Directional impact on forecast:
Bearish on Latin America’s spot LNG prices
Mexico’s LNG imports have seen an unexpected resurgence in 2017, supporting Latin America’s overall purchases of the fuel. Persistent technical issues on pipelines carrying gas from the United States have boosted the need for LNG at Mexico’s Altamira terminal on the east coast. However, pipeline disruptions are gradually dissipating while additional pipeline capacity is being installed to transport more US gas to its southern neighbour.
Mexico imported 4.12 mt of LNG in the...