Latin American supply and demand trends diverge
The region’s appetite for LNG has been hit by the Covid-19 pandemic, but exports have proved more robust
The regional supply and demand stories have been quite different so far in Latin America in 2020. Demand has been shellacked, but LNG producers have had a better time. As in most of the rest of the world, broad quarantine measures put a dampener on gas requirements for power production, while manufacturing activity, especially through Q2, fell into deep contraction. Even now, as an economic recovery takes hold in varying degrees across the region, LNG demand remains materially weak, especially against 2019. The region’s LNG imports finished August at just 1.16mn t, marking a decline of 0.73mn t against year-earlier levels and slightly further below the five-year seasonal average of 1.94mn t
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
