PortlandPortland

By Nick Flitterman

Portland’s Cogswell at the Petroleum Economist’s LNG-to-Power Forum

Portland’s Ian Cogswell at the Petroleum Economist’s LNG-to-Power Forum

Portland was represented at the Petroleum Economists recent LNG to Power forum, held in London on 18th October.  Europe’s ambition to displace two-thirds of its Russian gas demand by the end of 2022, and eliminate its dependence well before 2030, is a game-changer for European LNG; for the continent’s gas-fired power sector; and will impact Africa, the MENA region and the rest of the world. The conference debated these issues across a range of panel discussions.  Ian is currently advising Portland clients on raising debt finance for LNG import terminals as well as clients raising debt for gas-based projects in Africa.  He shared his knowledge during the discussion specifically focusing on LNG-to-Power in Africa.

“LNG-to-Power in Africa: Time to Take Another Crack at the Nut” discussed a number of key topics, including:

  • Is now the time?
  • What are the current drivers for LNG, and gas, in sub-Saharan Africa and in North Africa?
  • Where are the most promising opportunities on the continent? And what are the biggest challenges?
  • Why hasn’t LNG-to-power taken off in Africa since January 2019?
  • Looking forward: how will LNG-to-power and gas-to-power fit within the continent’s green energy mix and objectives?
  • Structuring bankable projects

You can view the post-event report here.

By Nick Flitterman

Portland’s Cogswell joins Proximo’s Annual Project Finance Trends Review

Portland’s Ian Cogswell joins Proximo’s Annual Project Finance Trends Review

Once again, Ian Cogswell participated in Proximo’s Festive Trends Round-Up and Draft. This annual webinar looks back at the previous year and attempts to predict the most significant features of the project, energy and infrastructure finance markets in the year ahead.

Joining Ian and host, Tom Nelthorpe, were Michael Whalen, Managing Director at Berkeley Research Group, and Jonathan Yellen, Investment Director at OGCI Climate Investments.  Following the now traditional festive round-up format the panel discussed:

  • It’s time to pay more attention to methane
  • COP26 happened. Did it change much?
  • The oil and gas industry is far from out
  • Blended finance will be vital to new assets and markets
  • US infrastructure is going to be YUUUGE
  • Time to remember how inflation works
  • Hydrogen is going to take off very soon
  • Infrastructure funds are getting VERY aggressive
  • The post-pandemic working environment looks a lot like the pre-pandemic environment

The session is available to watch on demand at

https://www.proximoinfra.com/articles/8102/Proximos-Year-in-Review-The-festive-trends-round-up

Portland

By Nick Flitterman

Experienced senior bankers join Portland

Ian Cogswell and Alla Kruglyak Join Portland

Portland Advisers is pleased to announce that two new consultants have joined its growing team of
consultants and the firm has moved to new offices in London.

Ian has almost 25 years’ experience in project finance, specialising in the natural resources sector since 2002. His experience covers both lending and financial advisory for clients including the major Integrated Oil Companies; National Oil Companies; independent developers; investment funds; and Export Credit Agencies. Ian spent 12 years as Managing Director and Global Head of Natural Resources Project Finance at Natixis and more recently was the Head of Project Finance at ICBC London Branch before joining Portland.

Alla has 14 years’ experience in export finance both in advisory and arranging roles globally covering a wide range of sectors including telecom, energy, infrastructure, power, steel, mining & metals, oil and gas, financial institutions and sovereign debt. Prior to joining Portland, Alla worked for 14 years in Export and Agency Finance department at Citigroup and Barclays Capital, advising, structuring, arranging and syndicating ECA and DFI-backed transactions.

 

Portland has also moved to new offices at 110 Bishopsgate in the heart of the City of London.

Portland’s Cogswell at the Petroleum Economist’s LNG-to-Power Forum
Portland’s Cogswell joins Proximo’s Annual Project Finance Trends Review
Portland
Experienced senior bankers join Portland