South American LNG demand hangs in balance

South America’s two giants have slashed combined spending on gas imports. But the situation is delicately balanced South America’s two giants have slashed combined spending on gas imports. But the situation is delicately balanced.
By Chris Noon 3 July 2017 0 26593

Argentina and Brazil reduced their total spending on gas imports by nearly 30% in the first five months of 2017 compared with the same period of 2016, according to customs data. 

Brazilian spending on gas imports fell by around 55%. This is principally because the country’s hydroelectricity output increased by 5.8% in the first five months of 2017 compared with 2016 as a whole. This is equivalent to around 2 TWh of extra production per month. 

Brazil’s...

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