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Mexico energy report

Mexico energy report
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Format
4 files (PDF report, 3 Excel files)
Pages
66 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

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1 490 €

Overview

This analysis includes a comprehensive Mexico energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • The country targets a share of 38% of "clean" energy sources in the power mix in 2030 and 50% in 2050.
  • A new constitutional reform strengthens CFE's position in the power supply.
  • Two public companies dominate the energy sector: CFE, with 70% of power generation, and Pemex for oil and gas production.
  • Oil and gas production is decreasing since 2023 (6%/year).
  • The share of CO2 free power generation stood at 23% in 2025 (+5 pp since 2010).
  • Final energy consumption is stable since 2022.
  • From 2020 to 2023, prices of motor fuels and electricity have been rising by almost 15%/year.
  • Around 85 GW of new capacity will be necessary by 2038, mostly from wind (29%), solar (24%) and CCGT (21%).
  • The country is investing heavily in gas and refining infrastructures.
45%
share of CO2-free sources in the power mix in 2030
+40 GW
additional power capacity needed by 2036
-35%
GHG emissions reduction by 2030 (compared to BaU)

  • Energy & Climate Policy Framework

    SENER, Secretaría de Energía, is the Ministry that coordinates the energy sector.

  • Energy Companies

    Gas:

    Pemex dominates the gas production. In 2025 accounted for approximately 96% of total output, producing 3 337 MMcf/d (34.5 bcm).

    Mexico is becoming an important LNG export hub for the American natural gas. The country benefits from new investments, pipelines and LNG terminals. LNG exports started in 2024 with the Altamira project, and Costa Azul LNG shipped its first cargo in 2026.

  • Energy Supply & Demand

    Oil:

    Since 2023, oil production has decreased by 6%/year reaching 87 Mt in 2025, after a period of slow increase between 2020 and 2023 (+1%/year). Previously, between 2012 and 2020, it has declined by 5%/year.

  • Energy Use and Price by Sector

    Energy Prices in Transport:

    Gasoline price reached its highest level in 2024. In 2025, the price decreased by 8% to USD 1.2 per liter. A similar pattern was observed for diesel prices, which also peaked in 2024 before declining by 8% in 2025.

    Between 2020 and 2023, gasoline and diesel prices increased an average annual rate of 14%.

    Graph: Energy Prices in Transport (Taxes Included)

  • Issues & Prospects

    Electricity:

    The total capacity under development (38 GW) is nearly three times larger than the capacity currently under construction (13 GW). Natural gas accounts for the largest share of the capacity currently under construction with almost two thirds. Renewables for 37% of the capacity under construction, including 2 GW of solar (15%) and 1.9 GW of wind (13%).

  • Graph 1: Final Intensity to GDP
  • Graph 2: Primary Consumption Trends by Energy Source
  • Graph 3: Total Consumption Market Share by Energy (2025)
  • Graph 4: Installed Electric Capacity by Source
  • Graph 5: Installed Electric Capacity by Source (2025)
  • Graph 6: Gross Power Production by Source & Consumption
  • Graph 7: Power Generation by Source (2025)
  • Graph 8: CO2 Intensity of Electricity Generation
  • Graph 9: Crude Oil Production & Consumption
  • Graph 10: Petroleum Products Production & Consumption
  • Graph 11: Gas Production & Consumption
  • Graph 12: Coal Production & Consumption
  • Graph 13: Emissions of GHG and CO2 from Fuel Combustion
  • Graph 14: CO2-Emissions per Capita
  • Graph 15: CO2 Intensity to GDP
  • Graph 16: Final Demand Trends by Energy Source
  • Graph 17: Final Consumption by Sector
  • Graph 18: Final Consumption Market Share by Sector (2025)
  • Graph 19: Share of Electricity in Total Final Energy Consumption
  • Graph 20: Final Consumption in Industry by Energy Source
  • Graph 21: Energy Prices in Industry (Taxes Included)
  • Graph 22: Final Consumption in Transport by Energy Source
  • Graph 23: Energy Prices in Transport (Taxes Included)
  • Graph 24: Final Consumption in Residential, Services, Agriculture by Energy Source
  • Graph 25: Energy Prices in Residential (Taxes Included)
  • Graph 26: Upcoming New Capacity by Energy Source
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Mexico energy market data since 1990 and up to is included in the Excel file accompanying the Mexico country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Mexico Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Mexico energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Mexico country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.