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Cuba Energy Challenges and Opportunities Jorge R. Piñon 29th Annual Journalists & Editors Workshop on Latin Americ PowerPoint Presentation
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Cuba Energy Challenges and Opportunities Jorge R. Piñon 29th Annual Journalists & Editors Workshop on Latin Americ

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Cuba Energy Challenges and Opportunities Jorge R. Piñon 29th Annual Journalists & Editors Workshop on Latin Americ
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  1. Cuba Energy Challenges and Opportunities Jorge R. Piñon 29th Annual Journalists & Editors Workshop on Latin America and the Caribbean May 5-6, 2011 Miami, Florida Relationship Management & Business Development in Emerging Markets

  2. …Cuba’s future primary energy demand should see a shift towardnatural gas (lng), biomass (bagasse) and biofuel (ethanol) Relationship Management & Business Development in Emerging Markets

  3. …Cuba’s oil demand could double by 2020under an open access economic model, with a greater demand fortransportation fuels depending on the role played by LNG, bagasse… Relationship Management & Business Development in Emerging Markets

  4. …efficiency and conservation focused program; niche application of solar, wind, and hydro projects. Revolución Energética Energy Efficiency and Conservation Distributed Power Generation Up-grading Thermoelectric Power Generation Renewable Energy Wind & Solar Up-grading Transmission & Distribution System Residential & Commercial Rates & Metering Relationship Management & Business Development in Emerging Markets

  5. …potential for $12 billion capital investment horizon inthe next fifteen years under an open access economic model… Cuba’s Energy Future • Upstream Oil and Gas Enhanced Oil Recovery • Refining Primary and Secondary Petrochemicals • Logistics and Distribution • Renewable Energy: Solar and Sugarcane • Electric Power Generation LNG Relationship Management & Business Development in Emerging Markets

  6. …possible economic and political game changerfor both Cuba and the United States. Cuba’s Gulf of Mexico EEZ Profile • 112,000 square kilometers. • 59 exploration blocks approx. 2,000 sq km each. • Average depth 2,000 meters, up to 4,000 meters. • Cuba-US demarcation line negotiated 1977. • Eastern Gap open to negotiations Cuba/US/Mex. • 22 blocks awarded within 6 concessions. Relationship Management & Business Development in Emerging Markets

  7. …estimate excludes Cuba’s northwest gulf of Mexico economic exclusive zone and eastern gap. 4,595 mmbo USGS Mean Assessment of Undiscovered Oil Resources of the North Cuba Basin Relationship Management & Business Development in Emerging Markets

  8. Relationship Management & Business Development in Emerging Markets

  9. …experienced firms with access to capital and technology;challenging strategic fit… Cuba’s Foreign Oil Investors Relationship Management and Business Development

  10. …there is an urgent need for the United States and Cuba to develop a joint response and cooperation agreement in the case of an oil spill; as well as a general license to import U.S. oil equipment and services. • United Nations International Convention on Oil Pollution Preparedness, Response and Co-operation. The 1980 Joint Contingency Plan Between the United States and Mexico Regarding Pollution of the Marine Environment by Discharges of Hydrocarbons or other Hazardous Substances . The 1986 Canada-United States Joint Marine Pollution Contingency Plan, covering the shared maritime borders along the Great Lakes, Atlantic and Pacific coasts, and the Beaufort Sea. Relationship Management & Business Development in Emerging Markets

  11. Relationship Management & Business Development in Emerging Markets