Energy & Maritime

Mexico is the 11th largest oil producer in the world and has recently joined the International Energy Agency (IEA). The IEA acts as a policy advisor to its members, but also cooperates with non-member countries. The organization has three points of attention: energy security, economic development and environmental protection. The last point is aimed at reducing climate change.

Mexico has many promising energy sources. The country offers international oil and gas companies unique opportunities to gain a foothold in a region with large hydrocarbon reserves and increasing upstream activity. The opening of the production market has led to 111 contracts distributed among 75 new oil and gas companies, which are expected to invest $ 161 billion dollars in exploration and production of oil and gas fields in Mexico. In addition, the current Mexican government has presented a plan to increase oil production to 2,624 million barrels per day by 2024, while gas production will increase by 50 percent. This creates opportunities for oil and gas producing companies and suppliers. For example, Italian operator Eni started production in July 2019, making it the first international oil-producing company in Mexico.

Legislation on energy reform again reiterated Mexico’s ambitious target of generating 35% of its energy from clean sources by 2024, and imposed intermediate targets to achieve that goal. By 2030, Mexico could generate up to 46% of its annual electricity consumption from renewable sources.

Mexico has also set a target to reduce its greenhouse gas and greenhouse gas (GHG) emissions by 50% by 2050 compared to 2000. Mexico’s increasing interest in sustainability is creating opportunities for the Netherlands.

Mexico has 117 functional ports and terminals along its 11,500-kilometer coastline. 67% of the freight transported is concentrated in 16 commercial ports, mainly managed by the Ministry of Communications and Transport. The current government has pledged to invest $ 5 billion in its ports to increase capacity and throughput and better serve the country’s auto and energy industries.

Ports in the Gulf of Mexico in particular are expected to achieve strong export growth. The Mexican government’s goal is to improve connectivity and logistics across the country, for example by building infrastructure to connect the Gulf ports to the Pacific. The largest project in 2018 was the expansion of the Port of Veracruz with an investment of US $ 1.4 billion with four new terminals. The most important ports are shown in the image opposite.

NL Business Hubs provide operational support to Dutch companies in entering an international market and open up a strong business and social network of local contacts.

Holland House Mexico is the NL Business Hub in Mexico. Do you want to know what Holland House Mexico can do for you locally? On our website you will find more information about this hub and how to get in touch with them.