Project Insights

Brazil LNG demand boosts prospects of terminals

LNG’s growing market share is likely to support the development of the country’s regasification projects LNG’s growing market share is likely to support the development of the country’s regasification projects.

By Ed O'Brien 19 September 2019 Americas / LNG 0 34602

An LNG cargo arriving in Brazil. (Petrobras)

The key issue: Brazil regasified an average of 7.75 MMcm/d of LNG in the first six months of 2019, an increase of 120% from the same period in 2018, according to data from the Ministry of Mines and Energy.

Interfax analysis: Brazil is regasifying more LNG this year as the fuel has become more cost-competitive. The country’s three operational LNG terminals are still working at only a fraction of their combined 47.00 million cubic metres per day (MMcm/d) of regasification capacity, but LNG’s rising share...