September 2019

September 2019

Welcome to the September edition of Energy Panorama. We began the month in Madrid with our partners IPD Latin America for the inaugural Madrid Energy Conference. We were pleased to count on the participation of Spain’s Secretary of Energy, Jose Dominguez Abascal and senior executives and government officials from across Europe and Latin America. Be sure to check out our first short report based upon discussions at the conference, Global Energy Transition Demands Cooperation, not Competition; Oil and Gas Companies Must Lead the Way.  We will be publishing several other similar reports in the coming weeks.

With the launch of the Madrid Energy Conference we have created a new platform and venue for discussion of the issues at the core of the Europe-Latin America energy nexus. Mark your calendar to join us on September 16-18, 2020 for the second annual Madrid Energy Conference.

We are also pleased to publish two important reports focused on lithium in collaboration with the Payne Institute  at the Colorado School of Mines. Authored by La Jolla Conference speaker and lithium expert Emily Hersh, the reports are a continuation of our work on the issues surrounding lithium developments in Latin America and the battery and energy storage market as part of our Energy Transition Initiative. 

The first report, Latin America’s Diverse Lithium Opportunity and a Sustainable Energy Future, offers an important assessment of the state of the lithium market in Latin America, and what needs to take place in terms of policy for further development.

The second report, The Lithium in a Battery, focuses on the critical aspects of lithium as a battery input and clarifies the true role of lithium in the battery market.

Our webinar series in September featured further discussion of Mexico and the natural gas market under AMLO with analyst Emily Medina.

Our webinar series next month turns to Argentina and discussion with YPF on their energy transition strategies and investment plans.

We are off to Bogota on October 29-30 for our Oil & Gas Roundtable and two private sessions focused on social license to operate issues and energy transition. We look forward to seeing you there.

Latest Reports

Latin America’s Diverse Lithium Opportunity and a Sustainable Energy Future

The Lithium in a Battery

Opinion & Analysis

Global Energy Transition Demands Cooperation, not Competition; Oil and Gas Companies Must Lead the Way

Chris Sladen Energy Matters ANZMEX Vol 8

Webinars

Webinar: Mexico’s Natural Gas Prospects Under AMLO

In the News

More Private Investment Said Needed for Mexico to Meet Natural Gas Goals, Reduce Imports

Chris Sladen Energy Matters ANZMEX Vol 8

Summer Edition

Summer Edition

Welcome to the Summer edition of Energy Panorama. We’ve rolled July and August into one. We are pleased to share this month’s featured report derived from our Ecuador Energy Roundtable. We would like to also reiterate our gratitude to Minister of Energy Carlos Perez and his entire team for their support and participation at the Roundtable at the end of July.

As August flies by, we are busy finalizing plans together with our partners IPD Latin America for the inaugural Madrid Energy Conference set for Sep 4-6.

Spain’s Secretary of Energy, Jose Dominguez Abascal, will offer the opening keynote address followed by a series of high-level panels contemplating the Europe-Latin America energy nexus against the backdrop of the global energy transformation. We look forward to seeing you at this important new addition to the Institute of the Americas program and activity calendar.

We hosted two webinars in recent weeks, the first an update and discussion with Mexico’s ASEA Director Luis Vera on methane emissions reduction regulations. We were also pleased to host the General Counsel of OPEC, Leonardo Sempertegui. He shared his organization’s views and insights on the global energy transition. Leonardo Sempertegui will also be a featured speaker at the Madrid Energy Conference.

We have been closely following Argentina and contributed a commentary for the Inter-American Dialogue’s Energy Advisor on elections and energy policy.

Energy Transition Initiative Director Cecilia Aguillon spent time in El Salvador briefing new energy policy makers and sharing regional renewable energy lessons learned at a conference in San Salvador. Energy Policy Associate Jacqueline Sanchez continued her work on issues related to women in energy and recounted her participation and experience at a DOE and APEC energy forum and training session in Singapore. She also heads to Mexico City to participate in women in energy discussions this month.

We look forward to seeing you on Sep 4-6 in Madrid, Spain.


Report

Ecuador Energy Roundtable – Summary Report (Spanish)

Opinion & Analysis

Will Election Results in Argentina Upend its Energy Policy?

