Brazilian LNG demand continues to slide
Healthy hydroelectric production has reduced gas-to-power demand in Brazil Healthy hydroelectric production has reduced gas-to-power demand in Brazil.
Brazil’s LNG demand fell by nearly 17% in H1 2018 compared with the same period last year, according to customs data published by the country’s Ministry of Industry, Foreign Trade and Services. This follows a 73% drop for the same period a year earlier.
This is primarily because of increased hydroelectricity production, which has reduced gas-to-power demand. Average hydroelectric generation has increased from 45.8 GW in H1 2017 to 50.8 GW in H1 2018,
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
but you need a subscription for full access.
Further reading
-
Yamal LNG ships its first cargo to Brazil’s Bahia terminal
24 September 2018 -
Instinct vs investment: which way will Brazil go?
23 October 2018
