LNG

Argentina waves goodbye to the LNG era

Latin LNG demand has vanished. But while this may mark the end of an era in Argentina, the jury is still out on Brazil Latin LNG demand has vanished. But while this may mark the end of an era in Argentina, the jury is still out on Brazil.
By Chris Noon 4 April 2017 0 25347
Excelerate regasification vessels at Argentina's Bahia Blanca LNG terminal. (Argentine Energy Ministry)

Argentine and Brazilian LNG demand has tanked, with the two countries importing just three cargoes between them in Q1 2017. Experts have suggested the era of high LNG imports in Argentina could be over, but they are less sure about Brazil, where demand is highly sensitive to the weather. 

Argentina and Brazil imported a combined total of 179,460 tons of LNG in Q1 2017, which was an 86% reduction compared with the same period in 2016, according to IHS Markit shipping data. 

The two countries have imported...