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Argentina’s currency woes to dampen LNG demand

Argentina’s LNG imports will come under additional pressure from the country’s ongoing currency crisis, its rising gas production and high global oil prices Argentina’s LNG imports will come under additional pressure from the country’s ongoing currency crisis, its rising gas production and high global oil prices.
By Abhishek Kumar 31 May 2018 0 31110
Bahia Blanca LNG terminal, Argentina. (Enarsa)

Directional impact on forecast:
Downbeat on Argentine LNG imports

Argentina’s ongoing currency crisis may accelerate government efforts to curb the country’s reliance on LNG imports. The government already planned to stop importing LNG by the end of 2022, but the depreciation of the Argentine peso against the United States dollar could encourage it to do so sooner. Argentine LNG purchases are also under pressure from rising domestic gas production – a trend that is set to become more prominent in 2018 and 2019.

Argentina...