IOA Briefs New Energy Policy Makers in El Salvador and Shares Regional Renewables Insights at Conference

Empowering Women as Managers in the Renewable Energy Sector

Chris Sladen Energy Matters ANZMEX Vol 7

Chris Sladen Energy Matters ANZMEX Vol 6

Webinars

OPEC and the Global Energy Transition

Managing Methane Emissions in Mexico – Lessons from the Development and Implementation of Regulations for the Country’s Oil and Gas sector

In the News

Mexico Set to Enforce Methane Rules Across Natural Gas Value Chain

Hoy tendrá lugar la licitación de proyectos renovables en Ecuador

 


June 2019

June 2019

Welcome to the June edition of Energy Panorama. We are pleased to share this month’s featured report, the summary and panel notes from the XXVIII La Jolla Energy Conference, as well as video highlights and sideline interviews.

As the summary reflects, the conference this year again contemplated the elements comprising the transformation rippling across the global energy sector. Conference discussions explored many of the angles, players, and implications associated with the global energy transition trends and developments, but also what is driving investment in the sector and where it is coming from.

Several discussions included a view over the horizon for issues and developments that will shape the Latin American energy sector of tomorrow. This was particularly true with a lively opening workshop focused on lithium and the so-called Lithium Triangle in Argentina, Chile and Bolivia.

Panels and breakout sessions delved into myriad segments of the energy sector such as cyber security, transparency and corruption, natural gas and renewables, roof top vs. utility scale energy resources, grid flexibility, regional integration, among others. There was also ample time and robust discussion focused on key country-specific developments in the region including Colombia, Mexico, Argentina and Venezuela.

Our podcast series this month assessed the importance of Argentina’s historic first LNG export cargo and Energy Transition Initiative Director Cecilia Aguillon contributed commentary on digital technology in Latin America’s power sector for the Inter-American Dialogue’s Energy Advisor.

We look forward to our collaboration with the Ministry of Energy and Non Renewable Natural Resources in Ecuador for our Energy Roundtable set for July 25 in Quito, as well as our partnership with IPD Latin America for the inaugural Madrid Energy Conference set for Sep 4-6 in Madrid, Spain.


Latest Reports

XXVIII La Jolla Energy Conference – Summary Report

La Jolla Conference Videos

Venezuela Panel – Part 1, Part 2, Part 3, Part 4

Brazil Panel – Part 1, Part 2

XXVIII La Jolla Conference Highlight Video

Interview with Jose Luis Manzano, Chairman of Integra Capital

Interview with Kevin Ramnarine, former Minister of Energy of Trinidad & Tobago

Interview with Jose Antonio Cepeda, Adviser to the Minister of Energy and Non Renewable Natural Resources of Ecuador and Ecuador’s Representative to OPEC

Interview with Timothy Stephure, Director, Latin America Gas & Power, IHS Markit

Opinion & Analysis

How Will Digital Technologies Boost the Power Sector?

Podcast

Why Argentina’s First LNG Export Matters

In the News

Mexico wants to review natural gas pipeline project involving Sempra Energy subsidiary

California operator of electricity grid fends off millions of cyberattacks each month

Will you be dependent forever on the other guys?


May 2019

May 2019

On May 22-23 we hosted the XXVIII annual La Jolla Energy Conference. For readers of Panorama, it goes without saying that the month of May at the Institute of the Americas is synonymous with our annual La Jolla Energy Conference.

We continued with our restructured agenda this year and efforts aimed at greater audience participation and discussion, as well as a “deeper dive” on some of the most critical elements that cut across the entire energy sector. Issues such as lithium, safety in the energy sector, transparency and corruption, renewables and natural gas, cyber security, distributed generation, the costs of energy transition, how much oil for how long and a host of country-specific debates including Argentina, Mexico, Brazil, Colombia and Venezuela. Our traditional nightcap roundtable saw the largest turnout ever for a robust debate of what comes next in Venezuela, with an emphasis on the political and electoral outlook. But it wasn’t all work, and despite uncooperative weather, we enjoyed the marvelous views and outdoor ambiance that marks networking and sidebar discussions at the La Jolla Conference. We even squeezed in a teambuilding hike at Torrey Pines Reserve.

On the content side, the conference discussions reflected the immense amount of change across Latin America and what may be best termed an uncertainty rippling across the region and the energy sector. Indeed, the massive transformation coursing across the global energy sector continues to demand attention by policymakers, regulators, investors as does the broader macroeconomic outlook for several key markets.

We are admittedly partial but we feel this year’s discussions again served to foster high-level public-private dialogue on the future of the hemisphere’s energy sector. The La Jolla Conference remains the linchpin for the Institute of the Americas objective of serving as an honest broker of policy and investment debates surrounding the hemisphere’s most critical energy and sustainability issues.

Stay tuned for our La Jolla Conference report for further details. In the meantime, check out our sideline interviews with panelists and speakers, as well as the articles and stories derived from discussions at the La Jolla Conference.

