JODI Inter-Secretariat meeting - December 2024

Strong Joint Engagement on Energy Market Transparency

The IEF chaired the 2024 Inter-Secretariat Meeting among JODI partner organizations including APEC, EUROSTAT, GECF, IEA, IEF, OPEC, and UNSD on 5 December 2024 in a virtual setting.

The JODI Inter-Secretariat Meeting reviewed the key data-related activities and events held by the JODI partners since the last Inter-Secretariat meeting that took place in 2023.

During the meeting, the JODI partners assessed the countries’ participation in JODI-Oil and JODI-Gas during the last five years and reviewed the punctuality and completeness of monthly submitted data. JODI partners discussed possibilities on how to improve them. The IEF reemphasized the importance of energy data transparency to inform energy dialogues and strengthen energy security, market stability and just and inclusive transitions by enabling better policy and investment decisions.

The JODI partners reiterated their determination and engagement to cooperate in the JODI initiative while considering developments in the energy markets and data transparency, including market shifts and digital technological progress and their impact on energy data transparency and the underlying data measurement, reporting and verification processes.

The meeting planned actions for 2025 and agreed on ways forward to enhance data transparency within the JODI framework. Hosting regional in-person events will be useful to deepen understanding of relevant trends and build capacity among data agencies and networks on which the JODI platform relies. The JODI Inter-Secretariat Meeting also agreed to meet more regularly to monitor and reinforce the availability of official energy data, a key element for energy market security, market stability, and orderly and just transitions and unique official energy market data transparency benchmark for diverse secondary sources.