LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

November 3, 2023

What Challenges Face Mexico’s New Energy Minister?

Miguel Ángel Maciel was tapped last month as Mexico’s new energy minister, a move that came less than a year before Mexico’s president completes his term in office. // File Photo: Mexican Government.

Q

A

David Shields, independent energy consultant based in Mexico City: “The biggest challenges in Mexican energy policy should be restructuring and making efficient the state-run energy companies, reactivating private investment in the industry—which has been severely hindered by recent nationalist, ideological policie—and promoting the country’s transition to clean energy. But Mr. Maciel has signaled that none of this is of the slightest interest to him. He is just a caretaker, who unconditionally supports AMLO and Nahle. He has stated publicly that Mexico will export less oil next year and will return its oil production goal of two million barrels per day until 2030. The wars in the Middle East and Ukraine mean that the energy transition can be forgotten for now, he says. He has no proposals of his own nor any message for private investors. In fact, no one expects…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

jquinn@thedialogue.org

Lori Rampani
Reporter

lrampani@thedialogue.org

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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