the atlantic basin initiative the rising importance of the atlantic hemisphere september 12-13, 2012...

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The Atlantic Basin Initiative The Rising Importance of the Atlantic Hemisphere September 12-13, 2012 Center for Transatlantic Relations Johns Hopkins University SAIS Washington, DC

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The Atlantic Basin Initiative

The Rising Importance of the Atlantic Hemisphere

September 12-13, 2012Center for Transatlantic Relations

Johns Hopkins University SAISWashington, DC

CENTER FOR INTERNATIONAL ENERGYAND ENVIRONMENTAL POLICY

Source: 2011 BP Statistical Review

Canada

• World’s Third Largest Holder of Liquid Reserves• United States and Pacific Rim Natural Markets• Seaway and Keystone Pipelines

U.S.A.

• Increase Oil and Natural Gas Production• Refinery Conversion Capacity• Petroleum Fuels Exports• LNG Exports

México

• Decline Liquids Production3.8 mmbd 20004 2.8 mmbd 2012

• Petroleum Fuels Importer• Regulatory and Fiscal/Contractual Regime Obstacles

Venezuela

• World’s Second Largest Holder of Liquids Reserves• ˂ 3.0 mmbd 2012

2005-2010 Siembra Petrolera 5.0 mmbd2013-2019 - $130 billion – 6.0 mmbd

• Regulatory and Fiscal/Contractual Regime Challenges

Brazil

• 2011 Liquids Production 2.8 mmbd• 2016 Crude Oil Production Target 3.3 mmbd• 2012-2016 $236 billion Capital Investments • Capital & Infrastructure Challenges

Argentina

• World’s Third Largest Holder of Shale Gas Reserves• Resource Nationalism - REPSOL• Capital and Technology Challenges • Natural Gas – LNG Regional Impact

Jorge R. PiñonAssociate Director, Latin America and Caribbean ProgramCenter for International Energy and Environmental Policy

Jackson School of GeosciencesThe University of Texas at Austin

2275 Speedway MC C9000Austin, TX 78712-1722

512-232-4988 ofc.305-926-6910 cell

[email protected]