Directional impact on forecast:
Downbeat on Argentine LNG imports
Argentina’s ongoing currency crisis may accelerate government efforts to curb the country’s reliance on LNG imports. The government already planned to stop importing LNG by the end of 2022, but the depreciation of the Argentine peso against the United States dollar could encourage it to do so sooner. Argentine LNG purchases are also under pressure from rising domestic gas production – a trend that is set to become more prominent in 2018 and 2019.