There is little debate over the extent of the natural resource potential that lies below ground in Venezuela. And the country’s outsized influence on global energy geopolitics has been the source of countless research papers and analysis. But what is increasingly open for discussion is what the future — near-term and long-term — holds for Venezuela’s oil outlook and the country’s energy sector and economy more broadly.
Join us for a webinar discussion with Raul Gallegos on the future of the Venezuelan oil sector and how one of the world’s foremost oil economies manages its economic duress and what is best described as an advanced stage of institutional destruction. Raul Gallegos is a Senior Analyst, Andean Region, Global Risk Analysis at the advisory firm Control Risks and is author of the book Crude Nation: How Oil Riches Ruined Venezuela
The webinar will be held Friday, March 17 at 12:00pm San Diego (4pm Caracas; GMT/UTC – 8 hours). Gallegos’ formal presentation will be followed by a Q&A session with the audience.
Mexico’s natural gas market is expected to undergo a profound change through 2017. Of late, the country has seen massive investments in pipeline infrastructure and imports from the United States have boomed, while the power sector increasingly drives demand. Against this backdrop, Mexico’s energy regulators continue to work on the final stages of the market liberalization process in preparation for the launch of a new, deregulated system open to private participation early next year.
Join us for a webinar presentation led by James Fowler, editor of the ICIS Mexico energy report. He will provide an overview of the final stages of this market development process, as well as an analysis of what to expect from the early stages of the market and its operation. The webinar will be held Thursday, September 29 at 11:00am San Diego (1:00 pm Mexico City; GMT/UTC – 8 hours). Fowler’s formal presentation will be followed by a live Q&A session with the audience.
Over the last year, Chile’s energy sector has received a great deal of attention as part of the highly competitive renewable energy wave sweeping Latin America, with booming investment, record-setting prices at auction, all the while ramping up the corresponding policy debates and next steps.
In March, President Sebastian Piñera took office after arguing emphatically during the presidential campaign for an even more ambitious strategy in Chile for incorporation of renewables and many of the other elements of the energy transformation underway across the globe. In order to align the policy objectives and create a coherent strategy to confront the challenges Chile faces in the energy sector for his term, the Piñera government has created an energy policy roadmap for the next four years known as the “Ruta Energética.”
The “Ruta Energética”
It seeks to engage all of Chile’s citizens on an inclusive sustainable energy strategy and thus at the core of the approach, and what the administration is calling the motto, is “citizen energy.”
Indeed, the Ruta is being developed through a regionally decentralized participatory process, with a multidimensional approach to the needs and concerns related to energy by citizens. Again, emphasizing the effort to more fully engage all of its citizens on questions of energy, the Ruta will advance an agenda that helps to bring energy closer to citizens and that has as focus to improve the quality of life of people; generate networks of work with the actors of the sector, the regions and the communities and achieve the greatest possible consensus. Specifically, the Ruta will address challenges by way of crafting new legislation and modifying existing laws and regulations. For example, modification of the Electrical Distribution Law, the promotion of self-generation; electro-mobility and its accelerated penetration, and citizen participation around energy projects.
Join us for a webinar presentation led by Javier Bustos Salvagno, Head of Division for Energy Policy and Outlook at the Ministry of Energy in Chile. He will provide an overview of the Ruta Energética, its objectives, key pillars, and current policy and legislative developments.
The webinar will be held Thursday, July 19 at 9:00am San Diego (12:00 pm Santiago; GMT/UTC – 8 hours). Bustos’s formal presentation will be followed by a live Q&A session with the audience.
To date, no one appears to have ever attempted to assemble a quantitative analysis of the number of diagnostics and policy prescriptions that have been written for the Mexican energy sector, or the oil industry and Pemex more precisely. All the same, the amount of ink spilled and breath dedicated to the subject has been immense. Countless bottles of tequila have been consumed as fiery debates raged over the best path forward for Mexico’s national patrimony (oil) and national icon (Pemex). Anyone who has worked in or followed the Mexican oil sector over the past two or three decades surely has been privy to conversations and debates over what ails the country and how to solve it. The Politics of Oil in Mexico: Consolidating the Reforms
The story of Mexico’s paradigm shift in energy policy is nothing short of extraordinary. The breadth and depth of the reform, the dramatic break with the past, and the positive long-term impact on Mexico’s economy are of course remarkable, but the story of the political process is also worthy of recognition.