Argentine and Brazilian LNG demand dries up

Argentina and Brazil are not buying LNG even at the peak of the southern hemisphere summer, and supplying the fuel to the two markets is set to become even tougher in 2017
By Abhishek Kumar 2 February 2017
Argentina and Brazil are not buying LNG even at the peak of the southern hemisphere summer. (Argentine Ministry of Energy)

Directional impact on forecast:
Bearish on LNG prices

Demand for LNG in Argentina and Brazil – Latin America’s two key consumers of the fuel – has all but vanished despite the two countries being in the southern hemisphere summer (December-February). Falling gas consumption, rising domestic gas production, and weakening macroeconomics will continue to weigh on the countries’ LNG uptake over the coming months.

Argentina and Brazil have imported just one LNG shipment between them so far this summer compared with 16 during the same period...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up