March 2021

March 2021

Previous Panorama


Welcome to the March edition of Energy Panorama

This month we published our latest Policy Brief “Charting a New Path for Latin America’s Electric Utilities after COVID” by our Non-Resident Fellow, Andres Chambouleyron. Chris Sladen, our newest Energy & Sustainability Non-Resident Fellow, contributed the Global Context for the Policy Brief.

Together with our Steering Committee member Sproule and Non-Resident Fellow Marta Jara, we hosted “Latin America’s 2021 Energy Outlook – Resilience and Reset.” The webinar explored key trends and M&A activity, offered insights into key developments this year and how COVID recovery and the energy transition is affecting investment patterns in the region. The presentation and recording are available below.

Our focus on hydrogen policy development was featured as part of our joint event, “Green Hydrogen in Chile,” with the Baker Institute and University of Antofagasta. The public session counted a keynote presentation by Energy & Mines Minister Juan Carlos Jobet and Max Correa, Director of Fuels and New Energy at the Ministry and the principal for implementing Chile’s ambitious strategy.

With our Steering Committee members we hosted further strategic discussions of hydrogen as a building block across the region. We are developing a high-level assessment and landscape exercise that will form the basis for a series of infographics.

Energy Transition Initiative Director, Cecilia Aguillon, shared her insights on green hydrogen in Brazil as part of commentary in the Dialogue’s Energy Advisor. Cecilia also participated in the RENPOWER Caribbean Conference and discussed market design to support new renewable energy projects in the Caribbean.

Our focus on the evolving energy and climate policy debate in Mexico continued and Vice President Jeremy Martin was featured in several articles.

Our monthly virtual meeting with our Non-Resident Fellows focused on next steps for our year-long research project on energy transition and workforce development.

We also formally launched the La Jolla Conference 30th anniversary website and draft program. We look forward to having you join us in May to celebrate our milestone.

Featured Report

Charting a New Path for Latin America’s Electric Utilities after COVID


Latin America’s 2021 Energy Outlook – Resilience and Reset

Green Hydrogen in Chile

Opinion & Analysis

Can Brazil Become a Leading Hub for Green Hydrogen?

In the News

Mexico’s Pemex discovers 1.2 billion boe complex in Tabasco region: CEO
Circular economy and green technology dominate TRENDS Research & Advisory symposium on energy and sustainability
Mexico’s president looks to upend energy reform measuresMexico Set to Reshape Power Sector to Favor the State

March 2021

February 2021

Previous Panorama

Energy Panorama February 2021

This month we published our report “China Stakes Its Claim in Latin American Energy: What It Means for the Region, the U.S. and Beijing” in English, Spanish and Portuguese. We formally launched the report with a webinar co-hosted by University of California TV. The complete presentation and video is available below.

The final report was the product of a lengthy research project that counted support from a number of researchers, authors, editors and outside reviewers. Please do check out the report and our recognition page to see all those involved.

We are also pleased to announce Chris Sladen as our newest Energy & Sustainability Non-Resident Fellow.

Chris is transitioning to our roster of fellows after more than seven years as a member of the Institute of the Americas Board of Directors. Many of you know Chris from his tenure as President of BP Mexico. In his new role as an IOA fellow, he will focus on low-carbon and zero carbon polices and energy transition technologies. Each month, Chris delivers his latest insights in the op-ed “Energy Matters.” Volume 30 is included in this newsletter.

Reflecting on the energy crises in North America, our fellow Marta Jara penned a thought-provoking op-ed: “Energy Crisis: Tribal Behavior or Quality Decisions Based on Conscious Trade-Offs?”

We continue to burnish the efforts of our Energy Transition Initiative. ETI’s Director Cecilia Aguillon discussed how the lessons learned from California’s renewable energy legal and regulatory environment can inform the discourse in Latin America.

Our focus on the evolving energy and climate policy debate in Mexico continued and we contributed insights across several interviews by our fellow Leonardo Beltran and Vice President Jeremy Martin. We also participated as co-authors of the Energy & Sustainability Chapter of the US-Mexico Forum 2025 report, a UC San Diego-led effort to provide the Biden and Lopez Obrador administrations with policy recommendations.

Our Steering Committee met and had a robust discussion of hydrogen as a building block. We will continue to analyze the role for hydrogen in the region, how to inform and shape the policy debate and where to focus research and programming.

