Weather-related gas demand in Latin America is set to be low during the shoulder months, reducing the need for LNG.
Brazil is expected to see higher-than-average rainfall during the southern hemisphere autumn (March-May), which will support hydropower generation and reduce the need for gas in the country’s power sector. Preliminary weather forecasts suggest rainfall in the country as a whole will be 1 millimetre per day (mm/d) higher than average for the season – a contrast to the autumn of 2017, when it was 2.7 mm/d...