energy policy strategy economics


Our Experience

Menecon Consulting offers independent, high-quality professional advice on a range of strategic, policy and economic issues affecting the energy business. Examples of recent projects are described below.

Oil and Gas

  • Are We Entering a Golden Age of Gas?: Assisted the IEA in preparing this special report on the propsects for natural gas to play an expanding role in meeting the world's growing energy needs, Click here to download a free copy from the IEA website.
  • Middle East and North Africa Oil and Gas: On behalf of the IEA, carried out a detailed analysis of trends in and prospects for oil and gas production and exports in the MENA region. This involved detailed modelling of energy trends and field-by-field oil and gas production. Work focused on Iraq, Saudi Arabia and Algeria. Results were published in the World Energy Outlook 2005 in November 2005 (see box).
  • Central Asian Gasoline Market: Advised a leading Japanese oil-trading firm on the medium-term potential for exporting gasoline from refineries in Central Asia.
  • Gas Supply Security in an Enlarged Europe: On behalf of the European Commission (DG TREN) and in collaboration with ECN, prepared a set of long-term scenarios of gas supply to an enlarged European Union and assessed their implications for supply security and policy.
  • China Gas Sector Reform: In the framework of an IEA review, advised the Chinese Government on natural gas sector policies aimed at promoting trade, investment and market development.
  • German Gas Market: On behalf of the European Federation of Energy Traders, assessed the implications of the Ruhrgas/E.On merger on the new firm’s ability to influence gas and electricity prices using a model of wholesale markets. Also prepared a proposal for reforming the access regime in Germany (with Frontier Economics).
  • Third Party Access in the Gas Industry: Assessed the impact of the introduction of third-party access to natural gas networks on the structure and evolution of the market, based on detailed case studies, for the Japan National Oil Corporation.
  • Australian Gas Market: Assessed the probable effects of regulatory and structural reforms on the long-term evolution of the eastern Australian gas market for a utility to support its long-term gas purchase contract negotiations.
  • Japanese Industrial Gas Sales: Evaluated the long-term potential for natural gas penetration of the industrial energy market in Japan for a leading oil company (with Booz Allen Hamilton).
  • Gas Tariff-Setting, South Africa: Advised the Greater Johannesburg Council on the establishment of a regulatory framework, including a tariff-setting mechanism, for the local gas distribution company (with Frontier Economics).
  • Gas Supply Security: Retained as an expert witness to give evidence on supply security and the role played by storage in the Western European natural gas industry on behalf of a major international oil company.

Liquefied Petroleum Gas (LPG)

  • Autogas Incentive Policies – Multi-Client Study: In conjunction with the World LP Gas Association, published in late 2005 a multi-client study on autogas incentive policies aimed at promoting autogas use in countries. The objective of this study is to compare current policies across these countries and to assess how they affect autogas use market development. Menecon Consulting prepared an update of the study in 2011 for the WLPGA, which was released in September 2011.
  • Autogas Taxation: On behalf of the Korean LPG Association, assessed the likely impact of the Korean Government’s current LPG-taxation policy on the evolution of the autogas market in Korea and, drawing on international experience, assessed the case for reforming that policy. The government accepted the findings of the report, presented to a high-level conference in Seoul, and subsequently announced that it would modify the taxation of transport fuels.
  • LP Gas and Sustainable Development: On behalf of the World Bank and the World LP Gas Association, drafted a major report on the current and potential contribution of LP Gas in meeting sustainable development goals, focusing on the environmental and social benefits of LP Gas and policy issues in promoting its use in the household sector in developing countries.
  • Rural LP Gas Market Development: Helped select pilot countries for the joint United Nations Development Programme/WLPGA Rural LPG Challenge initiative, aimed at promoting the development of LPG markets in developing countries.
  • Creating a Sustainable Autogas Market: On behalf of the World LP Gas Association, prepared a report on guidelines for policy-makers to promote the use of LP Gas as an automotive fuel, including the rationale for promoting autogas use and case studies of effective programmes.

