Gas, LNG & The Future of Energy 2023

Gavin Thompson

Vice Chairman, Energy – Europe, Middle East & Africa

Wood Mackenzie

Gavin joined Wood Mackenzie in 1997. His expertise spans across the Asia Pacific commodity sectors, and in particular, helping companies identify and build their international growth strategies. He has led a range of consultancy and research projects with domestic and international energy companies across the region, providing LNG project evaluation and provincial gas price forecasting. In 2017, Gavin took the role of Head of Asia Pacific research, and led a team of around 100 analysts. Most recently in 2019, Gavin was appointed Vice Chairman, Energy for the company's Asia Pacific business. He is based in Singapore and frequently travels the region to meet with clients.

Giles Farrer

Head of Gas and LNG Asset Research

Wood Mackenzie

Giles heads our LNG and gas asset research team and manages our market-leading LNG Service & Tool and LNG Corporate Service. He has nearly twenty years of experience in the energy industry, with the last fifteen focused on gas and LNG. He has built a deep understanding of all commercial aspects of the industry including supply, asset valuation, shipping, demand, contracts and gas infrastructure. As part of his role, Giles provides expert insight, advice and data on the LNG market to customers around the world, and provides support to our global gas service, tool and model products. When he first joined Wood Mackenzie, Giles worked in our upstream group covering the Middle East and South Asia. He previously worked for Evaluate Energy in London.

Eirik Wærness

Senior Vice President and Chief Economist

Equinor

Eirik is Senior Vice President and Chief Economist at Equinor, and as head of Global External Analysis, his group is responsible for: - Macroeconomics - Energy and commodity market analyses - Geopolitics - Competitive intelligence - Market policy and regulation Eirik is responsible for all 13 editions of Equinor’s Energy Perspectives. He has broad experience from government, academics and private sector companies. At Equinor, he is leading the Corporate Strategy, Corporate Planning and Analysis, Economic Analysis in Upstream Norway, Energy Market Analysis, in addition to his current role. External representations: - Board member of IOGP Europe - Member of World Economic Forum’s Chief Economists Community - Non-resident fellow at Payne Institute, Colorado School of Mines

Christopher Buckingham

Director, Project Finance

MUFG

Chris joined MUFG in 2019 and is a Director in the New York based Americas Project Finance group. He is responsible for developing and delivering debt financing solutions for energy projects, with focus areas of LNG, petrochemicals, midstream, and renewable fuels. He is based in New York. Prior to Joining MUFG, he was a Vice President at J.P. Morgan. Chris regularly works with clients in the midstream and LNG space and has assisted clients with landmark project financing transactions in the bank loan and project bond markets globally.

Gavin Law

Head of Gas and Power Consulting

Wood Mackenzie

Gavin’s expertise lies in assisting diverse energy companies to identify risks and opportunities in their business, and supporting them in building strategies to exploit changing market opportunities. Most recently, he has been directing our landmark upstream carbon emissions study, working with the world's leading oil and gas companies to evaluate upstream emissions and impact on future value. In his 24 years at Wood Mackenzie, Gavin has built trusted relationships within the leading gas and LNG companies worldwide. His research background enables him to blend a seasoned operational perspective with insight into the latest market trends and issues. He has played a key role in a wide range of high profile consulting projects and industry events related to the global gas and LNG market. Prior to his current role, Gavin was Head of Global LNG, responsible for both research and consulting. He developed a holistic strategy for LNG business and built relationships with the leading global LNG importers. Gavin began his career at BG Plc and has worked as an independent consultant.

Fraser Carson

Senior Research Analyst, Global LNG

Wood Mackenzie

Fraser has extensive research and project management experience across the LNG value chain. He leads Wood Mackenzie’s research of LNG shipping assets, leveraging our unrivalled global LNG data to produce considered and independent analysis of LNG shipping markets, costs and trade. He is also a specialist in LNG asset valuations and project economics for the EMEA region and has participated in a wide range of consulting projects, including new business development, market advisory, opportunity screenings and cost benchmarking. In addition to his LNG asset responsibilities, Fraser is heavily involved in modelling Wood Mackenzie’s bi-annual, long-term global gas forecasts, taking primary ownerships of the global LNG view within each outlook. Fraser joined Wood Mackenzie in October 2018 and is based in Spain. He previously worked in corporate finance and restructuring for the Royal Bank of Scotland (now NatWest Group), based in Edinburgh.

