Latin America no longer an LNG sinkhole – OIES

By Chris Noon 11 April 2017
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Argentina’s Bahía Blanca LNG terminal. LNG imports are more expensive than Bolivian piped gas. (YPF) Argentina’s Bahía Blanca LNG terminal. LNG imports are more expensive than Bolivian piped gas. (YPF)

Plummeting demand for LNG in Brazil and Argentina means suppliers in the Atlantic Basin will no longer be able to rely on South American buyers to mop up their excess cargoes, an Oxford academic has told Interfax Natural Gas Daily.

"South American markets have provided a useful outlet for LNG suppliers with surplus output over the past few years, [but] it would seem that prospects for future demand are dampening at just the time when the next surge of LNG production is set to hit the market from 2017-2020," Ieda Gomes, a senior visiting research fellow at the Oxford Institute for Energy Studies (OIES), wrote in a report released last week.

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