Weather-related gas demand in Brazil and Argentina is set to grow during the southern hemisphere summer.
Preliminary forecasts suggest a 45% chance of below-average rainfall and a 40% chance of above-average temperatures in southern and southeastern Brazil during the summer (December - February), which will support gas demand from the country’s power sector. Rising gas output from Brazil’s pre-salt formations will be able to satisfy most of the extra demand during the season, but the country may need to resort to imported LNG if hydropower generation is severely affected.
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