×
×
Markets & Forecasts

Latin America awaits quantum leap in LNG demand

Small-scale LNG technology is gathering momentum in Latin America and the Caribbean and will be the region’s best bet for reversing the decline in its LNG demand in the long term Small-scale LNG technology is gathering momentum in Latin America and the Caribbean and will be the region’s best bet for reversing the decline in its LNG demand in the long term.
By Abhishek Kumar 23 May 2019 Americas / Supply & Demand 0 34246
Jamaica has taken the lead in installing breakbulk LNG reloading infrastructure in Latin America and the Caribbean. (JPS Co.)

Small-scale LNG buyers in Latin America and the Caribbean provide a glimmer of hope for suppliers amid falling demand for the fuel in the region. Although small consumers will not reverse the decline in Latin America’s LNG consumption in the short-to-medium term, they represent the future of trade in the region. Targeting small pockets of demand will challenge the traditional LNG trade model. Nonetheless, the small-scale market could prove vital to suppliers such as the United States and Trinidad & Tobago amid rising competition from...