Energy geeks Mexico

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.

Which energy sources are used in Mexico?

In 2020, fossil fuels accounted for 64.50% of Mexico's installed electrical capacity and 72.15% of electrical generation. Additional electricity was generated by hydro (8.59%), wind (6.31%), solar (4.33%, up from 1.83% in 2019), biomass (3.49%), nuclear (3.48%), and geothermal energy (1.46%).

Will natural gas affect Mexico's energy supply?

This natural gas in turn supports 60% of Mexican power generation and amounts to 40% of Mexico’s primary energy supply, as analysis from the International Energy Agency shows. Any disruption to the flow of U.S. natural gas toward Mexico would bring industrial processes and much of power generation to a halt.

Does Mexico have geothermal energy?

Geothermal energy in Mexico has large potential but is largely unexplored. The Cerro Prieto geothermal field is among the largest geothermal generating stations in the world. A 2021 study found Mexico has approximately 22 TW of green hydrogen potential.

Where does Mexico's natural gas come from?

The United States supplies 70% of Mexico’s total natural gas consumption, of which 90% originates in Texas, according to Natural Gas Intelligence using data from the Energy Information Administration.

Does Mexico rely on US natural gas?

Mexico’s dependence on U.S. natural gas is far harder to address. Most imported natural gas arrives in Mexico through 24 cross-border pipelines, 15 of them in Texas. Mexico has liquified natural gas terminals capable of receiving shipments from other regions, but they are smaller and more expensive than pipeline gas.