IPD EnergyNet
Our thought provoking and timely analysis of the energy industry offers IPD clients a unique local perspective that enables them to better understand energy dynamics and create opportunity.
Venezuela
Natural Gas Collection in an Industry Recovery Plan
Experts have largely focused on Venezuela’s oil industry in their vision for the country’s economic recovery, but gas collection should also play a role. PDVSA’s calculations indicate that it will take around US$ 6.6 billion to build the infrastructure needed to halt gas losses. That amount could be optimized with the right management. The benefits of such action would far exceed the costs. … [READ MORE]
Mexico
PEMEX Business Plan - Dead on Arrival
After much anticipation, PEMEX presented its business plan on July 16th. The disappointment was deafening. Although the plan calls for injecting real capital and reducing the company’s tax burden, it remains far too little. But the most significant flaw is on the technical side and its wholly unrealistic view of production based strictly on service contract support. The continued rejection of ratings agency and market warnings and recommendations has reached a crescendo. Further ratings downgrades are just a matter of time.… [READ MORE]
Mexico
PRODESEN: Back to a Monopoly Era
The Federal Electricity Commission (CFE) released its most recent Program for the Development of the National Electric System (PRODESEN), which lays out national electric system plans from 2019 to 2033. The government’s agenda to fortify the monopoly positions CFE lost as a result of the 2013 Energy Reform are on bold display in this document. Any continued belief that there is not a systematic effort underway to roll back the 2013 energy reform should think again.… [READ MORE]
Venezuela
Time for Venezuela's Neighbors to Step Up
As Venezuela’s political crisis drags on, the weight of migrants fleeing the flailing country has become heavy on its neighbors. The writing is on the wall: change cannot come only from within Venezuela. Its neighbors need to help the battered country in order to help themselves. Peru has called for an international meeting. UNHCR High Commissioner Michele Bachelet has released her damning report. The circle of countries affected by Venezuela’s socio-political catastrophe has broadened. … [READ MORE]
