Free Trial

Brazil’s LNG Competitiveness Narrows: Platts

LNG

Brazil’s LNG competitiveness vs Europe and the Med has narrowed as Brazil’s premium weakens, Platts said.

  • A DES cargo into Brazil was assessed at a 2.2 cents/MMBtu discount against DES NWE, the narrowest since the assessment began Feb. 1.
  • While demand for cargoes from Brazil was head to be increasing, this is being outpaced by bids from NWE looking to pull cargoes.
  • However, the market is eyeing an uptick in demand from LATAM and if Brazil’s reservoir levels are lower than expected, LNG demand could accelerate in the coming months, pulling cargoes to South America.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.