Supply & Demand

Trinidad and US LNG battle it out in Latin America

Competition between Trinidad and the United States is ratcheting up in Latin America and the Caribbean as both LNG suppliers strive to consolidate their market shares Competition between Trinidad and the United States is ratcheting up in Latin America and the Caribbean as both LNG suppliers strive to consolidate their market shares
By Abhishek Kumar 23 March 2018 0 30147
Charts showing LNG exports to Latin America and the Caribbean from the US and Trinidad The Quintero LNG terminal in Chile. (GNL Quintero)

Directional impact on forecast:
Bearish for spot LNG prices in Latin America

Latin America and the Caribbean (LAC) will remain a challenging market for LNG from Trinidad & Tobago and the United States, partly because of weakening demand and also because of the growing influence of pipeline gas trading in the region. Nevertheless, Trinidad has performed well in managing competition from US LNG in the LAC. And both suppliers are working towards exploring markets beyond the Americas in the medium-to-long term as they...