Mexico gas, power and renewables strategic planning outlook
After more than a decade of continuous US-to-Mexico gas export growth, 2022 recorded a decrease of 4% year-on-year, displaced by increased indigenous output. Mexico’s non-associated supply boosted domestic production to levels not seen since 2017. While wind and solar generation shares grow, the current regulatory environment stalls short-term renewable capacity additions and delays achievement of clean energy goals. Gas combined cycles remain the key dispatchable source, holding around 50% of the energy matrix share throughout the period. In this Mexico gas, power and renewable strategic planning outlook report, we discuss: • How will indigenous production develop in the upcoming years? • Will lower GDP expectations impact the energy markets? • How do Mexico’s LNG exports change over the forecast period? • How do gas prices shape LMPs? • When will clean energy goals be achieved?