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Oct. 11 (Bloomberg) -- The Joint Organization Data Initiative, an association supervised by the world’s biggest gathering of energy ministers, plans to publish data on natural gas supply and demand by October 2012.
The group, backed by the International Energy Forum, aims to put out the information “by this same time next year,” Dr. Said Nachet, executive director, said today in Beijing. JODI will also gather information from governments on expansions in exploration, refining and natural gas, he said.
“The industry is forward looking,” he said at a press conference today. “Perceptions about possible shortages in the future will also influence the market in the short term.”
The Riyadh-based Energy Forum represents 87 countries including China, the U.S. and Saudi Arabia, which account for about 90 percent of global oil and gas supply and demand.
JODI was established by organizations including Asia- Pacific Economic Cooperation, Eurostat, International Energy Agency, Latin American Energy Organization, Organization of Petroleum Exporting Countries, and United Nations Statistics Division.
--With assistance from Chua Baizhen in Beijing. Editor: Christian Schmollinger, Mike Anderson.
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