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Challenges ahead for Russian LNG in Latin America

The weakness in Latin America’s LNG demand is set to persist despite a recent increase in supplies from Russia The weakness in Latin America’s LNG demand is set to persist despite a recent increase in supplies from Russia.
By Abhishek Kumar 22 October 2018 0 33002
Novatek's Yamal LNG plant in the Russian Arctic. Novatek's Yamal LNG plant in the Russian Arctic. (Novatek)

Directional impact on forecast:
Downbeat for Latin America’s LNG consumption

Russia is increasing its supplies to Latin America’s spot market as production from its Yamal LNG plant ramps up. Nevertheless, the Latin American market is undergoing structural changes that will weigh on regional demand for the fuel. Consequently, Latin America will not be a reliable market for Russian LNG.

Latin America and the Caribbean’s LNG imports amounted to 13.63 mt in the first nine months of 2018, marking a fall of 16.3% from the...