Mexico energy report

• 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.

• 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.

• 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 (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, %)

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.