APEC Energy Working Group Ms Vicki Brown representing the Lead Shepherd APEC Energy Working Group Presentation to the APEC EGCFE Workshop Taipei, Chinese Taipei 21 March 2005

1 APEC Energy Working Group Vision: To promote the contribution of energy to the economic, social and environmental enhancement of APEC Economies.

2 Energy Security Initiative Short-term measures: Oil Price Impacts Joint Oil Data Initiative Sea Lane Security Real-Time Emergency Information Sharing Energy emergency response

3 Energy Security Initiative Longer-term measures: Energy investment Energy efficiency Natural Gas Trade Nuclear Power Methane Hydrates Clean Fossil Energy New and renewable energy Hydrogen, fuel cells, alternative transportation fuels Petroleum Infrastructure and crude and refined products

4 6 th APEC Energy Ministers Meeting Responding to our Energy Security Challenges –Prepare for Energy Supply Disruptions –Facilitate Energy Investment –Use Energy More Efficiently –Expand Our Energy Choices –Capitalise on Technical Innovation

5 Facilitating the development of LNG Trade in the APEC Region Best Practice Principles –Trade – General –Financing and Investment –Emergency Scenarios –Technology Transfer and Knowledge Sharing –Permitting Processes and Regulatory Issues –Public Education

6 Facilitating the development of LNG Trade in the APEC Region Best Practice Principles –Trade – General –Financing and Investment –Emergency Scenarios –Technology Transfer and Knowledge Sharing –Permitting Processes and Regulatory Issues –Public Education

7 Facilitating the development of LNG Trade in the APEC Region Recommendations –Invite LNG experts to joint EGCFE –Encourage financial institutions to support LNG projects –Develop LNG data mechanism –Share information on regulations, standards etc. –Program for Members to visit LNG facilities –Use the IFAT mechanism to implement best practices

8 EWG LNG Activities Potential for Gas as a Clean Energy Source in Developing Economies: Cross-border Gas Project LNG Data Links APERC Natural Gas Market Reform in the APEC Region APERC Demand and Supply Outlook 2002