Advised on oil and gas market regulation, in advance of part privatisation of a state oil and gas company and listing of PetroChina on the New York Stock Exchange, in particular developed options for development of downstream gas markets.
Researched and advised on international partner for a gas distribution concession, drew up a shortlist and investigated the suitability of different international energy companies, including financial strengths, operational expertise, technical skills, manpower, international experience and other criteria.
Power generation and industrial markets study:
- Studied opportunities for gas in Paraná State, considering Paraná and other South Eastern States, discussing mainly the power generation and industrial markets;
- The study also considered pricing issues, alternative competitive supplies, from Brazil, Bolivia and Argentina, and alternative scenarios for delivered city gate prices.
Advised on regulation and licensing (with PwC).
For all Australian gas retailers, as part of planning for the newly liberalised Australian gas market, analysed gas supply planning function, and for an oil major described the gas retail function in the UK market.
Search for strategic investor: For Government of Tasmania in Australia, assisted with arranging and running a financial roadshow, and selecting strategic partner for Government to develop the island’s energy economy (Duke Energy chosen).
For an Argentine gas transport company, advised on capital cost allocation methodologies internationally for gas network extensions.
For an oil major, advised on regulatory issues for greenfield gas development.
EU Gas Regulation, First Directive: Reported on issues during development of the first Gas Directive and recommended solutions, many of which were adopted in the Second Gas Directive.
Delivered regulatory training to executives of Kogas.
Gas market reform advice: Appointed gas expert on regulation under TACIS programme to assist the Ukrainian government (Ministry of Economy) in the joint Ukrainian – World Bank working group on gas market reform. This was related to a World Bank loan to Ukraine and was the only one of nine working groups that met all the conditions.