Americas Consumption

Mild weather is expected to weigh on gas demand in Brazil, Colombia and Venezuela between June and August.

Preliminary forecasts suggest northern Brazil, which has a tropical climate, will experience average temperatures and rainfall between June and August. Temperatures in the northern Brazil were 2C above average during the same period in 2017, while rainfall was 1 millimetre per day below average.

Nevertheless, Brazil’s growing economy will continue to support gas consumption this year. The IMF expects Brazil’s economy to expand by 2.3% on an annual basis...