Energy

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Substantial hydrocarbons and hydropower resources have allowed Vietnam to be largely energy self-sufficient and supported rapid economic growth. Exploitation of its coal and the harnessing of rivers for hydropower has helped Vietnam meet double-digit growth in demand for power, providing almost universal electricity access to its people.

 

Exploitation of shallow-water resources over the last 30 years has allowed Vietnam to become an oil exporter while meeting domestic gas demand. With the third-largest proven oil reserves in East Asia, at 4.4bn barrels, and the fourth-largest offshore gas reserves in the region, estimated at 600bn cu metres in 2015, it has the potential to meet...

 

Widely regarded as a poster child for power sector development in emerging markets, Vietnam has increased access to electricity from 54% to 98% of the country’s population since 1990, connecting some 55m people in the process. Until now, it has also been successful in meeting double-digit annual growth in demand, resulting from a booming...

 

As part of ongoing energy reforms, Mexico’s authorities aim to reduce costs, protect the environment and develop power sector infrastructure by stimulating competition in electricity generation and transmission, while the National Centre of Energy Control (Centro Nacional de Control de Energía, CENACE) maintains control of transmission by...

 

Announced in 2013, Mexico’s energy reforms were the centrepiece of President Enrique Peña Nieto’s strategy to revitalise the national economy and reverse the decline in hydrocarbons production that has been in evidence over the past decade. Central to these efforts was ending the monopoly of Petróleos Mexicanos (Pemex) on the exploration,...

 

Recent reforms have opened up Mexico’s energy markets with the promise of greater levels of investment, more competition and stronger economic growth. For these benefits to realise their maximum potential and reach all regions of the country, it is essential that infrastructure of sufficient quantity and quality is put in place.

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