Directional impact on forecast:
Downbeat for Latin America’s LNG consumption
Russia is increasing its supplies to Latin America’s spot market as production from its Yamal LNG plant ramps up. Nevertheless, the Latin American market is undergoing structural changes that will weigh on regional demand for the fuel. Consequently, Latin America will not be a reliable market for Russian LNG.
Latin America and the Caribbean’s LNG imports amounted to 13.63 mt in the first nine months of 2018, marking a fall of 16.3% from the...