[Federal Register Volume 76, Number 50 (Tuesday, March 15, 2011)]
[Notices]
[Pages 14003-14004]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-5785]


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DEPARTMENT OF ENERGY


International Energy Agency Meetings

AGENCY: Department of Energy.

ACTION: Notice of meetings.

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SUMMARY: The Industry Advisory Board (IAB) to the International Energy 
Agency (IEA) will meet on March 22, 2011, at the headquarters of the 
IEA in Paris, France, in connection with a joint meeting of the IEA's 
Standing Group on Emergency Questions (SEQ) and the IEA's Standing 
Group on the Oil Market (SOM) on March 22; and on March 23 and March 24 
in connection with a meeting of the SEQ on March 23 and March 24.

DATES: March 22-24, 2011.

ADDRESSES: 9, rue de la F[eacute]d[eacute]ration, Paris, France.

FOR FURTHER INFORMATION CONTACT: Diana D. Clark, Assistant General for 
International and National Security Programs, Department of Energy, 
1000 Independence Avenue, SW., Washington, DC 20585, 202-586-3417.

SUPPLEMENTARY INFORMATION: In accordance with section 252(c)(1)(A)(i) 
of the Energy Policy and Conservation Act (42 U.S.C. 6272(c)(1)(A)(i)) 
(EPCA), the following notice of meeting is provided:
    Meetings of the Industry Advisory Board (IAB) to the International 
Energy Agency (IEA) will be held at the headquarters of the IEA, 9, rue 
de la F[eacute]d[eacute]ration, Paris, France, on March 22, 2011, 
beginning at 9 a.m.; and on March 23 commencing at 9:30 a.m., and 
continuing on March 24, 2011, at 9:30 a.m. The purpose of this notice 
is to permit attendance by representatives of U.S. company members of 
the IAB at a joint meeting of the IEA's Standing Group on Emergency 
Questions (SEQ) and the IEA's Standing Group on the Oil Market (SOM) on 
March 22, which is scheduled to be held at the headquarters of the IEA 
commencing at 9 a.m.; and at a meeting of the SEQ on March 23, 
commencing at 9:30 a.m. and continuing on March 24, 2011, at 9:30 a.m.. 
The IAB will also hold a preparatory meeting among company 
representatives at the same location at 8:30 a.m. on March 23. The 
agenda for this preparatory meeting is to review the agenda for the SEQ 
meeting, to be held on March 23-24.
    The agenda of the joint SEQ/SOM meeting on March 22 is under the 
control of the SEQ and the SOM. It is expected that the SEQ and the SOM 
will adopt the following agenda:
 1. Adoption of the Agenda
 2. Approval of the Summary Record of the November 2010 Joint Session
 3. Reports on Recent Oil Market and Policy Developments in IEA 
Countries
 4. The Program of Work
    --Priority Setting Exercise 2013-2014
 5. The Current Oil Market Situation
 6. Update on the Gas Market
 7. Reports on Recent IEA-IEF-OPEC Cooperation
    --Workshop: How the Physical and Financial Markets for Energy 
Interact (London, November 2010)
    --Forum: Energy Market Regulation (London, November 2010)
    --Symposium on Energy Outlooks (Riyadh, January 2011)
 8. India's Refining Industry: Towards a Regional Export Hub?
 9. Workshop Scene Setter
    --Commodity Derivatives Market and Recent Regulatory Trends
10. Other Business
    --Tentative Schedule of Next Meetings for 2011:
    --June 28: Joint SEQ/SOM Meeting on the Medium Term Oil and Gas 
Markets Review
    --June 29-30: 133rd Meeting of the SEQ
    --November 15-17: SOM and SEQ Meetings
11. Workshop: The Changing Structure of Energy Markets

[[Page 14004]]

    --Session 1: The Impact of Financial Market Participants on Energy 
Futures Markets
    1. How do the investment strategies of financial market 
participants affect the structure and functioning of energy futures 
markets?
    2. How can we explain co-movement between commodities and other 
asset classes?
    3. How can we explain recent price volatility in oil markets--what 
data would help reduce uncertainty?
    4. How can we explain the changing relationship between financial 
and physical oil markets?
    --Session 2: The Impact of New Regulations on Energy Markets
    1. What impact will new regulations have on the structure and 
functioning of the futures market?
    2. Does more regulation mean more efficiency?
    3. Will a shift to more exchange-traded contracts affect overall 
market operation?
    4. What are the shortcomings of the current and proposed regulatory 
frameworks?
    5. What are the effects of new regulations on end-users in terms of 
hedging and financing?
    The agenda of the SEQ meeting on March 23 is under the control of 
the SEQ. It is expected that the SEQ will adopt the following agenda:

 1. Adoption of the Agenda
 2. Approval of the Summary Record of the 131st Meeting
 3. Status of Compliance with IEP Stockholding Commitments
 4. Emergency Response Review Program
    --Schedule of Emergency Response Reviews
    --Proposal for Mid-term Reviews
    --Emergency Response Review of Poland
    --Emergency Response of Spain
    --Emergency Response of the Slovak Republic
    --Questionnaire Response of Australia
    --Questionnaire Response of Korea
    --Questionnaire Response of Chile
 5. Emergency Policy for Natural Gas
    --Main Findings on the Questionnaire on Gas Security
 6. Emergency Response Exercises
    --Evaluation of ERE5
 7. Cooperation with Non-Member Countries During Oil Supply Disruptions
    --Approval Written Procedure Draft Governing Board Document
    --Report on Discussion at Governing Board February 24, 2011
 8. Emergency Response Measures
    --Authorization of Budget for Emergency Response Actions
 9. Energy Security Model
    --Presentation of Draft Model
 10. Policy and Other Developments in Member Countries
    --Italy
    --Sweden
    --United Kingdom
    --United States
 11. Report from the Industry Advisory Board
 12. Activities with International Organizations and Non-Member 
Countries
    --APEC/ASEAN Emergency Response Exercise
    --Thailand: Emergency Response Assessment
    --Report on Workshops in China
    --Chile
    --Indonesia
    --India
 13. Documents for Information
    --Emergency Reserve Situation of IEA Member Countries on January 1, 
2011
    --Base Period Final Consumption: 1Q 2010-4Q 2010
    --Updated Emergency Contacts List
 13. Other Business
    --Tentative Schedule of Next Meetings for 2011:
    --June 28: Joint SEQ/SOM Meeting on the Medium Term Oil and Gas 
Markets Review
    --June 29-30: 133rd Meeting of the SEQ
    --November 15-17: SOM and SEQ Meetings

    As provided in section 252(c)(1)(A)(ii) of the Energy Policy and 
Conservation Act (42 U.S.C. 6272(c)(1)(A)(ii)), the meetings of the IAB 
are open to representatives of members of the IAB and their counsel; 
representatives of members of the IEA's Standing Group on Emergency 
Questions and the IEA's Standing Group on the Oil Markets; 
representatives of the Departments of Energy, Justice, and State, the 
Federal Trade Commission, the General Accounting Office, Committees of 
Congress, the IEA, and the European Commission; and invitees of the 
IAB, the SEQ, the SOM, or the IEA.

    Issued in Washington, DC, March 7, 2011.
Diana D. Clark,
Assistant General Counsel for International and National Security 
Programs.
[FR Doc. 2011-5785 Filed 3-14-11; 8:45 am]
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