Make sense of complexity and transact with confidence.

In fast-moving, high-stakes commodity and energy markets, identifying the right deal and doing it well is critical - uncovering risk is just as important as seizing opportunity.

Our consultants offer seamless support using deep industry expertise, tailored independent analysis, and unparalleled data of the full commodity value chain to cut through complexity. With you at every step, we help you evaluate investments, screen transactions, and assess M&A opportunities, so you can make informed, confident transaction decisions with every detail in focus. Get in touch today

How we can help

From identifying opportunities to helping close deals, our end-to-end approach connects the dots, helping you at each stage in the transaction process. Our objective analysis evaluates the competitive landscape, refines market valuations, and identifies potential risks.

M&A opportunity screening

Working together to understand your strategic imperatives and developing a robust criteria for assessing opportunities.

Investment thesis appraisal

Evaluate and test investment thesis feasibility to generate and validate critical assumptions for evaluation.

Commercial due diligence

Support a seller’s assessment of a given asset or business and a buyer’s due diligence of potential opportunities.

Technical due diligence

Visit the production site to evaluate the capability of the assets to meet the business plan and highlight risk factors and critical dependencies.

Deal and financing support

Evaluate and explain implications for investment case, prepare analysis to support negotiation and deal close and provide reports to investors.

Lender reports

Prepare commercial/technical asset specific reports to support financing and carry out project monitoring work for new assets during construction and completion.

Our industry coverage

We’re specialists, not generalists. Our consultants have real-world experience of the sectors we cover and bring you deep, tailored insights for confident decision-making.

Global Gas, LNG & Low Carbon Gas

Oil Markets & Biofuels, Midstream and Refining

Oil & Gas Exploration & Production

Power & Renewables

Chemicals

Agribusiness

Energy Transition & Decarbonization

What makes us different

Our connected view of global energy and commodity markets and access to data, tools, and analytics is unparalleled. We provide critical analysis that reduces uncertainty, speeds up your ability to unlock value, and ensures smoother transactions.

Unmatched cross-sector intelligence

Next-level modelling to go deeper

Unrivalled insight, powered by unparalleled data

Identify risk and unlock value

Objective analysis for confident decisions

Tailored support at every step

A global team

With over 300 consultants across diverse sectors around the world, we offer deep global and regional expertise.

Tim Bleakley

Senior Advisor,
Power & Renewables Consulting

Eric Eyberg

Global Head,
Gas, LNG & Low Carbon Gas Consulting

Aube Montero Plop

Executive Director,
Head of Americas Upstream Consulting

James Crompton, CFA

Associate Director
Gas, LNG, & Low Carbon Gas Consulting

Eleonor Kramarz

Global Head,
Energy Transition Consulting

Luca Raffellini

Executive Director,
Chemical Consulting

Gaurav Srivastava

Executive Director,
Oil Markets, Midstream and Downstream Consulting

Victor Shum

Vice President, Head of APAC
Oil, Midstream & Downstream Consulting

Our Impact

Commercial due diligence and market assessment for a US wind power, solar photovoltaic, and battery portfolio

Buyside commercial and technical due diligence of petroleum product terminal in Southeast Asia

Full-cycle investment support to bid for LNG assets

Explore the consulting webpage

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Case study: Commercial due diligence and market assessment for a US wind power, solar photovoltaic, and battery portfolio

Challenge

Our client, a leading European infrastructure investment firm needed commercial due diligence for a US-wide portfolio of wind, solar photovoltaic, and battery storage assets plus a development project pipeline. Their investment committee required financial model inputs and guidance as well as a deeper understanding of the key risks around their potential investment.

Our solution

  • We wrote a comprehensive power market report, focused on policy, regulation, power market fundamentals, market design, and market outlooks for the majority of key U.S. markets.
  • We prepared a red flag report highlighting the risks highlighted in the seller’s report and challenging certain assumptions.
  • We reviewed the commercial terms of several PPAs, highlighting key risks including volume/curtailment, price, and covariance risks. In addition, we carried out a detailed nodal basis risk analysis for key asset locations in the portfolio.

Impact

Our client made an informed valuation of the target portfolio having understood the attendant risks and successfully acquired a stake in a geographically and technologically diverse portfolio of clean energy assets.

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Buyside commercial and technical due diligence of petroleum product terminal in Southeast Asia

Challenge

Our client, an infrastructure fund, was interested in acquiring a petroleum product terminal in a Southeast Asian market and required independent advisory support in assessing the investment potential of the asset. The client engaged our consulting team to conduct a comprehensive commercial and technical due diligence review of the terminal facilities

Our solution

  • Our consulting team prepared a detailed market analysis and outlook for the fuels and refined products terminaling sector in the target market, and assessed the competitiveness of the target relative to competitors.
  • We conducted a detailed technical review of the terminal facilities including operating, safety, and maintenance records and practices, electrical and control systems, fire protection systems, and safety and security systems.
  • We reviewed vendor data on performance including utilization, average contract length, proportion of guaranteed revenue, split between storage fees, additional throughput fees, and ancillary revenue. Planned project works and capex of anticipated repairs and maintenance were also reviewed.
  • We provided an assessment of the vendor’s business plan, commentary on scenarios and risks that could impact the existing business, and key input assumptions and sensitivities for the financial model. Our deliverables included a Red Flag Report, Final Due Diligence reports and regular weekly update calls with the client and all advisors.

Impact

  • Through this due diligence engagement, our client gained a deep understanding of the commercial position, technical capabilities and potential risks associated with this terminal.
  • Our client was able to make an informed decision on the attractiveness of the transaction and successfully acquired the terminal.
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Case study: Full-cycle investment process support to bid for target asset

Challenge

A major infrastructure fund needed CI Consulting to take on multiple studies to support the client’s investment thesis development. From screening and ranking potential acquisition targets to carrying out detailed commercial due diligence on high-graded opportunities.

Our solution

  • We provided US upstream and global liquefaction outlooks to support market framing, making recommendations that would support their investment thesis, which led to the US LNG market being prioritized as an investment opportunity.
  • We carried out a screening exercise of US LNG projects, benchmarking against international competitors and evaluating re-contracting potential.
  • We supported the client with commercial due-diligence by analyzing upstream, infrastructure, above-ground risks, feedgas availability and deliverability as well as competitiveness of the LNG terminal under consideration.

Impact

  • We highlighted uncertainties in the LNG terminal’s existing feedgas arrangement, potentially exposing the client to feedgas price volatility, which led to constructive discussions with the seller and a planned shift in feedgas strategy.
  • Our evaluation of the re-contracting environment was a major factor in the “value gap” evaluation between buyer and seller as well as a key consideration in the successful development of a risked final offer.
  • Our investment committee case led to a successful transaction in Q2-23.

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