Energy markets across Latin America show great variety with a mix of net importers and exporters, significant hydrocarbon reserves and hydroelectric resources, and rapidly growing renewable capability. Institutional and market reform is a key driver in many countries, while ensuring investment in hydrocarbons and/or renewables is a major concern. The emergence and growth of Latin America as an LNG market area since 2010 has shifted the balance of world spot LNG trade, while the recent expansion of the Panama Canal facilitates new routes in LNG shipping. Growing markets with many opportunities and challenges make for a dynamic energy landscape.
MJMEnergy has in provided consultancy, training and research in Latin America over recent years, including advising on LNG imports in Chile, training for regulators in Colombia, reviews and forecasts of potential LNG exports from Colombia, Peru, Trinidad and Tobago, and Brazil.
Below you will find examples of some of the consultancy, training or publishing work that we have carried out in Latin America. If you want to explore how we can help you talk to us.
The following titles are examples of some of the energy consultancy projects that we have carried out in this region. (Clicking the title will provide more information.)
- Drafting of Regulatory Exemption Application for Merchant Interconnector Pipeline
Drafting of Regulatory Exemption Application for Merchant Interconnector Pipeline
Working for a major merchant interconnector operator in Europe, MJMEnergy drafted a regulatory access proposal with supporting documentation, relating to Article 22 of the EU Gas Directive. MJMEnergy worked to assimilate material provided by the client and supplement it with market analysis, review of competing infrastructure, review of the relevant legislation, and a review of the contractual arrangements.
Working to very tight timescales, we then drafted a full exemption application for the project.close
Training and Capacity Building:
The following are examples of some of the energy training and capacity building that we have carried out in this region. (Clicking the title will provide more information.)
- EU Gas Markets
- CREG Open Season Training
- LNG Economics and Markets
- Global LNG
- 21st Century Regulation
- Ofgem Gas Technical Basics/Advanced
- Gas Storage Course
- Why store gas?
- Types of gas storage facilities
- How storage is sold
- Storage economics
- Building gas storage
- A case study of a current storage project
- The future of gas storage
- Framework Agreement with IGEM for the Provision of Technical Training
- Introduction to the UK gas industry and its market.
- Asset integrity management.
- TGas market safety, legislation and regulation.
- Engineering ethics – doing the right thing.
- Safety, risk & reliability management.
- Training Games, Exercises and Simulations
- Energy Markets Course
- Global Oil Market
EU Gas Markets
This two-day overview explores the EU Gas Markets with teaching sessions, case studies and our gas balancing simulation game.
This two-day course looks at:Day One:
You will gain an overview the whole EU gas market, examining the infrastructure and supply/demand match. We will explain the principles of liberalisation and together we will explore contracts, pricing, markets, gas transportation and security of supply.Day Two:
We will spend some time investigating the key European markets, looking at energy
trading regulation and discuss the future of gas in Europe and the possible effect
the UK’s departure from Europe might have on the European gas market.
The next public course date is:
CREG Open Season Training
MJMEnergy provided Colombian energy regulator, CREG, with a bespoke training seminar on Open Seasons and their application to the construction of gas pipelines. The training included explanation of the concepts of Open Season and a review of their use in different jurisdictions around the world as well as recommendations for Colombia.close
LNG Economics and Markets
Understanding the costs and value of LNG is crucial to optimising LNG operations and purchasing in changing markets. This three-day course offers helpful insight, useful case studies and practical exercises.
Day 1: An introduction to the LNG business and economics.
Day 2: Making and delivering LNG: costs and projects.
Day 3: Extracting value: regasification, the long-term and short-term markets.close
During the course of the day we will study US, European and Asian pricing
methodology, and take a look at traditional pricing
structures and shifting trends. The expansion of LNG
interest and the evolution of LNG pricing worldwide
is explained with a look at the future prospects.