This month’s webinar series featured a continuation of our discussion and analysis of lithium and a presentation aimed a demystifying the so-called Lithium Triangle and developments in the broader lithium market. Additionally, we were pleased to host a presentation of OLADE’s Energy Panorama and Outlook 2018 as part of our webinar series.

Finally, we are delighted to include Part 2 of the reports based upon our Argentina Energy Roundtable – Huge Energy Potential, Big Challenges.


Latest Reports

Argentina Energy Roundtable 2019: Huge Energy Potential, Big Challenges – Part 2

La Jolla Conference Videos

Interview with Jose Luis Manzano, Chairman of Integra Capital

Interview with Kevin Ramnarine, former Minister of Energy of Trinidad & Tobago

Interview with Jose Antonio Cepeda, Adviser to the Minister of Energy and Non Renewable Natural Resources of Ecuador and Ecuador’s Representative to OPEC

Interview with Timothy Stephure, Director, Latin America Gas & Power, IHS Markit

La Jolla Conference in the News

La Oxy, operador de Caño Limón, se crece con exploración en el mar

Más de diez razones que llevarían el petróleo a 80 dólares

Pemex produjo y exportó menos en abril

El neuquino clave para una petrolera en Colombia

“El futuro de Vaca Muerta está en el mercado global de GNL”

“Para las renovables es difícil competir con el precio bajo del gas”

Manzano y Vaca Muerta: “En Neuquén la estabilidad política e institucional fueron clave”

OAS ready to lend electoral support to Guyana – official

Christopher Spaulding: “Veo a la Argentina entrando en el mercado global del gas licuado”

El exministro menemista José Luis Manzano quiere sumarse al boom del litio

Vaca Muerta: preservar el ambiente es vital para ser sustentables

En San Diego ven las posibilidades del litio en la región

Strong civil society key to EITI success

Opinion & Analysis

ENERGY MATTERS © vol. 5 – ANZMEX editorial by IOA Board Member Chris Sladen

Will Bolsonaro’s Government Meddle in Petrobras Affairs?

Podcasts

XXVIII La Jolla Conference Curtain Raiser

Webinars

Lithium in Focus: What exactly is it, why does South America have so much of it and how should it be developed?

Panorama Energético de América Latina y el Caribe 2018

 

April 2019

April 2019

Welcome to the April edition of Energy Panorama and our countdown to the XXVIII La Jolla Conference on May 22-23.

We are pleased to feature reports based upon discussions at our Mexico and Argentina Roundtables in February and March.

The Argentina report is part one from our two-day event and focuses on the challenges that companies face in developing Vaca Muerta, one of the world’s biggest shale plays and the first to come into large-scale production outside North America. Indeed, the resources are so vast that the production growth has turned around more than a decade of dwindling oil and natural gas output, and led to bright forecasts. But as the discussions at the roundtable underscored and are encapsulated in our report, Argentina’s notorious economic and financial volatility have stunted growth for decades. And the country is hurtling toward a presidential election in October.

Our discussions in Mexico and subsequent Roundtable report focused on an assessment of the Lopez Obrador government’s vision and outlook for energy self-sufficiency and the role for oil & gas and electricity. The Roundtable was timed to coincide with 100-day mark for the government, a useful marker to take stock of the policy proposals and implementation strategies of the new administration.

Given the timing of the event, a great deal of attention was placed on the government’s effort aimed at reducing theft and illegal taps, the so-called huachicoleo. Secretary of Safety and Citizen Security Alfonso Durazo offered closing keynote remarks and an update on the gains the government had made to address the issue of theft and losses.

Discussions also focused on a critical challenge facing the new government: recovering Mexico’s declining oil production as well as how to manage the dramatic transformation of the electric sector and cost-competitive marketplace that each day is incorporating more megawatts of clean power.

Indeed, one of the most important outcomes was the discussion of how to advance expansion of the electric sector and a possible mechanism for long term power auctions under the current market rules. Our non-resident fellow, Leonardo Beltran, synthesized the idea into an op-ed published in Reforma; the link can be found below.

As the calendar turns to May be sure to make plans to join us in La Jolla for the XXVIII La Jolla Conference on May 22-23. But make sure you arrive the afternoon of May 21st to take full advantage of the activities we have organized. And don’t forget to leave your ties at home!