Electricity

  • OECD Futures Programme: As part of a major OECD project on infrastructure, prepared two major papers on electricity investment needs and uncertianties - the first of which was published in July 2006.
  • Network rehabilitation project appraisal, Cuba: On behalf of the OPEC Fund, carried out an economic, financial, environmental, social and technical appraisal of a major project to rehabilitate and upgrade the electricity distribution network in Havana.
  • Electricity investment: On behalf of the OECD, analysed the long-term drivers of investment in the electricity scetor, focusing on network infrastructure. The first stage of the project, the results of which were published in July 2006 in Infrastructure to 2030: Telecom, Land Transport, Water and Electricity, focused on demand prospects and investment needs. The second stage, which will be pubslihed in early 2007, focused on the implicatsions for business models.
  • Electricity Pricing in CIS countries: Retained by the Energy Charter Secretariat to review electricity pricing polices in the CIS, to identify inefficiencies and to propose pricing reforms.

Renewable and Emerging Energy Technologies

  • IRENA Policy Brief: On behalf of the International Renewable Energy Agency (IRENA), prepared a policy brief on the economic impacts of renewable energy sources (to be published end-2011).
  • Bio-propane: Prepared a detailed report on the prospects for bio-propane supply and the threats and opportunities for the LP Gas industry.
  • Hydrogen Economy: On behalf of UNEP, prepared a publication that sets out, in non-technical language, the main issues surrounding the transition to a global energy system based on hydrogen. The document was released in early 2006.

Climate Change Policy

  • MCA4climate: Assisted UNEP in prepaing a final report on this major climate policy initiative, aimed at providing guidance to policymakers on evaluating climate policy options (to be released end- 2011).
  • Carbon abatament costs: Estimated the costs of actual carbon abatament measures in terms of effective carbon prices in Chile, as part of a major project for the OECD (to be published in 2012).

Energy Subsidies

  • Fossil-energy subsidies: As part of the OECD's ongoing work on energy subsidies, prepared profiles of government support to fossil fuels for around 20 member countries (published in 2011).
  • Energy subdidies: On behalf of the UNFCCC, prepared a report on the status of energy subsidies worldwide.
  • Guidelines for energy subsidy reform: Assisted UNECE in drawing up policy guidelines on reforming energy subsidies in the transition economies, which were presented to a Ministerial meeting in 2003.
  • Energy subsidy reform: Assessed the potential economic, environmental and social impact of reforming energy subsidies and presented the findings at regional on behalf of the IEA and UNEP, and drafted the Synthesis Report that was submitted to the 2001 UN-CSD Meeting in New York. Also prepared for UNEP a non-technical summary published in May 2002 and a comprehensive report published in March 2004. We prepared an update of the report in 2008.

Energy and Environmental Projections

  • IEA World Energy Outlook: Between 2000 and 2007 and in 2011, advised on the preparation of projections and drafted key several key sections of this flagship report of the International Energy Agency (IEA). The report is the leading source of projections of global energy demand, production, trade and energy-related emissions worldwide. The latest edition was released on 9 November 2011 (see box on the right).
  • OECD Environmental Outlook 2007: Drafted the energy chapter of this major study, summarising projections of energy consumption and the implications for greenhosue-gas emissions. The report was published in 2007.
 
Focus on the IEA's World Energy Outlook

Our products & services

 

Since 2000, Menecon Consulting has played a central role in assisting the International Energy Agency in preparing the annual World Energy Outlook - the world's leading source of global energy projections and one of the most widely-read energy publications.

The 2011 edition, released on 9 November, gives the latest energy demand and supply projections for different future scenarios, broken down by country, fuel and sector. It also gives special focus to such topical energy sector issues as:

• Russia's energy prospects and their implications for global markets.

• The role of coal in driving economic growth in an emissions-constrained world.

• The implications of a possible delay in oil and gas sector investment in the Middle East and North Africa.

• How high-carbon infrastructure “lock-in” is making the 2°C climate change goal more challenging and expensive to meet.

• The scale of fossil fuel subsidies and support for renewable energy and their impact on energy, economic and environmental trends.

• A “Low Nuclear Case” to investigate what a rapid slowdown in the use of nuclear power would mean for the global energy landscape. • The scale and type of investment needed to provide modern energy to the billions of the world’s poor that do not have it.

For more details, and to order your copy, go to www.worldenergyoutlook.org

Our experience
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