Gas demand in Argentina and Brazil will continue to face headwinds in 2017 as the weather remains unsupportive and macroeconomics weaken.
Weather-related gas demand in Argentina and Brazil is expected to remain downbeat for the rest of the summer, pressuring gas consumption even further. The drought in northern and northeastern Brazil that supported the country’s LNG imports last summer is long over. There is a 45% chance of above-average rainfall in those regions this summer, which would support hydropower generation and dampen gas-to-power demand. Meanwhile, temperatures and rainfall in Argentina are expected to remain near average, limiting the country’s gas consumption.
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