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Mexico's Energy Management

Mon, 02/25/2019 - 13:10

From 2016 to 2017, Mexico's energy intensity indicator fell 0.8 percent to 509.69kJ/MX$. This result is partly the product of the 1.2 percent increase in the country’s energy consumption and a deceleration in GDP. Regarding electricity prices, the industrial segment was the most affected even before the implementation of the new tariff scheme proposed by CFE. Another factor was the increase in demand for natural gas imports as PEMEX decreased production. Low gas prices in the US also played a role. In 2017, Mexico's natural gas imports totaled 4,815.1MMcf/d, which represented an increase of 15.5 percent from 2016.