Mexico energy report

• The country targets a share of 50% of CO₂-free sources in the power mix in 2050.
• The constitutional reform that would remove energy regulators has been rejected by the Congress. A new electricity law gives a greater role to CFE in the power supply.
• CFE is the largest power producer, with 2/3 of power generation.
• Pemex dominates the oil and gas production but is facing financial difficulties.
• After 15 years of decrease, oil production is growing again since 2019. Similarly, gas production grew in 2020 and was stable in 2021, after 10 years of sharp decrease (-5%/year).
• Motor fuel prices are about 40% higher than in the US.
• Electricity prices for industry increased by 70% in 2021 due to gas prices rise and are about 2.5 times higher than in the US. For households the progression was much lower (+33% since 2019) and are 30% cheaper than in the US.
• Total energy consumption remained stable in 2021 after a drop by 10% in 2020 and a slight decrease between 2013 and 2019.
• Hydrocarbons dominate the energy mix (83%) with an increasing share of gas (+8 pp) and a reduction for oil (-9 pp).
• Around 40 GW of additional capacity will be necessary over the next 15 years to meet the growing power demand, with a large contribution of CCGTs and renewables.
• The country is investing heavily in gas infrastructures and in renovating and expanding its refining capacity.

• 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 increased by 5% in 2020 and remained stable in 2021 to 34 bcm. Previously, it fell by 4.9%/year on average between a peak level of 51 bcm in 2010 and 2019.

• Energy Prices

  Gas:

  Average gas prices were approximately US$1.1c/kWh for industry and US$2.1c/kWh for households (2020). Gas prices for households are around 50% lower than in the United States.

• Energy Consumption

  Total energy consumption per capita is 1.3 toe and electricity consumption per capita reached around 2 200 kWh (2021).

  Total energy consumption remained stable in 2021 after a sharp 10% reduction in 2020 due to the COVID-19 pandemic to 167 Mtoe (corresponding to 2003 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.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

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Below is a list of the Mexico energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2021, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2021, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Gas prices for industry and households (US$c/kWh GCV)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2021, %)
• GRAPH 10: Final consumption market share by sector (2021, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2021, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2021, %)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2021, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2021, %)

In the Mexico energy market report you will find the following tables:

• 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.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

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.