Simon Flowers

Chairman, Chief Analyst and author of The Edge

Wood Mackenzie

Simon has a long history with Wood Mackenzie. He first joined the company in 1983, as a North-West Europe upstream analyst, later moving to Sydney to become an equity analyst covering the Australian oil, gas and mining sectors. On returning to the UK in 1992, Simon was a No.1 ranked oil analyst with NatWest Markets after which he took on the role of MD and Head of Pan European Utilities Research with Bank of America Merrill Lynch. There he worked with the boards of many utility companies and was involved in most of the major European privatisations, including Enel, EdF and GdF. Simon re-joined Wood Mackenzie in 2010, bringing with him more than 20 years of experience across a breadth of commodities and sectors including oil and gas, utilities and mining. His experience makes him uniquely qualified to occupy the role of Chief Analyst and Chairman, which sees him produce high-value content and thematic research. Simon’s views on the issues shaping the energy world are regularly sought by industry leaders as well as international media.

Kateryna Filippenko

Research Director, Global Gas Markets

Wood Mackenzie

Kateryna joined Wood Mackenzie's upstream research team in 2012 and moved to the global gas and LNG team in 2019. Her focus is on the European gas market and the development of alternative scenarios. Kateryna has considerable research and consulting experience in European gas. She regularly meets with oil and gas producers, service companies, banks and other actors to discuss industry developments. Kateryna frequently takes part in client briefings on key topics.

Massimo Di Odoardo

Vice President, Gas and LNG Research

Wood Mackenzie

Massimo brings extensive knowledge of the entire gas industry value chain to his current position as Vice President of Gas and LNG Research. Massimo joined Wood Mackenzie in 2007 as a consultant, where he advised NOCs, IOCs and European utilities on global gas and pricing dynamics. He later transitioned to the research division, where he soon became the content lead for European gas and then for global gas and LNG, responsible for articulating our view on market fundamentals, pricing dynamics and corporate developments. Before joining Wood Mackenzie, Massimo worked in the strategy department at Eni SpA, where he was responsible for developing global gas scenario analyses to support strategic investments. Massimo speaks regularly at conferences and with media, and remains deeply engaged with the industry. Travelling to see and discuss market dynamics with customers is at the heart of his job, enabling him to constantly challenge and evolve his own view of the global gas and LNG market.

Didier Holleaux

Executive Vice President

Engie

After graduating as an Engineer (Ecole Polytechnique and Ecole Nationale des Mines de Paris), Didier HOLLEAUX started to work as an Engineer in the car-manufacturing and in the oil industry. He then made a career in the French Civil Service which led him to the position of head of the departmental staff (“Directeur de Cabinet”) of the Energy Minister (1992-1993). Didier HOLLEAUX joined Gaz de France (merged in GDF SUEZ in 2008 and renamed as ENGIE in 2015), in 1993. Since then, he held different managing positions in the transmission, distribution, and LNG businesses of the company. He also founded and managed the North Sea Exploration and Production (1997-2000) and managed the worldwide Exploration and Production of the group (2007-2015). Since 1st of July 2015, he is Executive Vice President of ENGIE. He is currently in charge of special projects particularly in the field of renewable gases, gas supply, and external representation. Since June 2021, he is President of EUROGAS, the European Gas Industry association.

Frank Harris

Head of Global LNG Consulting

Wood Mackenzie

Frank leads our LNG consulting practice worldwide; he brings almost 25 years of expertise in strategy development and market analysis together with profound knowledge and understanding of the global business. A recognised expert on the global LNG industry, Frank has worked with many leading utilities and midstream and downstream gas companies on market positioning, trends and forecasting as well as project development. He has also advised upstream clients on developing integrated gas strategies. For National Oil Companies, Frank has worked on gas monetisation strategies, with particular focus on LNG project development; he has supported multiple LNG facility financing projects. Frank has considerable knowledge of advising on the procurement and sale of LNG and is a founder of our LNG Service. Early in his career, he worked for Andersen Consulting’s utilities team on energy market liberalisation. He is familiar with gas markets across Europe, Asia, the Middle East, Australasia and the Americas.

