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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 2019 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: 
February 2021
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 CO2-free sources in the power mix of 37.7% in 2030 and 50% in 2050. It launched a three-year pilot phase of its national ETS market in January 2020.
  • The largest power generator is public company CFE, with 60% of the capacity, followed by Iberdrola (10%).
  • Pemex dominates the oil and gas production, but is facing financial difficulties.
  • Despite large reserves, the country is facing a rapid decrease in oil and gas production (> 5%/year since 2010).
  • Both gas and electricity prices are higher in Mexico than in the USA for industry, but are over 40% lower for households.
  • Total energy consumption has been decreasing since 2013. It is mainly made up of hydrocarbons (82%). Natural gas demand growth has slowed down since 2012.
  • 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.

21%

share of CO2 free sources in the power mix

+50 GW

additional power capacity needed by 2034

-50%

oil production since 2004

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 has been decreasing since a peak at 51 bcm in 2010 to 29 bcm in 2019 (-6%/year on average).

    As a consequence, total gas imports increased by 16%/year on average since 2010 and reached 57 bcm in 2019, around 93% of which came by pipeline from the USA and the remainder as LNG. In 2019, LNG imports came only from United States.

  • Energy Prices

    Electricity:

    Average electricity prices are US$9.4c/kWh for industry and US$7.6c/kWh for households (2020). Prices for industry are about 35% higher than those in the United States, whereas prices for households are roughly 50% lower.

  • Energy Consumption

    Total energy consumption per capita is 1.4 toe and electricity consumption per capita reached around 2 200 kWh (2019).

    Total energy consumption has been decreasing since 2013, by 1.3%/year over 2013-2019 to 178 Mtoe in 2019. It increased previously by 1.9%/year on average between 2000 and 2013.

    Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

  • Issues & Prospects

    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 worth US$92bn in March 2020. The package includes 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 (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • 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 (2019, %)
  • GRAPH 10: Final consumption market share by sector (2019, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2019, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2019, %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2019, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2019, %)

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 2019 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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