Latest Reports

Argentina Energy Roundtable 2019: Huge Energy Potential, Big Challenges – Part I

Mesa Redonda sobre Energía en México 2019 – Informe

Podcast

XXVIII La Jolla Conference Curtain Raiser

Analysis

Impulsando la competitividad eléctrica

ENERGY MATTERS © vol. 4 – ANZMEX editorial by IOA Board Member Chris Sladen

ENERGY MATTERS © vol. 3 – ANZMEX editorial by IOA Board Member Chris Sladen

In the News

Aprovechan desdén petrolero de México

Adelantan a México en hidrocarburos

Colombia Inks Offshore Oil Deals with Ecopetrol, Repsol, ExxonMobil

JEMSE fue parte de la Mesa Redonda del Instituto de las Américas

March 2019

March 2019

Welcome to the March edition of Energy Panorama. We spent the last week of the month in Buenos Aires for our two-day Roundtable.

Our Roundtable featured keynote remarks from Secretary of Energy Gustavo Lopetegui (see presentation below), participation by Deputy Assistant Secretary Elizabeth Urbanas from the US Department of Energy, the president of state energy firm YPF, the chairmen of Argentina’s national electricity and natural gas regulators and several other private sector representatives and government officials.

Across two days and several high level panels there was intense discussion of oil and gas issues as well as the emerging role for the lithium market and the broader contours of how the global energy transition is unfolding in Argentina. A unique lunch panel featured a debate with renowned political analysts and their insights on the intersection of energy and politics as the country heads into a presidential election this October.

Not surprisingly, much of the discussion centered on the ongoing structural adjustments and reforms enacted by the Macri administration, particularly those aimed at subsidies and fiscal incentives both in terms of consumers but also energy producers.

Vaca Muerta and the country’s success in developing the massive unconventional resource potential was also heavily debated. Though important gains have been made to reduce logistical and operation costs, continued focus on efficiency measures and creating a more competitive ecosystem is a must, panelists underscored. There is no doubt that further efforts are required to boost the amount and capabilities of service and equipment providers, but also to greatly increase the number of operators in the country’s oil and gas sector.

Furthermore, how to create sufficient infrastructure to “move the molecules” remains a key piece to the challenge. Gains have been made utilizing long-inactive pipelines and infrastructure and reopening natural gas exchanges with Chile and Brazil in the short to medium term makes eminent good sense.

A majority of panelists agreed that the key to fully monetizing Vaca Muerta’s potential was to fully plug Argentina into the global liquefied natural gas (LNG) market. To do so will require all segments of the country’s energy sector to participate in the strategic development of the resource – the government, YPF, private sector participants, regulators and civil society. The technology, geography and volumes, not to mention contractual arrangements, are but a few of the elements that will require attention and crucial decisions in the coming months and years. Further, one panelist argued that political consensus and a law supported across party lines stipulating and protecting investment in such a major infrastructure project is needed to reduce the so-called country risk component.

Beyond the fiscal impacts debated, Argentina’s energy sector is also undergoing a broader transformation and disruption brought about by global trends. Indeed, the policy efforts aimed at increasing renewable energy deployment through the government’s RenovAr program was discussed. Panelists agreed that the effort to date had been important but a thorough cost benefit analysis was required in order to best consolidate and determine the gains and to continue forward momentum. Moreover, a new distributed generation law passed last year is being developed for implementation. Benchmarking against international examples from California to Germany to Chile were discussed during the Roundtable.

And, of course, the role that mobility and electric vehicles are playing in the discussion of energy and emissions reduction is an increasing topic for debate in Argentina. Programs and goals set by the City of Buenos Aires, but also efforts made at the provincial level, have led to an uptick over the last year or so in options for citizens to utilize electric transportation, both mass transit and individual vehicles.

Finally, the topic of lithium featured an illuminating discussion of the potential for Argentina to position itself as a global player. However, the market is still quite small, prices are volatile and the number of projects that exist solely on paper far exceeds the reality that global headlines portray for lithium. But as several panelists argued, therein is the opportunity for oil and gas companies to bring to bear financing and operational insights to the sector and perhaps facilitate some of the dormant projects and boost the development of Argentina’s lithium market.

p>March also featured participation in a panel at the Mexico Institute at the Wilson Center in Washington, DC focused on energy under the AMLO administration and our analysis and commentary on the question of distributed generation in Argentina as well as part of our podcast series.


Argentina Energy Roundtable

Secretary of Energy Gustavo Lopetegui’s Presentation

Videos

Litio en Jujuy

The Outlook for Mexico’s Energy Sector under the AMLO Administration

Podcast

Argentina´s Distributed Generation Market: The Devil is in the Details

Analysis

Argentina´s Distributed Generation Market: The Devil is in the Details

In the News

Quién se inmola por la Argentina

Country Focus: Industry sees USMCA as chance to prod Mexico into comprehensive chemical management

Pobreza Energética, posibilidad real de combatirla en México


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