Directional impact on forecast:
Bearish on LNG prices
The Manzanillo terminal on Mexico’s Pacific Coast has become an eager customer for LNG from the Sabine Pass plant in the United States. Moreover, trade relations are expected to deepen over the coming months as the US continues to provide cheap and abundant LNG to the terminal. Manzanillo is importing more and more cargoes, even though the prospects for LNG in Mexico as a whole are bleak.
The startup of the third train at Sabine Pass has...