Monthly Data Report • Regular JODI Newsletters• JODI section for the IEF Newsletter

JODIdata.org

Extension to monthly natural gas data collection

Witnessed Changes in Regional Gas Markets and Globalisation …Asia-Pacific

- Major new importers of LNG together with long established markets- Suppliers to the region are global: both the Pacific Rim and the Middle East

Europe- The European Union’s single market process- Increasing LNG import: from both Atlantic Basin and Middle East

Eurasia- Key economic activity- Russian direct entry to LNG market

Latin America- Entering to the global gas market

The Middle East- Traditionally large scale supplier of LNG to both Atlantic and Pacific markets- Becoming a major gas consuming region

North America- Impact of world gas market developments on their local markets- International business opportunities

Africa- Countries in North and West Africa are major consumers as well as exporters

… Energy companies, their customers, and governments have an interest in improved gas information

In recent years, the price of gas in international markets has been extremely volatile. In principle the markets adapt to volatility, but practical difficulties are caused at a number of levels :

Budget planning Producer countries for whom resource rents, including rents from natural gas extraction, are an important contributor to national budgets, find that volatile prices create major complications in planning stable budget expenditures.

Customer bills. Consumers of gas — in industry and households — face mixed signals when prices are volatile. Many face economic hardship when prices are very high, but equally there are concerns that periods of low prices reduce incentives to invest in carbon-reducing energy efficiency. Volatility can cause political difficulties in consumer countries as well.

From a concept to an action

10th International Energy Forum, Doha, April 2006Ministers reaffirmed their commitment to providing timely and accurate data to JODI

and envisaged co-operation in expanding, in due course, the initiative to include data of other sources of energy that are important in the world energy mix.

the First IEF-IGU Ministerial Forum, November 2008Ministers and industry leaders “discussed the relevant issue whether a mechanism of

gas data reporting similar to JODI would enhance gas market transparency and encouraged the IEF Secretariat to assess with other relevant international organisations possible extension of JODI to cover natural gas data”.

11th International Energy Forum, Rome, April 2008 Given the trend towards globalization in the gas market, it is time to progressively

extend JODI to natural gas. Ministers encouraged the IEF Secretariat to take the initiative to make this happen, working together with other relevant international organizations and to report to the next Ministerial meeting, progress made in this regard.

IEF Study on feasibility of the proposed extension of JODI to include natural gas

Findings from the study

The report’s principal conclusion is that such an initiative is today feasible, without excessive burden being placed on the reporting organisations.

Why it’s feasible?

•77 countries out of 98 countries participating oil JODI are consumers and/or producers of natural gas.

• Three organisations (APEC, Eurostat, IEA) already have monthly gas data reporting architecture although there are differences in degree of data coverage and of their timeliness.

• OLADE is working toward to establish monthly gas data collection system

•OPEC and UNSD show their support for the Initiative within their availability and capacity

Findings from the study

The report’s principal conclusion is that such an initiative is today feasible, without excessive burden being placed on the reporting organisations.

Why it’s challenging?

• Measurement and reporting difficulties

• Confidentiality issues

• Exports and re-exports

•Educational challenges

- Reserves data have little market impact,

- Price data is of value to players in the market only where available in the very short term,

- But there is clearly room for complementary near-real-time data on supply and demand, and on levels of gas held in storage,

- Import and export data will enable a complete picture to be built on the global flows and availabilities of natural gas,

Market transparency will be improved by production, consumption, trade and stocks data.

What sort of information is needed?

Questionnaire formatJOINT GAS DATA INITIATVE QUESTIONNAIRE

  Country

  Month

  Year

   

Natural Gasm3

(at 15oC, 760 mm hg)Natural Gas Terajoules

    A B

Indigenous Production   0 0

Imports   0 0

of which: LNG   0 0

Pipeline    0  0

Exports   0 0

of which: LNG   0 0

Pipeline    0  0

Stock Change   0 0

Gross Inland Deliveries (Calculated)   0 0

Statistical Difference   0 0

Gross Inland Deliveries Observed   0 0

of which: Power Generation   0 0

Closing level of stocks held on national territory   0 0

Mass to volume conversion factor of LNG (if you have specific figure)

m3/ton LNG

Conversion factor

Gas data transparency conferenceMoscow ,26 October - summary

Some 40 participants from the gas industry, administrations, international organisations, and consultancy firms as well as gas experts.

Discussion• Globalization of gas markets• Progressive liberalization and its impact on the availability of gas data• Review on gas data collection at local, regional level • Identification of the conditions necessary for establishing a monthly

gas data mechanism exercise at the global level

Key findings• The experience of implementation of JODI Oil• Establishment of a training programme and publication of a ‘JODI

Gas manual’ • Need for further participation of key producing/consuming and

transiting countries.

Eurostat: 23 MC/candidates APEC: 19 countries/economies Austria Belgium Bulgaria Croatia Denmark Estonia Finland France Germany Greece Hungary

Ireland Italy Latvia Lithuania Norway Poland Portugal Romania Slovakia Slovenia Spain Turkey

Australia Brunei Canada Chile China Chinese Taipei Hong Kong Indonesia Japan

Korea Malaysia Mexico New Zealand Peru Philippines Russia Thailand USA

*There are some data submission from Vietnam, Peru prior to Jan 09OLADE: 5 countries

Bolivia Brazil

Dominican Rep. Trinidad/Tobago Uruguay

**Countries in red are also OECD member countries

Participation in gas data collection exerciseTotal 47 Countries and economies

Progress on gas data transparency

• Participation of GECF in the gas data transparency effort

• UNSD’s important role to cover data collection from key natural gas markets

• 2nd gas data transparency conference Doha Qatar, May 2012

Conclusion

JODI’s main achievements• Helped raising political awareness on the importance of oil

data transparency• Helped establishing a free sound oil data collection system at

the global level• Improved attitude toward data confidentiality• Created a momentum for more harmonization and

cooperation• Strengthened dialogue among different JODI stakeholders

Energy Ministers Administrations International Organisitions Industry and data providers Market analysts and data users Media

For more information, please visit www.jodidata.org