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Investor Presentaiton

The International Energy Agency's special report "Mexico Energy Outlook" compares the estimated benefits of the Energy Reform by 2040, with a No Reform scenario NO REFORM Oil production would be around 1 mb/d lower than in the Reform scenario REFORM NCRE Oil and gas production will increase and petroleum product imports will decrease Electricity rates for industrial consumers would be 14% higher in 2040 The cost of generating and delivering electricity to the residential sector would be 16% higher; the additional jea Mexico accumulated subsidy would be 50 billion dollars Mexico would not meet its clean energy targets, nor its GHG emissions reduction goals Energy Agency Energy Outlook World Energy Outlook Special Report Mexico's economy would be 4% smaller 46 է Lower electricty rates for industrial consumers Subsidies will be gradually phased out by 2035 Mexico will meet the 35% clean power generation target by 2024 and reduce its GHG emissions Mexico's economy will double, it will be more efficient and its energy intensity will improve Energy efficiency standards will significantly decrease Mexico's energy consumption Source: https://www.iea.org/publications/freepublications/publication/Mexico EnergyOutlook.pdf 3
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