Mexico Energy Overview

Mexico's energy landscape is both diverse and dynamic, reflecting its status as a major player in the global energy market. In 2023, the country produced 6.296 million metric tons of coal and consumed 15.132 million metric tons, indicating a reliance on coal imports to meet its demands. Mexico's petroleum sector is robust, with a total petroleum production of 2.101 million barrels per day, while its crude oil reserves stand at an impressive 5.786 billion barrels as of 2021. The natural gas sector also plays a critical role, with consumption reaching 97.118 billion cubic meters in 2023, supported by significant imports and domestic production. Furthermore, the electricity sector in Mexico is characterized by a mix of energy sources, with 79.6% of its installed capacity derived from fossil fuels, while renewable energy sources like wind and solar contribute 5.7% and 4.2% respectively. With a total electrification rate of 100%, Mexico is committed to expanding and diversifying its energy resources to ensure sustainable growth.