Cambridge Energy Research Associates ®, Inc. (CERA ®) an IHS company, is a leading advisor to international energy companies, governments, financial institutions, and technology providers. CERA delivers critical knowledge and independent analysis on energy markets, geopolitics, industry trends, and strategy. Our services help decision makers anticipate the energy future and formulate timely, successful plans in the face of rapid changes and uncertainty. CERA is valued for our independence, fundamental research, foresight, and original thinking. Our unique integrated framework enables us to offer new insights ahead of conventional wisdom, providing a comprehensive "early warning system" that has a direct impact on investment, decision making, and performance.

CERA's expertise covers all major energy sectors--oil and refined products, natural gas, electric power, and clean energy and renewables--on a global and regional basis.

• China Energy
• European Gas
• European Power
• Global Liquefied Natural Gas
• Global Oil
• Latin America Energy
• North American Natural Gas
• North American Power
• Russian and Caspian Energy
• CERAView ® Institutional Investor

CERAView ®Institutional Investor provides timely, valuable, integrated insights from CERA?s global oil and North American gas and power research from the perspective and in the language of institutional investors. CERAView ® Institutional Investor focuses on market dynamics and trends, revealing key inflection points, near- and long-term trends, and their strategic implications. This service interprets CERA?s market views to help institutional investors determine current and future prospects for the industry as well as for various types of companies. Combining the insights from more of our regional services outside North America is the CERAView ® Institutional Investor International service.

In addition to its ongoing analytical and community-building efforts, CERA provides extensive custom consulting to its clients to help them formulate their specific strategies and tactics in the face of rapid change and uncertainty. CERA's custom consulting practice is distinguished by being insight and experience driven, not process driven. CERA works as a discreet partner with the highest levels of the client organization to help them make the "tough calls"-decisions that rely not only on CERA's robust analytical framework and deep understanding of the overall business landscape, but also on the practical experience and seasoned judgment of our experts.

PRINCIPAL/ANALYST
CERA's team of experts is headed by Daniel Yergin, Chairman and Pulitzer Prize-winning author of The Prize: The Epic Quest for Oil, Money and Power. Dr. Yergin is also coauthor of the critically acclaimed book The Commanding Heights: The Battle for the World Economy, which was produced as a three-part series for PBS.

Members also receive original and creative insights as part of a continuous dialogue between CERA experts and members through one-on-one communication, online web conferences, and in-person community events hosted by CERA.

Membership in CERA's Advisory Services is provided on an annual basis. Fees are determined by several factors and prepared for each member organization separately. Consulting fees are also prepared individually for each organization, and are determined by the scope of the project.

Cambridge Energy Research Associates ® (CERA)®
55 Cambridge Parkway
Cambridge, MA 02142
USA

Phone: +1 617 866 5000