The next public course date is:
21st Century Regulation
This three-day course has been specifically developed in order to explain both the background and practice of gas market regulation as well as providing suitable tools and intellectual and practical frameworks for parties involved in 21st Century gas regulation.
Understanding and applying regulation to gas markets is a crucial skill as energy market liberalisation gathers pace around the world.
The purpose of this first day is to provide you with a solid academic theoretical and historical basis to energy market regulation, drawing on the experience of European and North American energy markets in particular.
The purpose of this second day, building on regulatory economic theory, is to provide a series of practical examples of how regulation is undertaken in the real world. This will be achieved firstly with a series of sessions on specific regulatory issues followed by a number of case studies.
The purpose of this third day is to build on both economic theory and practical application in order to provide you with useful tools and approaches that you can apply to your own particular regulatory environment, whether you are a regulator, the regulated, or a participant in a regulated market.close
Ofgem Gas Technical Basics/Advanced
We designed a Gas Basic and Gas Advanced course for Ofgem to provide a greater understanding of the operation of the gas supply system for their non-engineers as well as perspectives on commercial gas issues.
An extensive handbook to go with each course and a precourse online questionnaire to help staff know which level they required was also provided.close
Gas Storage Course
We will explain the need to store gas and look at the different types of storage facilities available. You will gain an understanding of how to buy storage capacity, trade gas using storage, and the whole economics of gas storage. You will look at how to build storage, examine a case study and explore the future of storage.
The course covers:
The IGEM Academy
Over the last few years MJMEnergy has worked closely with IGEM to prepare and deliver technical training for engineers, both in the UK and overseas. Typical examples have included the following:
Training Games, Exercises and Simulations
Designed to introduce you to real-life circumstances in which you can make successful choices based on learnt skills, our games and exercises cover a wide variety of areas. For more advanced experiences we have developed exercises that set the scene with realistic management and technical information enabling players to engage with the subject in a serious yet safe environment.close
Energy Markets Course
This three day course provides a thorough understanding of the dynamics of the gas and power industry. The main focus being: physical gas and electricity systems, commercial energy markets and energy trading.close
Global Oil Market
You will learn about the charactaristics of oil, how the terms upstream, midstream and downstream relate to this industry, what makes the price of oil and how it is traded.close
The following titles are examples of energy reports that we have written, published or sell and are included to complement this section. Feel free to click on the titles for more information.
- LNG in Transportation
- The Oil Trading Manual
- Physical characteristics and refining
- Oil pricing arrangements
- Physical oil markets
- Forward and futures contracts
- Options and swaps
- Operations and logistics
- Accounting and taxation
- Controlling financial risk
- Legal and regulatory control
- Underground Gas Storage and LNG Storage Market in the World
LNG in Transportation
LNG in Transportation
This report explores the role of LNG in marine, road and rail transport
and is divided into three parts:
1) Technology and drivers for LNG as a transport fuel.
2) Growth projections for LNG as a transport fuel.
3) Data on LNG as a transport fuel.
The Oil Trading Manual
Edited by MJMEnergy associate David Long, the Oil Trading Manual (OTM) provided a unique and comprehensive reference source to the structure and conduct of the international oil markets including:
Underground Gas Storage and LNG Storage Market in the World
"The Underground Gas Storage & LNG Storage Market in the World 2015-2035" builds on the CEDIGAZ Underground Gas Storage Database, the only worldwide Underground Gas Storage database to be updated every year, and on the CEDIGAZ LNG Service, a comprehensive service dedicated to the LNG market.
This report is divided into three parts:
Part one: - analyses current and future trends in the storage market to 2035 (UGS and LNG storage).
Part two: - is specifically dedicated to the EU UGS market. The analysis reviews key economic and regulatory factors that are reshaping the EU market.
Part three: - includes in-depth analyses for 49 countries worldwide.close
Key staff and associates:
- Mike Madden
- Chris Le Fevre
- David Haynes
- Nick White
- David Ledesma