Andy Inglis

Chairman and CEO

Kosmos Energy

Andrew G. (Andy) Inglis joined Kosmos on March 1, 2014 as chief executive officer and chairman of the board of directors. With more than 30 years of experience, he is one of the most respected upstream executives in the oil and gas industry. Mr. Inglis came to Kosmos most recently from Petrofac where he was chief executive of the Integrated Energy Services business and a member of the board of directors. Prior to Petrofac, he spent 30 years with BP, most recently as CEO of its exploration and production business. He was an executive director on the BP board between 2007 and 2010. From 2004 to 2007, he was BP executive vice president and deputy chief executive of exploration and production, with responsibility for BP's growth areas, including Azerbaijan, Angola, Algeria, Gulf of Mexico, Egypt, Trinidad, and the Asia-Pacific region. He is a former non-executive director of BAE Systems plc and TNK-BP Ltd. Mr. Inglis holds a master’s degree in Engineering from Pembroke College, Cambridge University. He is a Chartered Mechanical Engineer, a Fellow of the Institution of Mechanical Engineers, and a Fellow of the Royal Academy of Engineering.

Eric McGuire

Director, Natural Gas and LNG Analytics

Wood Mackenzie

Georges Tijbosch

CEO

MIQ

Georges is the former Director of Origination at Centrica, where he managed the team responsible for Centrica’s large gas and power transactions. These included strategic gas supply deals, the strategic acquisition of innovative power trader NEAS Trading, and European green certificate deals. Before that, Georges was a director for ten years at London investment bank commodity trading desks. His previous positions include Director of Energy Sales at Goldman Sachs, Head of EMEA Energy Marketing at Bank of America Merrill Lynch, and Head of EMEA Commodity Finance at JP Morgan. Georges began his career in 1996 at BP Benelux as Sales and Marketing Manager for fuels and lubricants, and joined BP’s London trading floor in 2000 as Senior Marketer, Oil Derivatives. He holds a master’s degree in chemical engineering from the Université Libre de Bruxelles, Belgium.

Dulles Wang

Director, Americas Gas and LNG Research

Wood Mackenzie

As a director on our Americas Gas and LNG Research team, Dulles delivers analysis of all aspects of the natural gas value chain, and explores how changing market dynamics affect gas prices and market opportunities. Dulles’ industry experience spans private and public sectors, starting with natural gas consulting at The Brattle Group, and fuels fundamental analysis and physical gas scheduling at NRG Energy. Prior to joining Wood Mackenzie, he was an energy markets regulator at the Alberta Securities Commission, providing primary regulatory oversight of what is now ICE NGX.

Vassilios Maroulis

Managing Director, Global Head Shipping, Logistics & Offshore

Citi Group

Vassilios joined Citi in 2005 and heads Citi’s Shipping, Logistics and Offshore business globally. He has worked on a number of transactions across a wide variety of segments across the Shipping, Logistics & Offshore space. Vassilios graduated from University College London with a Masters in Naval Architecture and Marine Engineering. He subsequently received an MSc in Ocean Systems Management from MIT.

Cristian Signoretto

Deputy COO Natural Resources, Director Global Gas & LNG Portfolio

Eni

Cristian was born in Verona in 1974, he is married and has three children. He was appointed Deputy of Chief Operating Officer Natural Resources and also Director Global Gas & LNG Portfolio of Eni on July 1, 2020. After graduating in Mechanical Engineering in 1999 from the Politecnico di Milano, he did his military service as officer in the Italian Army. In 2000, he was awarded a scholarship for a research doctorate at the Politecnico di Milano’s Department of Energy, where he was involved in research projects and teaching activities. In 2001 he joined McKinsey. He graduated with a Master’s degree in Business Administration from Columbia University in New York in 2005. After a brief stint at Citigroup in New York, he continued his career in McKinsey, mainly working on projects in the Oil & Gas and Banking & Insurance sectors. He joined Eni in 2007, in the Office of the CEO supporting the Top Management in defining corporate strategies and overseeing specific projects at group level. Between 2008 and 2016, he worked he worked in Eni's Gas & Power business, first as Senior Vice President International Sales and later as Executive Vice President International Markets and LNG. In November 2016, he took the position of Executive Vice President Portfolio Strategy & Long Term Gas Negotiations in the Midstream business with responsibility for managing the gas supply portfolio and long-term relationships with gas suppliers. In February 2018, he became Executive Vice President of the Gas Business Unit with responsibility for the entire midstream gas value chain, including marketing and trading activities. In April 2019, he was appointed Chief Gas & Lng Marketing and Power Officer of Eni. He is the Chairman and Chief Executive Officer of Eni Global Energy Markets S.p.A. (the wholly owned subsidiary of Eni responsible for all gas, LNG, power and CO2 trading and origination activities). He’s a member of the Board of Directors for BlueStream which is a joint venture between Eni and Gazprom. He is President of Proxigas, the National Association of Gas Industries, and a member of the General Council of Confindustria. He is also a member of the Board of Directors of Eurogas, the European Association of gas companies, as well as of the Executive Committee of GIIGNL, the International Group of Liquefied Natural Gas Importers.

