A note on the Energy Reform / Bulletin 41 – IDEAS

The electric, oil and gas industry has been the power supply source from the second half of the
twentieth century and the beginning of this century.
Exploration, production and processing of hydrocarbons in our country has been carried out since
approximately 70 years, which has allowed the reserves that are in our homeland the generation of
countless jobs.

However, we found different adversities regarding these issues. On one hand, exploitation of energy
resources has become increasingly difficult, this, for various reasons, such as the location of oil in
deep waters and at the same time, the lack of technology and equipment used for production,
processing and consumption of these energies. Predictions towards 2020, concerning both
production and consumption of energy in our country, present Mexico as a country with a structural
deficit. In addition, by the year 2030, the demand for global energy will be almost 35% greater than
it was in 2005. All these factors call for a comprehensive energy reform in which the investments
made within the next 10 to 20 years will be of great importance and will have big and deep effects in
energy, and in the economic results that these investments entail. The actions sustained over the
long-term will result in a lower cost compared to the risks that will entail if we decide to sustain the
inaction.

An important antecedent to the energy reform was the Pact for Mexico; some of the commitments
set forth in the Pact were to continue to maintain the nation’s ownership of hydrocarbons seeking
for energy efficiency and its improvement, also, the transformation of PEMEX, looking to expand its
execution capacity in matters of exploration and production of hydrocarbons.

 

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