22%
share of CO2 free sources in the power mix in 2020
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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 2020 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.
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Highlights
22%
share of CO2 free sources in the power mix in 2020
+50 GW
additional power capacity needed by 2034
-35%
oil production since 2010
Abstract
Institutions & Energy Policy
SENER, Secretaría de Energía, is the Ministry that coordinates the energy sector.
CRE (Comisión Reguladora de Energía) is in charge of regulating the gas and electricity sectors since 1995.
Energy Companies
Oil:
State-owned company Pemex dominates the production (tenth largest world oil producer), transformation, and distribution of crude oil and oil products. In 2008, the Senate adopted a bill opening Pemex to foreign capital and gave Pemex greater managerial and financial autonomy.
Energy Supply
Gas:
Gas production fell from a peak of 51 bcm in 2010 to 31 bcm in 2020 (-4.9%/year on average).
Due to decreasing gas consumption following the COVID-19 pandemic, total gas imports decreased in 2020, after an increase of 14%/year on average since 2010. In 2020, they reached 48 bcm. In 2019 and 2020, imports as LNG and pipe came only from United States.
Energy Prices
Oil:
Gasoline and diesel prices increased by 8% and 11% in 2019, but decreased by 17% in 2020 to reach US$0.83/l and US$0.91/l, respectively. In 2020, they are about 20% higher than in the United States for gasoline and 35% higher for diesel.
Energy Consumption
Total energy consumption per capita is 1.2 toe and electricity consumption per capita reached around 2 200 kWh (2020).
The COVID-19 pandemic was responsible for a sharp 13% reduction in total energy consumption to 161 Mtoe, which corresponds to 2002 levels. Previously, total energy consumption had been decreasing slightly since 2013 (by 0.6%/year over 2013-2019).
Issues & Prospects
In 2020, discussions between the business coordinating council (CCE) and energy companies such as Shell, IEnova, Sempra Energy, Enel, and Engie have led to the proposal of an energy investment package (US$92bn), including 275 projects to be developed between 2020 and 2024. Projects include power generation, storage, transportation, and exploration and production of gas.
Below is a list of the Mexico energy market report graphs:
In the Mexico energy market report you will find the following tables:
The Mexico energy market data since 1990 and up to 2020 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:
The Mexico country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Mexico country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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