Mexico energy report

• The country targets a share of 50% of CO₂-free sources in the power mix in 2050.
• A constitutional reform is underway that would remove energy regulators and give 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.
• Despite large reserves, the country is facing a rapid decrease in gas production (~5%/year since 2010). After 15 years of decrease, oil production was stable in 2020.
• Industrial gas and electricity prices are higher in Mexico than in the USA, but electricity is 40% cheaper for households.
• Total energy consumption decreased slightly between 2013 and 2019 and dropped by 13% in 2020 because of the COVID pandemic. Hydrocarbons dominate the energy mix (83%).
• Around 50 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 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.

• 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

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

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2020, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2020, %)
• 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 (2020, %)
• GRAPH 10: Final consumption market share by sector (2020, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2020, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2020, %)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2020, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2020, %)

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.