Simon Crowe

CFO

Wood Mackenzie

Valerie Purvis

Executive Vice President, Head of Commodities

Wood Mackenzie

Valerie Purvis leads the Chemicals, Metals and Mining, Oils, Gas and LNG divisions at Wood Mackenzie. Val’s teams provide customers with unique data and insight that drives smarter, more strategic decision-making. She builds and strengthens customer relationships, enhancing Wood Mackenzie’s reputation as a leader and trusted partner in the natural resources industry. Val joined the Chemicals division in 2016 to lead the integration of Wood Mackenzie’s acquisition of PCI – a consortium of five specialist chemicals companies. Under her leadership, the combined division has begun generating profits and shown a compounded annual growth rate of 15% over four years. Since then, Val has expanded her leadership remit to other commodity divisions of the business. Her first position with Wood Mackenzie was leading a team of Upstream energy analysts, focusing on exploration and production in the Gulf of Mexico. She went on to lead multiple teams at the company in Russia and the Caspian Sea. Prior to joining Wood Mackenzie, Val was a geophysicist in the upstream oil and gas industry. She gained experience working in numerous offshore locations, with a focus on Nigeria and the South China Sea. In addition to her primary roles, Val is the executive sponsor of the sustainability initiative at Wood Mackenzie. Val holds a BSc with Honours in Geoscience from the University of St. Andrews.

Elio Ruggeri

Managing Director

Snam FSRU Italia

Elio Ruggeri is a Senior Vice President at Snam. He is in charge of the LNG Business at Snam, one of the largest European transmission system operators. In his current role, Elio supervises existing assets and global development opportunities, serving as Chairman and/or CEO of the group’ LNG assets companies. Previously, as SVP International Assets, he managed Snam’s participation in various European energy companies, serving as board member in DESFA, IUK and Terega. Prior to joining Snam, Elio was SVP for gas supply and infrastructures at Edison SpA, where he spent almost 20 years with increasing responsibilities across the various elements of the gas value chain.

Nicole Papaioannou

Director, Gas and Power

Wood Mackenzie

Nicole brings substantial experience as a technical and commercial advisor in the midstream LNG and downstream gas transportation industry. Her focus lies across the complete LNG value chain, including project development (liquefaction or regasification), and associated project financing. She is also expert in commercial agreements. Having led transactions and due diligence studies for major gas pipeline systems, Nicole is adept at advising on LNG export and LNG-to-Power projects. Recently, she spent more than three years advising a leading Sub-Saharan government on its negotiating strategy with operators, providing technical understanding of upstream gas production and midstream LNG/gas marketing. Nicole previously worked for Mott MacDonald in sub-Saharan Africa, Latin America and Europe.

Ben Daniel

Chief of Staff

Global Infrastructure Partners (GIP)

Ben Daniel joined GIP in 2012 and is GIP’s Chief of Staff. He is also an Investment Principal focusing on the energy sector including natural gas, crude oil, refined products, and LNG. He is based in New York. Prior to joining GIP in 2012, Mr. Daniel was a Vice President at Bluescape Resources, focused on unconventional oil and gas resource investing in the Marcellus and Eagle Ford Shale plays. Prior to Bluescape, he was a consultant at McKinsey and Company, working primarily with oil and gas clients. Mr. Daniel holds a Bachelor of Science with Honors in Mathematics and Master of Arts in Philosophy from Stanford University.

Miaoru Huang

Research Director, Asia Pacific Gas and LNG

Wood Mackenzie

Miaoru Huang leads our Northeast Asia gas research. With around 15 years of experience in energy markets, she provides commercial insight into the short- and long-term gas and LNG markets, analysing price drivers and fundamental supply-demand trends, as well as how market participants navigate through market development. Miaoru joined Wood Mackenzie in 2016. Previously, she spent seven years with Rio Tinto, where she was responsible for energy and climate strategy advisory. She also supported investment assessment, power procurement negotiation and metal products marketing.

