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Markets & Forecasts

Small users prop up Latin America’s LNG demand

Imported LNG will make further inroads in Latin America and the Caribbean as the region’s small buyers diversify their power mixes away from hydro, oil and oil products Imported LNG will make further inroads in Latin America and the Caribbean as the region’s small buyers diversify their power mixes away from hydro, oil and oil products.
By Abhishek Kumar 23 October 2019 Americas / LNG 0 34706
The Golar Arctic in Kingston, Jamaica in 2016 (JPS)

Directional impact on forecast:
Upbeat for Latin America’s LNG imports

A structural change is under way in the LNG market of Latin America and the Caribbean (LAC) that will have a marked impact on how the region procures the fuel over the coming years. Growth in the LAC’s LNG consumption will hinge on smaller buyers, such as the Dominican Republic and Puerto Rico. Meanwhile, demand for the fuel from Latin America’s major buyers – Argentina, Mexico and Chile – is set to dissipate...