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
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
7 May 2025
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
