6. The Mexican Energy Transition

Mexico is one of the largest oil producers in Latin American. The importance and relevance for national development are crucial to understanding the Mexican ideology and ideocracy linked with the oil and gas sector. Even though oil and gas have been associated with progress, climate change and the current circumstance should create a new paradigm in which the centre of public policies is focused on the environment, sustainability and a better future for subsequent generations. If the Mexican Government consider them as the centre of public politics, according to international trends, the energy transitions shall play a key role. PEMEX as the National Oil Company and the major player in the Mexican oil and gas industry must consider the energy transition as a part of its modernization process. Unfortunately, PEMEX is not considering it as part of its strategic plans, despite other major oil companies doing so and governments and wider society claiming the need to do so with more impetus every day. The aim of this chapter is to analyse, from a historical to a practical perspective, the role of the Mexican NOC in the energy transition and the challenges that the government may face if the energy transition plays a key role in the following years.