Brazil’s gas demand will remain under pressure in the coming months as a result of the country’s weak economy and forecasts for healthy rainfall.
Brazil’s economy is going through a period of deep recession, which has reduced gas demand from the country’s industrial sector. The economy shrank by 2.9% on an annual basis in Q3 2016, marking its 10th consecutive quarter of contraction. The IMF expects Brazil’s GDP to expand by just 0.5% in 2017. The industrial sector, including petrochemicals, is the second-biggest consumer of gas in Brazil after the power sector and accounted for almost 28% of the country’s gas demand in 2015. GGA forecasts Brazil’s industrial gas demand to decline by 4.7% year on year in 2017, to 10.2 billion cubic metres.
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.Sign in
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up