Kristy Kramer

Head of Gas & LNG Consulting

Wood Mackenzie

Kristy brings over fifteen years of gas and energy industry experience to her current role leading Wood Mackenzie’s Gas and LNG Consulting Practice. Kristy joined our consulting practice in 2016, working with clients to evaluate investment opportunities, design portfolio strategies and support project financing. She later transitioned to lead a global gas and LNG research team, delivering fundamental supply, demand and pricing analysis across global and regional gas markets, before returning to consulting. In her time at Wood Mackenzie, Kristy has worked with a wide range of clients through the gas and LNG value chain and across the globe. Earlier in her career, Kristy spent eight years at ExxonMobil, where she held a number of roles with responsibilities including leading deal evaluation and developing portfolio strategies for both proprietary gas and joint venture LNG assets.

Pablo Galante Escobar

Head of LNG, EMEA Gas & Power

Vitol

Pablo Galante Escobar is Head of LNG as well as overseeing all European, Middle East and Africa gas and power operations at Vitol. Pablo has over 20 years’ experience in the energy sector and is a member of the Vitol Executive board. He began his career at BP Venezuela in 1996, before moving to London in 1999 where he became head of West Africa crude trading at BP. He joined Vitol in January 2006. During his time with Vitol Pablo traded crude across multiple regions, before becoming head of LNG in 2016. Pablo has an Honours degree in Economics from UCAB in Caracas.

Patrick Pouyanné

Chairman of the Board and CEO

TotalEnergies

A Graduate of Ecole Polytechnique and Chief Engineer of the French Corps des Mines, Patrick Pouyanné held various positions in the French Industry Ministry and in ministerial offices from 1989 to 1996, including Environment and Industry Technical Advisor to the Prime minister from 1993 to 1995 and Chief of Staff to the information technology and space minister from 1995 to 1996. Patrick Pouyanné joined the company TotalEnergies (ex Total) in January 1997, with positions in Angola and Qatar in 1999. In August 2002, he was named Senior Vice President, Finance, Economics and Information Systems in Exploration & Production, then Senior Vice President, Strategy, Business Development and R&D in Exploration & Production in 2006. In January 2012, he was appointed President, Refining & Chemicals and member of the Executive Committee. On October 22nd, 2014, the Board of Directors appointed Patrick Pouyanné as Chief Executive Officer, and he became simultaneously President of the Executive Committee. On May 29th, 2015, Patrick Pouyanné was appointed at the Board of Directors and on December 16th, 2015, he was appointed Chairman of the Board of Directors and Chief Executive Officer. Patrick Pouyanné is also member of the Board of Cap Gemini, Association Française des Entreprises Privées (AFEP), Institut du Monde Arabe, Ecole Polytechnique and Institut Polytechnique of Paris. Patrick Pouyanné is President of the Alliance for Education, French association against dropping out of school. Patrick Pouyanné is President of the Association Française des Entreprises pour l’Environnement He has been a Knight of the Legion of Honor since April 2015.

Andrew Pearson

Global Head, Gas & LNG Fundamentals Research

Wood Mackenzie

Andrew is the Head of our Gas & LNG business and is responsible for its strategic direction and operational success. He has lived and worked in Europe and the US operating in various leadership roles across the gas, power and renewables, coal and oil markets. He first joined Wood Mackenzie in 2001 and was initially in our Middle East Upstream Research team, before moving into the Commodities business in 2005 to establish our LNG research offerings. Prior to joining Wood Mackenzie, Andrew worked as a geologist in the North Sea. Andrew holds a MSc from the University of Newcastle upon Tyne and a BSc (Hons) from the University of Aberdeen.

Jonty Shepard

VP of Global LNG Trading and Origination

bp

Jonty joined bp Oil in 1992, where he performed several roles in operations, trading, and refining. In 1998 he took over the business development team looking after the Former Soviet Union, Mediterranean and Africa. During this period, he took on the role of bp nominated director in the setup of a new internet company the Intercontinental Exchange. In 2001 Jonty moved to Vietnam to be the marketing manager for upstream. In this role, he was responsible for negotiating gas sales agreements with the State Oil and Power companies and working with the World Bank to finance new Power stations. Following this, he moved to Angola where he was the commercial manager for bp’s first deep-water oil development. Prior to his current role, Jonty was the executive assistant for the head of Integrated Supply & Trading, then Group Strategy, in the corporate centre. Jonty took over as global head of LNG for bp in 2006 with a responsibility for the management of bp equity production in Trinidad, Egypt and North West Shelf, merchant supply from Freeport, Coral, Oman, and other sources. There are significant future projects coming online including Tortue in Mauretania and Senegal and Calcassieu Pass in the USA. The portfolio includes a fleet of up to 35 LNG carriers, regas facilities in the UK, Spain and Italy, as well as long term customer contracts globally.