There is little recovery in sight for LNG imports by countries in Latin America and the Caribbean in 2017.
The structural shifts away from LNG in key Latin American countries – namely Mexico, Brazil and Argentina – that started in 2016 are expected to become more prominent in 2017. This will also worry the main LNG suppliers in the Americas – Trinidad, Peru and the US. Declining gas demand, together with increasing domestic output, in Argentina and Brazil are dampening their appetite for gas and LNG imports. Meanwhile, Mexico is boosting its reliance on cheaply available pipeline gas from the US, in turn hindering the country’s need for LNG (see Argentine and Brazilian LNG demand dries up, 2 February 2017).