Latin LNG: a storm in a crystal ball?

Wildcat notices a huge disparity between gold-standard forecasts of long-term Latin LNG demand. Who is right? Wildcat notices a huge disparity between gold-standard forecasts of long-term Latin LNG demand. Who is right?
By The Wildcat 3 November 2016 0 22658
Weather can be a great variable in Latin America demand forecasts. (Phil Dolby, Flickr)

The outlook is hazy for Latin American LNG forecasting as a schism is opening up in predictions for its future demand.

South American LNG demand is set to fall from 11 mtpa in 2015 to 5.1 mtpa by 2020, assuming ‘normal’ weather conditions, the Oxford Institute for Energy Studies (OIES) said earlier this week. For the record, the OIES defines South America as Brazil, Argentina and Chile, plus Uruguay and Colombia.

The forecast was not a surprise, having been trailed in the organisation’s