Latin American LNG demand will remain low in H1 2018.
Forecasts for mild temperatures in countries such as Brazil, Mexico and Argentina during the shoulder months will exacerbate the trend. Meanwhile, rising pre-salt gas output in Brazil – together with Argentina’s goal to boost production from shale plays such as Vaca Muerta – will also reduce LNG demand. Expectations for healthy pipeline gas supplies from the US to Mexico will further reduce Mexico’s reliance on imported LNG.
Consumers in Latin America imported 0.63 mt of LNG in...