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Bleak outlook for LNG imports in Latin America

Although the prospects for Latin America’s LNG demand remain downbeat over the coming years, floating LNG import projects will fare better than land-based terminals Although the prospects for Latin America’s LNG demand remain downbeat over the coming years, floating LNG import projects will fare better than land-based terminals.
By Abhishek Kumar 18 January 2018 0 29150
GNL Mejillones LNG terminal, Chile. Growing appetite for renewables in Chile’s power sector will reduce the country’s demand for LNG (GNLM)

Gas is set to further consolidate its position in Latin America’s energy mix, driven by its growing importance in the region’s power sector. The expanding role of gas has led several Latin American countries to import the fuel as their domestic production is insufficient to meet demand. Nevertheless, Latin America’s dependence on LNG imports will diminish as countries such as Argentina, Brazil and Mexico work towards becoming self-sufficient in gas production. The three countries accounted for 64% of the region’s LNG imports in 2017.

While the...