Stay tuned in March for the launch of our La Jolla Conference 30th anniversary website and draft program.

Featured Report (English, Español, Português)

China Stakes Its Claim in Latin American Energy: What It Means for the Region, the U.S. and Beijing


Report Launch Event: China Stakes its Claim in Latin American Energy: What it Means for the Region, the U.S., and Beijing

Opinion & Analysis

Energy Crisis: Tribal Behavior or Quality Decisions Based on Conscious Trade-Offs?

La mejor forma de fortalecer a CFE no es aislándola, sino permitiéndole competir y asociarse

Chris Sladen ANZMEX Energy Matters Vol 30

U.S.-Mexico Forum 2025 – Energy & Sustainability Chapter

In the News

Pide EU a MĂ©xico abrir la inversiĂłn en energĂ­a

Experiencia californiana aplicable a políticas energéticas de región: subastas, descentralización, incentivos y transparencia

Panamá: ¿un país atractivo para las inversiones en energía?

China y EE.UU.: la pugna por ganar presencia en América Latina

Mexico was once a climate leader – now it’s betting big on coal

China destinó $58,4 mil millones para el sector energético latinoamericano en las últimas dos décadas

Mexican electricity reform set to raise trade tensions with US

March 2021

January 2021

Energy Panorama January 2021

Welcome to the first installment of Energy Panorama for 2021.

To kick off the new year, our Non-Resident Fellows prepared short essays assessing the key trends and issues across the hemisphere. Their perspectives are compiled in this month’s featured report: Western Hemisphere 2021 Energy Landscape and Outlook.

On January 15, we dove right into programming and hosted our Ecuador Virtual Energy Roundtable. We reiterate our gratitude to Minister of Energy Rene Ortiz and his entire team for their collaboration and participation in our discussions of the investment climate, upcoming election cycle, priority projects and efforts to consolidate the gains of the current administration in the energy sector. The ministry’s summary, our synopsis report and recordings of the keynote address and panels are included below.

We were also quite busy in January with a variety of opinion essays and commentaries. We weighed in on topics ranging from the outlook for oil and gas in the region this year to the Biden administration’s cancelation of the Keystone XL pipeline. We also offered our insights on the potential for renewable energy in Trinidad & Tobago and Peru as well as the role for the electric sector and enhanced grid infrastructure to support economic recovery.

As we do each month, we are pleased to share the latest ANZMEX Energy Matters essays penned by IOA board member Chris Sladen.

Be sure to join us next month, on February 11, for the launch of the Energy & Sustainability program’s report: China Stakes Its Claim in Latin American Energy: What It Means for the Region, the U.S. and Beijing.

Lastly, stay tuned for our announcement on the celebration of the 30th anniversary of the La Jolla Conference in May.

Featured Report

Western Hemisphere 2021 Energy Landscape and Outlook


Ecuador Virtual Energy Roundtable Videos

Playlist Library


Ecuador Virtual Energy Roundtable Summary

Institute of the Americas Report

Ministry of Energy and Non-Renewable Natural Resources Summary

Opinion & Analysis

National Electric Grid Key to Faster Economic Recovery

Is Revoking the Keystone XL Permit a Good Decision?

COVID-19 and Climate Change Prompt an Energy Rethink in Trinidad and Tobago

Will Peru Make Progress on its Energy Transition?

What Lies Ahead for Latin America’s Energy Sector?

Chris Sladen ANZMEX Energy Matters Vol 29

Chris Sladen ANZMEX Energy Matters Vol 28


In the News

Ecuador ratifica la continuidad de su subasta de energĂ­as renovables por 200 MW

OLADE exhorta a gobiernos latinoamericanos a desarrollar políticas energéticas a largo plazo

Ecuador refinery project caps Moreno reform effort

Exxon had offered more gas per day than Guyana needs – Patterson admits

Energy Protectionism in Mexico Has Made Climate the Victim

New U.S. Administration Likely Means More Natural Gas for Mexico, Expert Says

Argentina’s bet on Vaca Muerta needs international financing

December 2020 Year-End Energy Panorama

December 2020 Year-End Energy Panorama

Season’s greetings from La Jolla! It has been a challenging year, but we hope this edition of Energy Panorama finds you well and beginning to enjoy the holiday season. We are pleased to share our annual compilation for your holiday reading, viewing and listening pleasure.

