IEF | GARP Global Energy Risk Forum

Energy Security and Transition in the New Risk Environment

June 13, 2022 | 7:00 PM - June 14, 2022 | 6:00 PM

Madrid

Overview

The International Energy Forum (IEF) and Global Association of Risk Professionals (GARP) will convene the IEF | GARP Global Energy Risk Forum June 13-14, 2022 in Madrid, Spain. The Forum invites senior energy and climate risk managers from government, industry, and research centers to deepen insight on the five themes explored in the virtual sessions IEF and GARP hosted during the pandemic. 


International collaboration successfully absorbed the demand shock that lockdowns dealt to world markets, and advanced global consensus on climate solutions. But a robust return of energy demand during the recovery and sustained weakening of oil and gas investment incentives steadily increases volatility, energy and commodity prices. As markets tighten, Russia’s invasion of Ukraine and the impact of sanctions on physical and financial interactions see prices spike and inflation soar. 


Though demand has returned to pre-pandemic levels the energy landscape has changed and casts supply-side and macroeconomic risks in sharp relief. This presents producers and consumers with new challenges for which a range of policy and risk management solutions to energy security and sustainability questions are being reevaluated and updated. To safeguard an inclusive global economic recovery and allow just and orderly energy transitions to succeed, these will be addressed in the following sessions:


  1. Emerging Threats to Energy Security: Managing the Transition with Resilience 
  2. Evolving Physical-Financial Energy Market Interactions: Extreme Volatility 2.0
  3. Transformative Trends in Energy Supply and Demand: What Has Changed? 
  4. Socially Responsible Business Practices and ESG Implementation: Governance

Venue

The Westin Palace, Madrid
Pl. de las Cortes, 7, 28014 Madrid, Spain

RSVP

Contact

Questions can be directed to GARP Events at events@garp.com.

Agenda

*Date and Time noted as

June 13, 2022

7:00 PM - 8:00 PM

Cocktail Hour

8:00 PM - 10:00 PM

Welcome and Keynote Dinner

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Sustainability in an Evolving Risk Environment: Challenges and Solutions During the Energy TransitionHosted by IEF

June 14, 2022

9:00 AM - 9:15 AM

Welcome and Scene Setting

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Speakers

Richard Apostolik, President and CEO, GARP

Paul Cusenza, Chairman & CEO, Nodal Exchange

Joseph McMonigle, Secretary General, International Energy Forum

9:15 AM - 10:30 AM

Protecting Energy Security and Managing the Transition

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Potential discussion points:
  • Markets facing simultaneous security and economic challenges
  • Cyber security implications: production process, infrastructure, grids, trading
  • Cost considerations across publicly owned and private sector areas
  • Mechanisms for emergency preparedness planning & response (spare capacity and strategic storage)

10:30 AM - 11:00 AM

Refreshment Break

11:00 AM - 12:30 PM

Transformative Trends in Energy Supply and Demand: What Has Changed?

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Potential discussion points:
  • Evolving investment and policy environment
  • What technologies support the future for energy?
  • Is 100% renewables possible?

Speakers

Dr. Carole Nakhle, Founder and Chief Executive Officer, Crystol Energy

Moderators

Novera Khan, Chief Risk Officer, Uniper

12:30 PM - 2:00 PM

Luncheon

2:00 PM - 3:30 PM

Socially Responsible Business Practices and ESG Implementation: Governance

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Potential discussion points:
  • Assume traditional risk/reward theory doesn’t apply here
  • True costs versus rule arbitrage (e.g. green washing)
  • Policy objectives focus less on decarbonization and more on pollution
  • Higher costs of capital for ESG projects, given regulatory delays and policy uncertainty

Speakers

Jean-Pascal Clémençon, Senior Vice President, Strategy and Markets, TotalEnergies

Ana Palacio, Former Spanish Foreign Minister & Executive Vice President, World Bank

Moderators

David Port, Partner, TDI Capital Advisors

3:30 PM - 3:45 PM

Refreshment Break

3:45 PM - 5:15 PM

Evolving Physical-Financial Energy Market Interactions: Extreme Volatility 2.0

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Potential discussion points:
  • Addressing challenges of extreme price volatility
  • Impact of financial flows into and out of energy (and other markets)
  • The key story for the 2020s decade: evolving energy markets in Asia
  • Why European energy markets are moving rapidly from physical to financial
  • North American market developments and the impact of infrastructure constraints on price relationships

Speakers

Helima Croft, Managing Director Head of Commodity Strategy Global, RBC Capital Markets

Moderators

Paul Cusenza, Chairman & CEO, Nodal Exchange

5:30 PM - 6:00 PM

Concluding Remarks

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Speakers

Paul Cusenza, Chairman & CEO, Nodal Exchange

Speakers/Moderators

Richard Apostolik

Richard Apostolik
President and CEO, GARP

Jean-Pascal Clémençon

Jean-Pascal Clémençon
Senior Vice President, Strategy and Markets, TotalEnergies

Helima Croft

Helima Croft
Managing Director Head of Commodity Strategy Global, RBC Capital Markets

Paul Cusenza

Paul Cusenza
Chairman & CEO, Nodal Exchange

Novera Khan

Novera Khan
Chief Risk Officer, Uniper

Joseph McMonigle

Joseph McMonigle
Secretary General, International Energy Forum

Dr. Carole Nakhle

Dr. Carole Nakhle
Founder and Chief Executive Officer, Crystol Energy

Ana Palacio

Ana Palacio
Former Spanish Foreign Minister & Executive Vice President, World Bank

David Port

David Port
Partner, TDI Capital Advisors

Steering Committee

Dr. Vincent Kaminski

Dr. Vincent Kaminski
Chairman, Professor, Practice of Energy Management, Rice University

Richard Apostolik

Richard Apostolik
President and CEO, GARP

Joseph McMonigle

Joseph McMonigle
Secretary General, IEF

Beth Gould Creller

Beth Gould Creller
SVP, Sustainability and Climate Risk (SCR) Program, GARP

Christof van Agt

Christof van Agt
Director, Energy Dialogue, IEF

Earl Burns, Jr.

Earl Burns, Jr.
GM Crush & Fiber, Archer Daniels Midland

Paul Cusenza

Paul Cusenza
Chairman & CEO, Nodal Exchange

Novera Khan

Novera Khan
Chief Risk Officer, Uniper SE Board Member, Uniper Global Commodities SE

Tatiana Mitrova

Tatiana Mitrova
Board Member, Schlumberger

Ed Morse

Ed Morse
Global Head of Commodity Research, Citi

Carole Nakhle

Carole Nakhle
CEO, Crystol Energy

David Port

David Port
Partner, TDI Capital Advisors

Gary Taylor

Gary Taylor
Global Head of Risk Transformation, Shell Supply & Trading

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