Oil

The following report represents the second, “quantitative” assessment of the impact of the Price Reporting Agencies Principles on the physical market in 2015.

This report captures the Pacific Fuel Price Monitor for the first quarter (Jan -March 2018). Reviews are based on analysis of Means of Platts Singapore(MOPS), Benchmark Saudi Aramco LPG prices(sourced from 3MCO) and Pacific Fuel Prices on an quarterly average (source from Pacific Island countries).

The report captures:

This schedule embodies a classification of goods for import and goods for export for both tariff and statistical purposes of Palau.  For the purposes of classification of all imported goods an international system has been used, designated the Harmonized System Nomenclature (hereafter referred to as the HS) published by the World Customs Organisation in Brussels. In this Schedule, the HS is fully reproduced to the (6) digit level. 3. A split in the tariff item at the seventh and/or eighth digit level represents additions and extensions at the national level.

Executive Summary:

The presentatiom by Isabel Neto, Senior Energy Specialist for World Bank (WB) abd Anothony Maxwell Principal Energy Specialist at Asian Development Bank(ADB) highlights World Bank and Asian Development Bank; Energy Sector support in the Pacific.

Presented:

- The World Bank Group

- WB Pacific Energy

- Various Energy Challenges in the Pacific

- Current WB Pacific Energy Program

- Projects under implementations (& recently closed)

- Prioroties goind forward

- Projects under discussions/Preparations

- Procurement

This report is a publication of the Pacific Power Association (PPA). The World Bank through the Sustainable Energy Industry Development Project (SEIPD) implemented by the PPA provided technical assistance and publication support.

This report captures the 2017 yearly, Pacific Fuel Price Monitor. Reviews are based on analysis of Means of Platts Singapore(MOPS), Benchmark Saudi Aramco LPG prices(sourced from 3MCO) and Pacific Fuel Prices on an annual average (source from Pacific Island countries)

This report is an effort to capture what has been carried out under the ‘Implementation Plan of the Framework for Action on Energy Security in the Pacific 2011–2015’. It is an attempt to improve the accountability and transparency of the work of the implementation partners, in highlighting what has been carried out, what were their outputs and what impacts they made.

Keywords - FAESP implementation plan progress report 2015

The report provides a detailed summary of FEA’s performance in accordance with Section 25 of the Electricity Act Cap 180.

FEA recorded a profit after tax of $39.7M in 2015 which turned around the performance of 2014 where it recorded a profit after tax of $0.9M despite the El-nino weather pattern of a prolonged spell of dry weather continuing in 2015. For the first time in FEA’s history the El-nino weather pattern significantly affected FEA’s operations for two consecutive years. The profit recorded by FEA in 2015 was attributed mainly due to:

There have been no comprehensive energy vulnerability assessments conducted for any of the Pacific islands in the nineties, whether under US. flag or independent nation. In fact, there have been only a handful of comprehensive analyses of the energy sector in the Pacific islands. The East-West Center in conjunction with the United Nations (UNDP and ESCAP), the Australian National University and the Forum Secretariat produced the Energy Mission Report series which covered the independent island nations in 1982 USDOE published the Tm'fotial Energy Assessment: Final Report in December 1982.