As a Japanese standard university student in the 20th century, I entered Osaka Gas as soon as I graduated. I wanted to do something important for Japan with poor energy resources. At the time of my graduation, Japanese oil companies and upstream companies were not well known among university students and I chose a utility company which had established close and good relationships with end users.
Energy projects in Brazil and their sponsors remain virtually isolated from access to competitive international sources of project finance, as they are denominated in USD, which increase the FX risk.
We really believe that tender mechanisms and the energy reform have been very positive for the development of renewable energies in Mexico.
The Canadian industry is facing some challenges in recent years, so you may see more Canadian companies show up in Mexico if the climate is investor-friendly.
The biggest challenge in Mexico is the same for anywhere in the energy industry, how do we provide the sustainable energy people are demanding in an environment where prices are depressed and volatile.
The single greatest challenge is geopolitical uncertainty, which seems to be heightening by the day. Although it affects the entire globe, the APAC region is particularly exposed.
The greatest challenge for Aucerna in the APAC region has been the pace at which O&G companies have been rethinking their planning and portfolio processes.
In the near term, the biggest challenges for APAC are to continue to invest in oil and gas to meet demand, and to make up for several years of underinvestment.
We always find the APAC Energy Assembly one of the key events for the year in the APAC region. The reason for this relates to the high seniority of the level of people attending, relevant topics of discussion and being a well-organized event.
The region is at an inflection point. The near future will depend on the vision of policymakers allowing the private sector to plan and invest in long-term strategies for durable growth, as well as promoting a realistic balance in the energy matrix.
I think we’ll also continue to see an expansion in the South American hydrocarbon industry as population growth and increased energy demand require continued expansion in domestic energy supply.
Our biggest learning is that there isn’t any one size fits all solution to approaching the Vaca Muerta. Each individual area of the play comes with its own benefits and complications.
Every new auction is different from the previous one and this is a big challenge. Each one has a different format, with different technical restrictions, competition, regulatory wise among others.
With respect to LNG supply shortage in China, it would be great if the market leaders would share their visions on how to solve the issues in the next few years.