[Federal Register Volume 64, Number 181 (Monday, September 20, 1999)]
[Notices]
[Pages 50807-50809]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-24539]


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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 during the week of September 27, 1999 at the 
headquarters of the IEA in Paris, France in connection with a Seminar 
on IEA Oil Stock Strategy, a Disruption Simulation Exercise, and a 
meeting of the IEA's Standing Group on Emergency Questions (SEQ).

FOR FURTHER INFORMATION CONTACT: Samuel M. Bradley, Assistant General 
Counsel for International and National Security Programs, Department of 
Energy, 1000 Independence Avenue, S.W., Washington, D.C. 20585, 202-
586-6738.

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)), 
the following notice of meetings is provided:
    A meeting 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 Federation, Paris, France, commencing on September 27, 1999, at 
approximately 10 a.m.. The purpose of this notice is to permit 
attendance by representatives of U.S. company members of the IAB at:
    (1) A Seminar on IEA Oil Stock Strategy (``Stock Seminar'') 
commencing on September 27 at approximately 10 a.m. and ending on 
September 28 at approximately 12:45 p.m.;
    (2) A brief meeting of the IAB, on September 28 from approximately 
1:45 p.m. to 2 p.m., in preparation of the Simulation Exercise;
    (3) A Disruption Simulation Exercise (the ``Simulation Exercise''), 
commencing on September 28 at approximately 2 p.m. and ending on 
September 30 at approximately 12:30 p.m.;
    (4) A meeting of the IEA Standing Group on Emergency Questions 
(SEQ) on September 30 from approximately 2:30 p.m. to approximately 5 
p.m. and on October 1 from approximately 9:30 a.m. to 1 p.m.; and
    (5) A meeting of the IAB on September 30 from approximately 5 p.m. 
to 6:30 p.m.
    The Agendas for the Stock Seminar (item 1 above), the Simulation 
Exercise (item 3), and the SEQ (item 4) are under the control of the 
IEA Secretariat and the SEQ. It is expected that the following Agendas 
will be followed:

I. Seminar on IEA Oil Stock Strategy (September 27 and 28 (a.m.))

 Welcome by SEQ Chairman, and IEA Executive Director
 Presentation by Secretariat of Background Note on Global Oil 
Stock Situation and Synopsis of Replies to SEQ Questionnaire on 
Stockholding and Stockdraw
 Session 1--Stocks as a Means of Rapid Response, and Demand 
Restraint Operations
    How the Administrations and the industry would ensure quick and 
effective response to a major disruption: presentations and discussion

[[Page 50808]]

 Session 2--IEA Stock Strategies: Key Issues
    Trends and Issues in Industry Inventories, Minimum Operating Rates 
and Usable Stocks: presentations and discussion
    For What Disruption Should We Prepare?: presentations and 
discussion
    Crude Oil v Products; What is the Most Effective Weapon in an 
Emergency?: presentations and discussion
    The Governmental Control Issue: Under What Conditions Can 
Governments Ensure Drawdown? How can adequate legislation be put in 
place?: presentations and discussion
 Session 3--Experience Sharing with Non-Member Countries (NMCs) 
in Emergency Response
    How would NMCs react in a disruption? How can stockholding be 
promoted as an NMC priority?: presentations and discussions
 Chairman's Summary

II. Disruption Simulation Exercise Program--September 28 (p.m.)-
September 30 (a.m.)

Disruption--Stage 1

Plenary
 Introduction by SEQ Chairman and IEA Oil Markets & Emergency 
Preparedness Director
 Introduction of Simulation Facilitator, External Market Group, 
Internal Market Group and Steering Group
 Logistics are described by Head of Emergency Planning and 
Preparations Department (EPPD)
 Rules of the game are defined and simulation initiated
 The Stage 1 event is announced
 A brief analysis of the market impact by the Internal Market 
Group

    Participants break out into Teams; Teams will:

 Respond to specific questions on market analysis and IEA 
decision making
 Report on what action(s) if any the IEA should take at this 
point
 Submit a report to the Facilitator
Plenary
 Presentation of four team reports (more if sufficiently 
diverse)
 Reactions from the External Market Group to each team report 
presentation
 Reactions from Internal Market Group on fundamentals following 
all team reports
 Discussions on the recommendations
 Review and critique of the first day of the exercise
 Chairman's Summary of the Stage 1 Session

Disruption--Stage 2

Plenary
 Introduction by SEQ Chairman
 Simulation is initiated by Facilitator
 The Stage 2 event is announced
 A brief analysis of the market impact by the Internal Market 
Team
    Participants break out into Teams; Teams will:
 Respond to specific questions on market analysis, and IEA 
policy decisions
 Report on what action(s) the IEA should take at this point
 Submit a report to the Facilitator
Plenary
 Presentation of four team reports (more if sufficiently 
diverse)
 Reactions from the External Market Group to each team report 
presentation
 Reactions from Internal Market Group on fundamentals following 
all team reports
 Discussion and conclusions
 Chairman's Summary

