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Mexico energy report

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 2021 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.

Mexico energy report
Update: 
August 2022
Format: 
4 files (PDF report, 3 Excel files)
Pages: 
43 (Report only)
Delivery: 

Immediate by e-mail

Price: 
 990 € 

Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 4 files by email (one pdf report and 3 excel files containing the datasets).

 

Highlights

  • 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.

25%

share of CO2 free sources in the power mix in 2021

+40 GW

additional power capacity needed by 2036

+4%

oil production since 2019 after a 35% decrease 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 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.

Table of Contents

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

Download the Table of Contents

List of Graphs

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, %)

List of Tables

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.

Data (Excel Sheet)

The Mexico energy market data since 1990 and up to 2021 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 report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.

 

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:

  • 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.

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