S&P Global Commodity Insights Client Briefing Madrid

Gain insights into our outlook for energy markets, meet with our experts, and network with your peers

We are excited to invite our S&P Global Commodity Insights customers to our Client Briefing Madrid, taking place on Wednesday September 20, 2023. Join us for a full day of content from our industry experts, giving you a cross-commodity, comprehensive outlook on energy markets from both a short/medium- and long-term view, and you will have the opportunity to ask questions and give your views on the challenges the energy markets are facing now and in the future.

Key sessions covered at the event:

Europe's energy sector in the post-crisis era and factors that will determine whether Europe reaches 2030 with a robust economy, stable political environment, and a clear path toward net-zero
Charting the course of the upstream sector in a low-carbon world: exploring strategies employed by countries and companies to reduce carbon emissions
Outlook for oil and refined products markets, including the impact of the Dangote and Dos Bocas refineries on Atlantic Basin balances
European gas and power market dynamics; key drivers impacting prices for the year ahead, long-term supply and demand outlook and the the evolving PPA market
Chemicals markets in Europe amidst market downturn and the push for decarbonization
Clean technology developments, and how clean power supply chains will gather pace as global demand diversifies
Critical minerals outlook and price forecast in light of the energy transition

Please note that this is a client-only event, and places are limited to 3 attendees per company. Registration will close on Monday, September 18, 12pm CEST. We look forward to seeing you there!

FREE EVENT STARTS IN

Agenda

8:00am	Registration & networking
08:50am	Welcome & opening remarks
08:55am	Charting the post-crisis era: European and global energy markets in the 2020s and beyond Comparison of base-case energy market outlooks (Global & Europe) from 2021 and 2023. How have the Ukraine war and the new era of subsidy-driven cleantech investment changed our expectations for long-term oil, gas, coal and renewables demand? What is the impact on global and European greenhouse gas emission trends? Using alternative scenarios to frame the boundaries of uncertainty. In what different ways could the energy future develop, and why? Can Europe meet its ambitious Paris Agreement and 2050 net-zero goals Paul McConnell, Executive Director, Climate & Energy Transformation
09:15am	Charting the upstream course in a low-carbon world Analysing effective policy and regulatory strategies employed by countries to reduce carbon emissions in upstream activities and accelerate the energy industry transformation. Unpacking the role of Carbon Capture, Utilization, and Storage (CCUS) as a crucial tool for emissions reduction in Exploration and Production (E&P) and exploring the latest advancements in CCUS regulation and its potential to drive decarbonization efforts forward. Juliana Abella, Policy & Regulation, Director, Upstream Solutions
09:45am	Carbon reduction opportunities for upstream Portfolio rationalisation based on economic metrics and emissions intensity Assessment of low emissions developments on upstream assets What is the potential for gas in the Northern Africa region? Ismini Katsimpardi, Asset and Portfolio Valuation, Associate Director, Upstream Solutions
10:15am	Crude oil and refined products markets Look at the current and projected dynamics of global crude oil supply and demand and understand the factors shaping the market balance. Explore the OPEC+ alliance’s pivotal role in stabilizing and influencing oil prices through strategic production cuts. Examine the interplay between supply expansions outside the OPEC+ framework and their impact on restraining potential upward price movements. Analyse the evolving landscape of global trade patterns following the imposition of sanctions on Russia. Payam Hashempour, Senior Analyst, Crude Oil Markets
10:45am	Double trouble: The impact of the Dangote and Dos Bocas refineries on Atlantic Basin balances The gasoline and diesel trade landscape in the Atlantic Basin How will the Dangote and Dos Bocas refineries impact balances? What will be the catalysts for the next wave of refinery closures? Peaking consumption Steady diesel imports into Europe Increasing competition in key export markets, including from these new entrants Response strategies Hédi Grati, Head of Europe/CIS Fuels & Refining
11:20am	Networking break
11:50pm	European Gas and Power Market Short-term Dynamics What are the key factors driving gas prices in winter 2023–24 and beyond? An assessment of key demand drivers and how they are expected to evolve The change in flexibility in the European gas market; what are the factors driving the call on thermal generation in the power sector and what supply sources Europe and Spain will be reliant on? Assessing the Spanish power market in terms of the impact of the expansion of renewables on volatility in power pricing, and what the experience of summer-23 might flag for future summers. Alun Davies, Head of European gas Glenn Rickson, Head of Short-term, European Power
12:40pm	Thriving amidst price volatility: unlocking the potential of the evolving PPA Market The latest PPA trends based on latest deals announced across Europe by technology and offtakers How is the European Union developing policy framework around PPAs in order to achieve its renewables ambitions? Growing sustainability goals: how are they impacting PPAs uptake? PPA breakeven prices PPA prices and wholesale capture prices Bruno Brunetti, Manager, Low Carbon Electricity Analytics Diego Ortiz Garcia, Principal Analyst – European Renewables
1:10pm	Europe's place in a global gas market Michael Stoppard, GlobalGas Strategy Lead
1:30pm	Global gas and European long-term gas and power dynamics Alun Davies, Head of European gas Augustin Borelle, Senior Analyst
2:00pm	Networking lunch
3:00pm	As global demand diversifies; how clean power supply chains will keep up What actions does the clean energy industry need to undertake to keep pace with evolving global demand while ensuring agility, resilience, and sustainability of its supply chains in the face of multifaceted challenges? Maintaining a healthy balance sheet while simultaneously investing in new technology, reducing costs, scaling supply chains, and contending with a growing call for reshoring in key markets Eduard Sala de Vedruna, Vice President, Clean Energy Technology Lead Francesco D’Avack, Associate Director, Clean Energy Technology
3:45pm	Metals markets: Fundamentals loosen for now, but deficits are around the corner Macroeconomic backdrop; Gold price trends Medium term outlook (to 2027) Industrial metals – Copper, Nickel, Zinc, Iron ore Battery metals – Lithium, Cobalt Ronnie Cecil, Principal Analyst, Metals & Mining
4:30pm	Ready for take-off?: status of low-carbon hydrogen in Europe As governments around the world race to put in place comprehensive policy frameworks for hydrogen we will review Europe’s role in the global hydrogen pipeline Future cost trajectories for electrolysis based hydrogen, and The outlook for hydrogen demand and supply Matthew Hodgkinson, Hydrogen Analyst
5:00pm	Conclusion and networking drinks reception