Happy New Year and welcome to the first installment of Energy Panorama for 2019.

We are very pleased to share this month’s featured report LNG and the Panama Canal: Should Another Expansion Already Be on the Drawing Board? The report was prepared during the fall 2018 quarter as part of a research project by Melisa Uzcategui-Ebner, Timona Ghosh, and Edgar Kelly-Garcia, graduate students at UC San Diego’s School of Global Policy & Strategy (GPS).

The Panama Canal’s third set of locks opened in June 2016. By the end of the canal’s fiscal year last September, LNG transits had contributed significantly to a record-setting year of 442.1 million tons crossing its waters. Beyond an assessment of the current state of LNG usage in the canal, the report analyzes a series of elements associated with the possibility of another expansion using the third set of locks as a reference. Where the Panama Canal fits in the larger geopolitical outlook could be greatly determined by its future expansion, how such an additional expansion is financed and if LNG continues to grow in importance for the canal’s operations and financial well-being.

Our webinar series kicked off the year with Mexico Oil Outlook 2019 and a new format with a virtual panel. It was a lively discussion and debate with John Padilla, Managing Director, IPD Latin America and Gonzalo Monroy, Managing Director, GMEC with insights and analysis on the issues of oil production, refining, fuels infrastructure and investment as the new year unfolds in Mexico.

Our podcast series delved into fuels and finance in Mexico in an interview with Marco Cota, CEO of Talanza Energy.

Following up on our Roundtable in Bogota last year and podcast with energy ministry officials in December, we published an analysis of the outlook for renewable energy in Colombia as the first auction takes place. We also contributed our insights to understanding the changes in Argentina’s energy secretariat as the new year arrived.

Our webinar series continues on February 6 with Mexico: Natural Gas Outlook 2019. John McNeece, the author of a two-part analysis of US-Mexico natural gas trade will present his research and particularly the risks to Mexico presented by its growing reliance on imports from the US, and how those risks may be mitigated. He will be joined by Veronica Irastorza, Associate Director at NERA Economic Consulting in Mexico City.

We head to Mexico City for our first Roundtable of the year on February 28/March 1 and Buenos Aires on March 27-28 for our annual Energy Roundtable.

Opinion & Analysis

Will Colombia’s renewable energy auction set a new bar for the market?

In the News

Expertos prevén que sólo con apoyo de IP se alcanzaría meta petrolera