Higher imports by Mexico and Chile are supporting Latin America’s overall LNG demand.
However, Latin American demand for LNG is set to decline year on year in 2017. Consumption in Brazil remains weak, while Mexico and Chile are unlikely to sustain their current LNG demand over the coming months. Latin America as a whole imported 1.97 mt of LNG in July 2017, higher than the 1.69 mt it took in July 2016. But GGA forecasts the region’s LNG imports will decline by 7% on an annual basis in 2017, to 13.7 mt.