Mexico’s energy and utilities sector has benefitted from increased openness and competition brought about by the 2013 energy reform. Although recent policy changes have sought to limit the involvement of foreign and private firms, there are still significant opportunities for investment, particularly as the national oil company struggles to reduce its debt. Although political risk and...
Mexico Energy
Chapter | Energy & Utilities from The Report: Mexico 2019
In 2018 Mexico’s economy ranked second in Latin America and 15th in the world in terms of GDP, which totalled $1.22trn, according to the World Bank. In 2019 the newly elected President Andrés Manuel López Obrador has pushed ahead with efforts to meet his pledge to tackle corruption and implement austerity measures within the government, to reduce costs and curb excessive expenditures.
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Following a coronavirus-related fall in crude prices, oil-producing nations have sought to calm global markets by announcing a significant production cut, with Mexico standing to benefit from a special dispensation in output after striking a deal with the US.
Interviews & Viewpoints | Tania Ortiz, CEO, IE nova: Interview from The Report: Mexico 2019
How do you assess the scope for renewable energy in Mexico, and what role can development banks play in developing this segment?
Articles & Analysis | Mexico turns to renewable energy in order to meet growing demand from The Report: Mexico 2019
Reform has led to new opportunities in Mexico’s energy sector, especially in terms of renewable power generation. The country has launched three auctions for solar and wind projects in recent years, with the first held in early 2016. However, President Andrés Manuel López Obrador – known by his acronym AMLO and who came to office in December 2018 – is not expected to support...
Articles & Analysis | Efforts to boost crude oil production set to revive Mexico's energy sector from The Report: Mexico 2019
Since the nationalisation of the oil industry and the establishment of state-run Petróleos Mexicanos (Pemex) in 1938, hydrocarbons production has been a significant driver of growth, and the energy and utilities sector remains a key cornerstone of Mexico’s economy. The sector has evolved rapidly in recent years after a comprehensive energy reform was introduced in December...
Articles & Analysis | Fuel storage capacity set to increase as natural gas distribution networks grow in Mexico from The Report: Mexico 2019
In addition to growing the transport network, increasing storage capacity and addressing fuel theft are priorities in the midstream energy segment. To this end, since the 2013 energy reform the government has commissioned work by companies such as Canadian firms TC Energy and ATCO to expand the natural gas network to keep up with rising demand and supply deficits in the south...
Articles & Analysis | Mexico's plans to upgrade existing new oil refineries and build a new facility from The Report: Mexico 2019
Since the 2013 energy reform, investors have found a range of opportunities in Mexico’s liberalised downstream energy sector. The new regulatory framework opened up former state-owned petrol stations to private operators and, more recently, has offered services companies the chance to be involved in the programme to upgrade the country’s refineries.