Secretary General of the GECF “The Role of the Gas Exporting Countries Forum in Global Energy Security” RPGC 2010 Moscow, June 22, 2010
Feb 09, 2016
Secretary General of the GECF
“The Role of the Gas Exporting Countries Forum
in Global Energy Security”
RPGC 2010Moscow, June 22, 2010
Gas Exporting Countries Forum
11 members of the Forum: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad & Tobago and Venezuela.
3 observers: Kazakhstan, Netherlands and Norway
Headquarters located in Doha, State of Qatar 2
MissionTo exploit and manage natural gas reserves for the benefit of their nations; To promote integration of the gas market and its stability; To protect the sovereign rights of Member-Countries over their natural gas reserves Independently plan and provide for sustainable and effective ecologically friendly development.
3
Fall in Gas Demand
- 6%
- 2%
- 9%
-10%-9%-8%-7%-6%-5%-4%-3%-2%-1%0%
Gas demand in 2009 vs 2008 for major consumers
Europe North America Japan and KoreaSource: Wood Mackenzie, IEA
4
Current Market Challenges
Slow recovery of the gas market Lower investments in gas production due to uncertainties OversupplyCompetition from unconventional sources Lower spot prices in USA and Europe decoupled from oil prices
5
GAS IN ENERGY BALANCE
34,1%
20,9%26,5%
5,9%12,6%
World energy use by fuel, 2009
Oil
Natural gas
Coal
Nuclear
Renewable Source: IEA
6
Natural Gas Competitive Edge
Natural Gas* Nuclear Renewabl
e energy Fuel oil Coal
Price factor + + -
subsidised + -subsidised
Ecology factor +
+waste
management problem
+ -high CO2
-high-ash,
CO2
* Conventional and shale gas7
Common aspirations
Prices
Supplies
Prices
Sales Market
s
Gas Markets Stability
8
Coordination for Transparent Data Flow
Gas Data
Gas market analysis and prognosis
Reliable information
Database
Gas market modelling
Gas market coordination
9
Data Exchange
Launch reliable database on gasProvide data on monthly basis
Establish close cooperation with international energy organizations to work jointly on gas data reporting mechanisms
10
Research Activity
Launch of in-house research centreGas market model installationPublishing of market research and outlooks
11
Thank You For Your Attention