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Energy SectorOverviewReturn to topEnergy Market2008 2009** 2010 (estimated)Total Market Size 11,745.0 10,608.0 10,823.8Total Local Production 5,627.0 5,120.6 5,171.8Total Exports 14,112.0 13,124.2 13,517.9Total Imports 20,230.0 18,611.6 19,169.9Imports from the U.S. 14,120.0 13,416.0 13.952.6Oil and Gas Market2008 2009** 2010 (estimated)Total Market Size 6,725.0 6,151.5 6,616.7Total Local Production 2,115.0 1.924.6 1.963.0Total Exports 1,430.0 1,329.9 1,369.8Total Imports 6,040.0 5,556.8 5,723.5Imports from the U.S. 4,163.0 3,954.9 4,073.5Electrical Power and Renewable Energy Market2008 2009** 2010 (estimated)Total Market Size 5,200.0 4,456.5 4,507.1Total Local Production 3,240.0 3,196.0 3,208.8Total Exports 12,270.0 11,794.3 12,148.1Total Imports 14,230.0 13,054.8 13,446.4Imports from the U.S. 9,950.0 9,461.1 9,879.1Figures listed in USD millions. * Exchange rate: 1 USD = 12.92 pesos** Based on statistics available from January to November 2009 (11 months). Source <strong>of</strong> information:BANCOMEXT, -Mexican Import/Export Bank statistics, Secretary <strong>of</strong> Economy Statistics. 2010 figures areestimated based on projections provided by Mexico’s Central Bank <strong>of</strong>ficials, PEMEX and CFE andinterviews with members <strong>of</strong> the Mexican College <strong>of</strong> Petroleum Engineers, from the National Energy SavingsCommission, and representatives <strong>of</strong> U.S. companies in Mexico.As illustrated above, in 2010, world-wide imports into Mexico <strong>of</strong> energy-relatedequipment and services will increase by approximately 3 percent. During the sameperiod, U.S. exports to Mexico will grow by an estimated 4 percent. U.S. companiescurrently supply almost two thirds <strong>of</strong> all imported energy-related equipment and servicesinto Mexico.Energy production and infrastructure will continue to be a priority for Mexico’s federalgovernment during the period 2010-2012. State-owned energy companies, PetroleosMexicanos (PEMEX), and the Comision Federal de Electricidad (CFE), have beengranted a 2010 budget <strong>of</strong> USD 21 billion for new energy infrastructure and themaintenance <strong>of</strong> existing power plants, refineries, oil and gas pipelines, etc.Although the Mexican energy market has been slow to open to new renewabletechnologies, there is movement in the government towards the establishment <strong>of</strong>renewables as part <strong>of</strong> the National Energy Plan. <strong>In</strong> 2007, President Felipe Calderonproposed that by 2012, 8% <strong>of</strong> all electricity would come from renewable energies,