Latin America’s structural shift away from LNG

Latin America’s dependence on LNG imports is set to diminish in the coming years as key regional consumers move away from the fuel
By Abhishek Kumar 29 September 2016
Tupi field, Santos pre-salt basin. Increasing pre-salt gas output in Brazil is having an impact on LNG demand in the country. (Petrobras)

Latin America’s LNG market is undergoing structural changes that are expected to substantially reduce the region’s reliance on LNG imports in the coming years. While this raises questions about the commercial viability of existing and proposed import terminals in Latin America, it also has ramifications for those countries in the Americas that export LNG – Trinidad & Tobago, Peru and the United States.

Brazil, Argentina, Mexico, Chile, the Dominican Republic and Puerto Rico are the key LNG importers in the Americas, and several other countries are...

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