Directional impact on forecast:
Bullish on Latin America’s spot LNG prices
Brazil’s over-dependence on hydropower generation will persist, despite the country boosting domestic gas production. This, together with forecasts for below-average rainfall in parts of Brazil during summer (December-February), is expected to see the country increasing its reliance on LNG imports. Meanwhile, Brazil will have only two FSRUs to cater for any rise in LNG demand this summer, unlike the situation last summer when it had three vessels at its service. Consequently, the country...
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