WSG N. America Region Discussion:
War in Ukraine - Impacts on the Energy Industry, Cybersecurity & Sanctions Enforcement

  • When: 09 June 2022
  • Where: Virtual

The WSG North America Regional Council hosted a regional update round table discussion with industry experts discussing the impact that the war in Ukraine is having on the oil & gas markets, energy security and transition, cybersecurity and sanctions enforcement.

Overview

WSG North America Region Discussion: War in Ukraine - Impacts on the Energy Industry, Cybersecurity & Sanctions Enforcement

The WSG North America Regional Council hosted a regional update round table discussion with industry experts discussing the impact that the war in Ukraine is having on the oil & gas markets, energy security and transition, cybersecurity and sanctions enforcement.

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Webinar Takeaways

  1. Currently, Russian gas imports meet approximately 1/3 of Europe's gas demands, and some European countries are entirely dependent on gas and crude imports from Russia. Until new volumes of LNG from the US and Qatar become available, which is not expected until 2026, there will be no alternative gas volumes available for the next 4 years. Therefore, high gas and power prices and supply shortages are likely to continue for the next 4 years.
  2. Europe's concerns with respect to energy security is accelerating renewables investment. For example, the UK and Germany have both set even more aggressive targets for renewable investments in the wake of Russia's invasion of Ukraine. However, fossil fuels will continue to play a substantial role in Europe for the immediate future.
  3. In today's rapidly evolving landscape of cyber risk, businesses need to plan carefully (and with the assistance of experienced counsel) to manage the legal and business risks of inevitable cyber intrusions.

MODERATOR:

name

Ricardo Garcia-Moreno

Partner
Haynes and Boone

SPEAKERS:

name

Manny Vedi

Senior Vice President
Houlihan Lokey

name

Thomas Brown

Managing Director and Global Leader of Cybersecurity and Investigations Practice
BRG

name

Alejandro Cruz

Partner
Patterson Belknap Webb & Tyler LLP

name

Anna Nerush

Partner
Haynes and Boone

name

Ryan Patrick

Partner
Haynes and Boone

Hosted By:

WSG
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