Global energy lawyers have their sights set on Mexico in 2015, where historic energy reforms signed by that country’s president are expected to create a huge investment opportunity for clients in energy and other sectors.

The sweeping reforms signed by President Enrique Pena Nieto in August reversed 76 years of monopoly control over Mexico’s energy and power sectors. Mexican leaders hope that competition and private investment will lower energy prices for Mexicans at home and energize the country’s economy for the next generation.