We concluded the year with our Argentina Virtual Oil & Gas Roundtable, a program that had been set for in-person sessions in mid-March in Buenos Aires. The event focused on balancing potential and challenges, as our event summary is titled.  Across several panels this conundrum was very evident: panelists highlighted the huge potential for oil and natural gas production, while also lamenting the shortfalls due to economic, political and regulatory instability. But, there was a good deal of optimism, based largely on the recently enacted Plan Gas 4 policy framework and bidding, as well as an uptick in activity in the country’s oil patch. The event summary and panel videos can be found below.

Keeping with our annual tradition, the December edition of Energy Panorama serves to provide a year-end reflection through selected reports, analysis, podcasts and webinars that we produced this year, as well as insights from our diverse programming across the hemisphere. What follows is a curated compendium of the 2020 IOA Energy & Sustainability Program.

While the early part of 2021 looks to be more of the online, virtual setting, we hope to see you in the latter part of the year. Indeed, 2021 marks the 30th anniversary of the La Jolla Conference and we will be making a major announcement in January.

We wish you and yours a joyous and peaceful holiday season!

Argentina Virtual Oil & Gas Roundtable

Argentina Virtual Oil & Gas Roundtable Event Summary

Argentina Virtual Oil & Gas Roundtable Videos

Latest Opinion & Analysis

Latin American Electric Utilities COVID-accelerated Evolution

Collaborative Clean Energy Innovation for Economic Recovery

Madrid Energy Conference

Curtain Raiser Videos

La Jolla Energy Virtual Conference

Panel Videos

Other Event Videos from 2020

Colombia Oil & Gas Outlook

Caribbean Energy Security & Challenges Post-COVID-19

Bolivia’s Energy Future – Perspectives for the Next Administration

Reports from 2020

Guyana’s Gas-to-Power Potential

How the U.S. Election May Influence China’s Engagement in the Americas

So, You Want to Make Batteries Too?

The Economic and Strategic Arguments for Renewable Energy in Mexico

The Day After: Latin America’s response to key energy issues derived from COVID-19

XXIX La Jolla Energy Conference Summary Report

COVID-19 and Latin America’s Energy Sector: Today, Tomorrow and Beyond the Crisis

Informe EnergĂ­a MĂ©xico 2020

Baja California Energy Outlook 2020–2025

Opinion & Analysis from 2020

Chile a la cabeza del Hidrógeno Verde en América Latina

Can Latin America Produce Sustainable Aviation Fuels?
Will Argentina’s New Plan Successfully Boost Gas Output?
Has Progress on Latin America’s E-Mobility Stalled?
Looking for Jobs in Latin America – Can the Energy Transition Help?
A Not-To-Do List for Guyana’s New Administration When It Comes to Oil
Is Chile On Track to Become Carbon Neutral By 2050?
Pros and Cons of a Super Regulator – The case of the Spanish Regulator
Is Covid Speeding up Latin America’s Energy Transition?
Energy Integration Key After the Pandemic

Latin America’s Potential Green Hydrogen Economy
Do Mexico’s New Power Sector Rules Favor the State
Electricity Demand During Lockdown: Evidence from Argentina
Will Investors Leave Vaca Muerta Amid Lower Oil Prices?
Walking the Talk on Climate Change after the Pandemic: Reorienting State-Owned Enterprises towards Sustainability
Mexico’s Fuels Market and a “Double Whammy”
Climate change and human rights
Does Hydrogen Fuel Have a Bright Future in Latin America?
“Samba” Auctions, a Model for Latin America

Webinars from 2020

Global LNG and South America Natural Gas Update – A Madrid Energy Conference Curtain Raiser Webinar

Clean Energy in Mexico Webinar Series

Managing Critical Mineral Supply Chain Risks

Renewables Argentina Trends Expectations Investment Perspectives

The Future of Clean Energy Demands Critical Mineral Policy Solutions

Energy Resource Governance Initiative (ERGI)

Material Metal Security Low Carbon Energy Transitions

Climate Change and the Oil Sector

March 2021

November 2020

Welcome to the November edition of Energy Panorama.

This month’s featured report assesses a critical topic in Guyana: the potential for gas-to-power in the Caribbean nation. As our white paper sets forth, there remain key challenges to address with regards to the development of Guyana’s oil and gas sector. Perhaps most prominent is what the country should do with the natural gas that is also being produced offshore.