Cross Sector Y2K Session

Plenary
 Background briefings: presentation covering IEA findings on 
Y2K and results of IEA member country survey
 Cross-Sectoral panel, chaired by Deputy Executive Director, 
IEA, on potential disruptions and cross-sectoral issues.
 Introduction to pre-Y2K oil market situation: Internal Market 
Group
 Logistics are described by Head of EPPD

    Participants break out into Teams; Teams will:
 Respond to specific questions
 Make pre-January 1st policy recommendations for the IEA (e.g. 
an IEA contingency plan)
Plenary
 Presentation of four team reports (more if sufficiently 
diverse)
 Reaction from the External Market Group to each presentation

Y2K Simulation Session

Plenary
 Presentation by Deputy Executive Director of pre-Y2K policy 
recommendations
 Simulation is initiated by the Facilitator
 News Flash: Y2K disruption announced
 A brief analysis of the market impact by the Internal Market 
Group
Participants Break Out Into Groups
    Review IEA policy recommendations discussed on September 29 in 
light of disruption scenario Teams will:

 Develop recommendations on an IEA response(s) to the event
 Recommend arrangements to monitor situation after January 1 
and follow-up evaluations
 Recommend process and timing of IEA decisions (e.g. October 27 
Governing Board, November 19 SEQ and December 10 Governing Board and 
possible SEQ/Governing Board meetings in early January 2000)
Plenary
 Presentation of team reports
 Reactions from the External Market Group to each team report 
presentation
 Reactions from Internal Market Group on fundamentals following 
all team reports
 Discussions and formulation of IEA policy recommendations 
(content, process and timing)
 Recommendations for monitoring situation after January 1 and 
follow-up arrangements
 Chairman's summary

III. The Standing Group On Emergency Questions--September 30 
(p.m.)-October 1 (a.m.)

1. Adoption of the Agenda
2. Approval of the Summary Record of the 95th Meeting
3. SEQ Work Program
    --The Year 2000 Work Program of the SEQ
    --The Result of the Questionnaire Survey on Program of Work 2000
4. Evaluation of Seminar on IEA Oil Stock Strategy
5. Evaluation of Disruption Simulation Exercise Stages 1 and 2
6. The Year 2000 Problems and IEA Response Plans
    --Replies to Questionnaires on Y2K Issues
    --Results of IEA 1999 Regional Seminars
    --Initial Discussion of Possible IEA Actions
7. Policy and Legislative Developments in Member Countries
    --Recent Strategic Petroleum Reserve Developments
    --Developments in other IEA Countries
8. Current IAB Activities
9. Report on Petroleum Coke Production, Trade, Use and Treatment in IEA 
Statistics by Working Group

[[Page 50809]]

10. Emergency Reserve Situation of IEA Countries
    --Emergency Reserve and Net Import Situation of IEA Countries on 1 
April 1999
    --Emergency Reserve and Net Import Situation of IEA Countries on 1 
July 1999
11. Emergency Response Issues of IEA Candidate Countries
    --Emergency Response Review of the Czech Republic
    --Emergency Reserve Situation of IEA Candidate Countries
12. Emergency Data System and Related Questions
    --Base Period Final Consumption--`` Q398-Q299
    --Monthly Oil Statistics (MOS) April 1999
    --MOS May 1999
    --MOS June 1999
13. Emergency Response Reviews of IEA Countries
    --Emergency Response Review of Germany
    --Emergency Response Review of France
    --Emergency Response Review of Turkey
    --Updated Schedule of Emergency Response Reviews
14. Emergency Reference Guide
    --Update of Emergency Contact Points
15. Other Business
    --Celebration of 25 years of SEQ work on energy security at 
November SEQ meeting

IV. The Agenda for the Brief Meeting of the IAB on September 27 
(Item 2) Is Preparation for the Simulation Exercise

V. The Agenda for the IAB Meeting on September 30 (Item 5) is

 Approval of the Record Notes of Previous IAB Meetings
 Lessons learned at the Seminar on IEA Oil Stock Strategy and 
the Disruption Simulation Exercise
 Future IAB activities in support of the SEQ Work Program for 
2000
 Succession of the IAB Chairmanship

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)), these meetings are open 
only to representatives of members of the IAB and their counsel, 
representatives of members of the SEQ, 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, or 
the IEA.

    Issued in Washington, D.C., September 15, 1999.
Mary Anne Sullivan,
General Counsel.
[FR Doc. 99-24539 Filed 9-17-99; 8:45 am]
BILLING CODE 6450-01-P