Gas Data Transparency Conference
26th October 2010, Moscow, Russia
Importance of natural gas data transparency to sound market analysis and decision making in industry
The Gas Data Transparency Conference was held in Moscow, Russian Federation on 26 October 2010. The purpose of the Conference was to discuss globalization of gas markets, their progressive liberalization and its impact on the availability of gas data, including data collected on a monthly basis. Participants also reviewed experiences of gas data collection at local, regional and international levels in addition to the conditions necessary for establishing a monthly gas data mechanism exercise at the global level.
The event was organized by the International Energy Forum (IEF), the coordinator of the Joint Oil Data Initiative (JODI) with participation from the Asia Pacific Economic Cooperation (APEC), the International Energy Agency (IEA) and the Latin American Energy Organisation (OLADE). In recognition of the ongoing work of the Gas Exporting Countries Forum (GECF), in establishing a gas data collection mechanism that could result in GECF joining the inter-organisational efforts to enhance gas data transparency, the GECF was also invited to participate in this event. The International Gas Union (IGU), Eurogas, UNCTAD and Gas producing, consuming / transiting countries such as Austria, Bolivia, Hungary, Germany, Mexico, Russia, Switzerland and Tunisia participated in the Conference.
In his opening address, Secretary General of the IEF, Noe van Hulst, emphasised the role of gas data transparency in improving operational efficiencies in the gas market and investment planning. In his welcoming remarks, Ilya Galkin, Deputy Director International Cooperation, Ministry of Energy of the Russian Federation, underlined the importance of gas data transparency to Russia as a responsible major gas market player.
The conference participants discussed the challenges raised by the extension of JODI to cover natural gas. A number of critical actions were identified to support the establishment of a monthly gas data collection mechanism in the short term. The experience accumulated during the implementation of Oil-JODI was considered beneficial for organisations involved in enhancement of gas data transparency. Participants agreed that establishment of a training programme and publication of a ‘JODI Gas manual’ are essential steps toward further gas data transparency. Participants also welcomed the GECF’s contribution in preparing a monthly data reporting system from its member countries. This positively acknowledged the participation from all their major gas producing/exporting countries.