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
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy
15 April 2024
Though hampered by methane concerns, US LNG has a crucial role to play for European and Asian energy security, US economic needs and the energy transition drive