October 2020

October 2020

Welcome to the October edition of Energy Panorama.

We are pleased to share this month¬īs featured report “How the U.S. Election May Influence China¬īs 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¬īs 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¬īs acquisition of the Oxy onshore assets and the overall appeal of investments in the sector. The general consensus was very positive for Colombia¬īs 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¬īs New Plan Successfully Boost Gas Output?” and provided commentary for the Inter-American Dialogue¬īs 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¬īs Engagement in the Americas

Opinion & Analysis

Will Argentina¬īs 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¬īs subsidiary in Mexico still awaiting final LNG export permit

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

October 2020

September 2020

Welcome to the September edition of Energy Panorama.

We just wrapped up the second annual Madrid Energy Conference together with our partners IPD Latin America and Global Event Partners. While we moved this year’s event online across an entire week, our goals and objectives were unchanged: to address the way that energy is generated, distributed and consumed and the investment needed in Latin America to drive the energy transition and the nexus with Europe.

This year’s Madrid Virtual Energy Conference convened six ministers, 20 CEO’s and several other experts and senior officials, along with over 400 participants, to assess and leverage developments in Europe with an eye to how they can inform policy and investment frameworks in Latin America. Since the founding and launch of the Madrid Energy Conference we have sought to develop a program in concert with the subtitle: Where Europe and Latin America meet for energy dialogue.

Below is a link to an articled developed by our principal media partner, IPS. Please stay tuned for our complete conference analysis and post-event report in the coming weeks.

In our preparation for the Madrid Energy Conference, we also continued with two more Curtain-Raiser video interviews as well as a webinar.

In line with his participation in a panel on mobility, transport and energy transition, Non-Resident Fellow, Leonardo Beltran, joined with Cecilia Aguillon, Director of the IOA’s Energy Transition Initiative, to respond to the question “Has Progress on Latin America’s E-Mobility Stalled?” for the Inter-American Dialogue’s Energy Advisor newsletter.

Also this month, Leonardo Beltran examined the impact on fuel demand post-covid and argued that we will continue to see an acceleration of the process of digitalization and automation, which in turn most likely will result in an overall global reduction in mobility.

Our colleague and fellow, Roger Tissot, published an interesting piece this month focused on the intersection of renewable energy, recovery and employment. He specifically assessed the question: Can the “energy transition” in Latin America help address the risks caused by greenhouse gases (GHG) on the climate, and the economic depression caused by the pandemic?

As always, we are pleased to include two essays from IOA board member Chris Sladen and his essays written for ANZMEX. Be sure to take the “who wants to be a millionaire” quiz that Chris included in Volume 24.

Madrid Energy Conference

Energy Transition and Post-Covid Recovery, a Challenge for Latin America

Opinion & Analysis

Looking for Jobs in Latin America-Can the Energy Transition Help?

Has Progress on Latin America’s E-Mobility Stalled?

Investing in the “Hidden Fuel” the Smartest Alternative

Chris Sladen ANZMEX Energy Matters Vol 23

Chris Sladen ANZMEX Energy Matters Vol 24

Madrid Energy Conference Curtain Raiser Videos

Madrid Energy Conference: Energy Transition with Jose Vicente Zapata, Partner at Holland & Knight

Madrid Energy Conference: Energy Transition Curtain-Raiser with Catherine Von Burg, CEO & Co-Founder, SimpliPhi Power, Inc.

Madrid Energy Conference Curtain Raiser Webinar

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

In the News

Uruguay reafirma su compromiso de bajar emisiones y hacer mejor uso de las energías

Mexican renewables: trapped by policy about-face

Brazil’s grid expansion balancing act

Trump, Argentina and the LatAm energy transition

Opportunities in Uruguay’s energy plan

GEB’s Vision for Renewables, gas expansion and regional integration

Panel: What’s Next for Latin American National Oil Companies?

Check out the full summary of the Fourth Annual Latin America Energy Conference, as well as presenters’ slides: https://www.thedialogue.org/analysis/…

‚óŹ Alejandra Le√≥n, Director, Latin America Upstream, IHS Markit
‚óŹ Jeremy Martin, Vice President, Energy & Sustainability, Institute of the Americas
‚óŹ Sylvie D‚ÄôApote, Founder and Managing Partner, Prysma E&T Consultores Associados (Brazil)

‚óŹ Nate Graham, Program Associate, Energy, Climate Change & Extractive Industries, Inter-American Dialogue