Can Mexico achieve its energy potential?

Mexico has a large and diversified base of resources that could offer one of the lowest energy costs in the world. The energy transition could help the country achieve its potential. Global energy systems trends have an impact on every country’s domestic energy prospects—and Mexico is no exception.

What is the Energy Outlook for Mexico in 2023?

As of the March 2023 Short-Term Energy Outlook, we forecast that Mexico’s petroleum and other liquids production will average 1.93 million b/d in 2023 and 1.91 million b/d in 2024. U.S. natural gas exports to Mexico via pipeline have increased more than 400% since 2011.

How can Mexico achieve energy savings?

Ultimately, choosing the right path can help Mexico achieve the median global energy expenditure per unit of energy, resulting in savings of $7 billion to $8 billion per year. The energy sector is at a crossroads, and players in Mexico’s energy industry will need to address the coming transition.

How much energy does Mexico use?

This page is part of Global Energy Monitor 's Latin America Energy Portal. Mexico derives more than 80% of its total energy supply from fossil fuels. In 2019, oil contributed 45.20%, followed by natural gas (37.84%), coal (6.44%), biofuels (5.02%), wind and solar (2.75%), nuclear (1.62%), and hydro power (1.13%).

Will Mexico's first female president strengthen its energy sector again?

The historic arrival of the first female president as the ruler of Mexico marks an important milestone in the history of the country and all of Latin America. The energy and renewable sector is not immune to this milestone and looks with hope and optimism toward a possible change in direction that could strengthen it once again.

Who is responsible for energy policy in Mexico?

SENER (Secretaría de Energía) is the Mexican government authority in charge of energy policy. SEMARNAT (Secretaría de Medio Ambiente y Recursos Naturales) is Mexico's main environmental authority, responsible for all aspects of environmental policy.