Americas Consumption

The weather will not support gas demand in Latin America during the shoulder months, despite improving economy.

Temperatures have been mild in Brazil so far during the southern hemisphere summer (December-February), despite northeastern and southern parts of the country facing below-normal rainfall. This, together with rising pre-salt gas production, has severely dented Brazil’s LNG demand. The country has not imported any LNG since late December.

Preliminary weather forecasts suggest mild temperatures will persist during the shoulder months (March-May), which will limit Brazil’s LNG demand, although there is...