We are grateful to our fall research intern and report author, Kathryn Hillis, a second year graduate student at UCSD’s School of Global Policy and Strategy, for her efforts on the white paper.

This month, as Chile announced its national green hydrogen strategy, Cecilia Aguillon, Energy Transition Initiative Director, authored an essay in PV Magazine arguing for Latin America’s focus on the potential for clean hydrogen markets for economic recovery. She posits the role of green hydrogen to accelerate the decarbonization of the electricity and transportation sectors across the region.

Earlier this month, Cecilia responded to the question “Can Latin America Produce Sustainable Aviation Fuels?” and offered insights and commentary for the Inter-American Dialogue’s Energy Advisor newsletter.

The week after the election in the US, Jeremy Martin participated in a panel and discussion with regards to the outlook for Venezuela and the incoming Biden administration. Cecilia Aguillon also commented on the US election and implications for renewable energy in Mexico as a panelist at the MIREC event held on November 10.

We are pleased to share Volumes 26 and 27 of ANZMEX Energy Matters, essays penned by IOA board member Chris Sladen.

Stay tuned for our year-end edition and annual synopsis from the Energy & Sustainability Program at the Institute of the Americas.

Featured Report

Guyana’s Gas-to-Power Potential

Opinion & Analysis

Chile a la cabeza del Hidrógeno Verde en América Latina

Can Latin America Produce Sustainable Aviation Fuels?

Chris Sladen ANZMEX Energy Matters Vol 26

Chris Sladen ANZMEX Energy Matters Vol 27

In the News

Perspectivas sobre el futuro de Venezuela tras elecciones en EEUU

Mexican president wants to make a deal with Sempra on LNG project

March 2021

October 2020

Welcome to the October edition of Energy Panorama.

We are pleased to share this month´s featured report “How the U.S. Election May Influence China´s Engagement in the Americas” as the 2020 election cycle concludes.

Our report uses the backdrop and attention of the election to contemplate U.S.-Latin America-relations, but particularly the context and future of broader U.S.-China engagement through the lens of a second term for President Trump or a Biden Administration. Nowhere is this perhaps more interesting and important to understand than with regards to the energy sector in Latin America and the Caribbean.

On October 29, together with Control Risks, we convened a virtual panel focused on Colombia´s Oil & Gas sector. The panel featured Raul Gallegos, Director at Control Risks; Tony Hayward, Executive Chairman at Glencore International; Jorge Milanese, Regional Director for Latin American at Sproule; Marianna Boza, Partner at Brigard & Urrutia and Jose Luis Manzano, Chairman of Integra Capital, who sponsored the session.

The panel discussion centered on issues of social risk and M&A. The panel kicked off with analysis of social issues from Control Risks and further insights with regards to Carlyle´s acquisition of the Oxy onshore assets and the overall appeal of investments in the sector. The general consensus was very positive for Colombia´s medium and long term outlook given its strong rule of law and regulatory certainty for the sector, a reputation the panelists underscored had been built over several years.

There are key challenges particularly with regards to managing social risks, and a poll of the audience noted over 75% of the attendees were concerned by the potential for conflict. However, the panel emphasized that solutions and paths to mitigate social risks exist and indeed implementation of royalty reforms will be a key element to enhancing community relations and the so-called social license to operate. But, the panel also concurred that the oil and gas transport infrastructure issue remains challenging and demands continued attention from the government and industry alike.

Earlier this week, our Non-Resident Fellow Andres Chambouleyron responded to the question “Will Argentina´s New Plan Successfully Boost Gas Output?” and provided commentary for the Inter-American Dialogue´s Energy Advisor newsletter.

We are also pleased to share the latest Energy Matters essay from IOA board member Chris Sladen written for ANZMEX.

Featured Report

How the U.S. Election May Influence China´s Engagement in the Americas

Opinion & Analysis

Will Argentina´s New Plan Successfully Boost Gas Output?

Chris Sladen ANZMEX Energy Matters Vol 25


Colombia Oil & Gas Outlook: M&A and Social Risk Management

In the News

Sempra´s subsidiary in Mexico still awaiting final LNG export permit

Pemex Remains Outlier as Fellow Latin American NOCs Embrace Divestment, Liberalization