High hydropower output and modest gas-to-power generation have hammered Brazilian gas demand. Brazil’s average daily gas consumption fell by nearly 13% in the first four months of 2018 compared with full-year 2017, according to Energy Ministry data. Average daily gas-to-power sector consumption fell by nearly 30%.
The fall in gas consumption reduced the share of thermoelectric generation in Brazil’s power mix from nearly 20% in 2017 to around 13% in H1 2018, according...
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