Bearish on Latin American spot LNG prices
Argentina has overestimated its need for LNG and is looking to cancel, divert or postpone some of its commitments. Growing domestic gas production, combined with the government’s plan to rein in energy subsidies, will further dampen the country’s reliance on LNG imports in the coming years.
Argentina is already struggling to meet its import obligations for August as it leaves the peak winter demand season. The country is scheduled to receive 13 shipments this month, but...