Argentine and Brazilian LNG demand dries up

By Abhishek Kumar 2 February 2017
Argentina and Brazil are not buying LNG even at the peak of the southern hemisphere summer. (Argentine Ministry of Energy) Argentina and Brazil are not buying LNG even at the peak of the southern hemisphere summer. (Argentine Ministry of Energy)

Directional impact on forecast:
Bearish on LNG prices

Demand for LNG in Argentina and Brazil – Latin America’s two key consumers of the fuel – has all but vanished despite the two countries being in the southern hemisphere summer (December-February). Falling gas consumption, rising domestic gas production, and weakening macroeconomics will continue to weigh on the countries’ LNG uptake over the coming months.

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