Latin America’s uncertain LNG future
Old-guard importers are fading, but new markets are opening. The region’s exporters are adapting to the US threat
Latin America doesn't suck in huge quantities of liquefied natural gas like northeast Asia, or feed the world's thirst on the same scale as Australia or Qatar; but it has played an increasingly important role in the global gas trade in recent years. The Southern Cone countries—Brazil, Argentina and Chile—have been the region's stalwart importers. The region put itself on the LNG trade map earlier this decade. Severe droughts in Brazil forced the country to burn far more gas than usual, much of which it brought in from LNG markets. At the same time, Argentina's demand was surging and its production sliding, which saw it turn to LNG markets to plug the gap. In 2014, the Southern Cone countries
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
