Latin American LNG imports are continuing to decline as demand for the fuel drops in Brazil, Mexico and Argentina.
Falling gas demand in Brazil, rising US pipeline gas imports in Mexico and growing gas production in Argentina are all bad news for Latin American LNG imports. Combined LNG imports by the three countries amounted to 0.93 mt in April, much lower than the 1.24 mt seen in April 2015. LNG imports by Latin America as a whole fell by 20% on an annual basis in April 2016, to 1.29 mt. GGA expects the region’s LNG imports to drop by 17% year on year in 2016, to 16 mt.