Brazil’s demand for LNG imports is under severe pressure as the country is producing enough gas to meet its own needs.
Brazil received only a partial cargo of LNG at its Rio de Janeiro terminal in September 2016 compared with six shipments at its three terminals in September 2015. The country imported 1.43 mt of LNG over the first nine months of 2016 – much lower than the 3.76 mt it received during the same period in 2015. GGA expects Brazil’s LNG imports to decline by 50% on an annual basis in 2016, to 2.4 mt.
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