The Role of Brazil as an LNG Hub for South America

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Natural gas continues to gain momentum in South America as these countries seek greater flexibility and guarantee of supply in order to increase the energy mix. Even though some of these countries hold significant potential for natural gas exploration and development, including Argentina and Brazil, many still require liquefied natural gas to supplement their energy needs in the medium to long term.

Rising Potential for LNG Imports -

Latin America has been under close scrutiny by the LNG industry of late. With imports rising in Argentina, Brazil and Chile there is recognition of the potential for Latin America to become a key market. Although the region only accounts for approximately 5% (five percent) of global LNG imports, there is speculation that Latin America will experience rapid rates of growth and a significant increase in imports over the next few years.

Originally published in LNG Hub: Leaders Forum.

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Topics:  Brazil, Exports, Liquid Natural Gas, Natural Gas, Oil & Gas

Published In: Energy & Utilities Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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