In early June, Argentina exported its first liquefied natural gas (LNG) cargo ever. Government officials and industry players agree that the path forward for monetizing the world’s second-largest shale gas play is almost exclusively an LNG conversation. The LNG shipment in early June underscores that development of the gas market is moving ahead despite the country’s macroeconomic difficulties and electoral calendar.
On May 22nd and 23rd the Institute of the Americas hosts the XXVIII La Jolla Energy Conference. As we count down to this year’s Conference, we’ll be raising the curtain on a few of our key topics and panels. As we gather this year, we’ll spend time assessing the dramatic transformation that the global energy sector is undergoing and implications for our hemisphere. The resurgence in upstream developments across the region will be featured but also against the backdrop of the question of how much oil and for how long? Venezuela will be a key area for discussion including our nightcap roundtable focused on political developments and a full panel on the future of the energy sector and discussion of the path forward.
Last December, Argentina enacted regulations to implement law No. 27.191 to accelerate its distributed generation (DG) market, decentralize energy sources, reduce emissions and create jobs. As with most nascent legal and regulatory measures, success will depend on designing the proper policies that will attract local investment and grow its DG market sustainably.
With increasing international support for Juan Guaido’s interim government, a deepening economic crisis and tightening sanctions, what does it mean politically for the Maduro government and what are the next steps for dialogue, elections and new leadership in the oil-rich nation? We spoke to David Mares, a Distinguished Professor of Political Science at UC San Diego to address these questions and to further understand the rapidly changing domestic and international political elements of the Venezuela crisis.
Since the new year arrived in Mexico, the headlines have been dominated by the issue of gasoline theft, fuels consumption and logistics but particularly shortages. The Lopez Obrador government crackdown on the so-called huachicoleo and illegal fuels market has led to a national debate over the interconnected issues of corruption and availability of gasoline to meet the ever-growing demand in the country. We spoke to Marco Cota, CEO of Talanza Energy for his insights on the current fuels issues facing Mexico as well as the broader questions surrounding oil and Pemex and particularly finance and investment implications.