Title: European Petroleum Industry Association EUROPIA
1European Petroleum Industry AssociationEUROPIA
- Peter Tjan
- Secretary General
2EUROPIA
- Formed in 1989 as Association of Companies
- Represents interests of EU oil refining,
distribution and marketing industry to the EU
Institutions - Covers 90 EU refining capacity
- Members present in all EU-25 Norway,
Switzerland - Small Brussels-based Secretariat
- Independent Secretary General
- Executive staff on secondment from Member
Companies
3EUROPIA Member Companies
- BP
- Cepsa
- Chevron
- ConocoPhilips
- ENI
- ExxonMobil
- Hellenic Petroleum
- Kuwait Petroleum International
- MOL
- Neste Oil
- OMV
- Petrogal
- PKN Orlen
- RepsolYPF
- Saras
- Shell
- Statoil
- Total
Industry consolidation has affected membership
numbers but not the size and scope of the
activities covered by EUROPIA
4EUROPIA priorities
- EU Energy Policy
- Energy Efficiency
- Security of Supply
- Energy Mix
- Renewables
- Climate Change
- ETS
- Post 2012 GHG targets
- Fuels / Product Quality
- Automotive
- Marine
- Air Quality
- Security of Installations
- Taxation
5Conference Theme
- EU-India Partnership
- Safe Secure Energy
6Recent oil market developments
Demand growth
Source OPEC
7Increasing activity in futures market
- Open interest surpassed 1 million contracts
recently, reflecting sustained high interest by
funds in oil futures! - EU-OPEC Workshop on financial markets (Dec 06)
Source OPEC
8Long-term oil demand outlook
mbd
- Reference case sees oil demand rise by 30 mb/d by
2025 - Four-fifths of increase in demand in developing
countries - However, OECD remains dominant consumer
- Developing countries will consume, on average,
five times less oil per person, compared with
OECD countries
Source OPEC
9OPEC Investment scenarios
Uncertain future demand translates into a broad
range of possible OPEC investment needs
Source OPEC
10Crude Price Developments
/bbl
Source OPEC
11EU Energy Package (Jan 2007)
- The most important and ambitious energy package
it has ever presented - Demand Side
- Energy Efficiency
- Supply Side
- Indigenous sources
- Clean, low carbon Coal
- Oil Gas
- Renewables
- Wind/Hydro/Solar
- Biomass
- Power Heat
- Transport
- Nuclear
- Technology
- Foreign Policy initiatives
-
12EU Long Term Vision
- EU will source the clear majority of its energy
from secure carbon free resources - 2030 2050 target for low carbon energy
- Consistent targets for GHG reduction
-
13Partnership
- EU/India similarities
- Heavy reliance on fossil energy
- High dependency on foreign resources
- Similar source countries/areas
- Transport sector major consumer of fossil fuels
- Fast changing perception of
- Oil as a abundant low cost resource
14Partnership Opportunities
- Develop/align long term energy strategy
- Demand
- Consumer/consumer dialogue
- energy efficiency
- Product specifications
- Supply
- Maximise indigenous opportunities
- Exploit renewables potential
- External relations priorities
- Technology
- Align priorities and efforts and share best
practices - Joint development platforms
- Markets
- Remove market distortions
- Full price transparency
- Remove access barriers
-
15Thank You
www.europia.eu
www.europia.com