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

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

9

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%

1998

2001

2004

2007

2010

2013

$/by‐o‐y Oil

0

2

4

6

8

10

12

1998

2000

2002

2004

2006

2008

2010

2012

2014

$/tcfGas

0

5

10

15

20

25

30

35

40

45

‐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%

10%

12%

14%

16%19

9219

9319

9419

9519

9619

9719

9819

9920

0020

0120

0220

0320

0420

0520

0620

0720

0820

0920

1020

1120

1220

1320

14

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

101

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