October 09, 2024 07:39 GMT
LNG: Brazil LNG Imports Rise to Highest Since Nov 2021 Amid Drought
LNG
Brazil’s weekly LNG imports surged to the highest since November 2021 at nearly 250k tons, according to Bloomberg ship-tracking.
- LNG imports have risen as the country experiences another hot, dry spell boosting air conditioning demand while drought curbs hydropower output.
- Hydropower generation is down 19% from the previous year over the past 30 days amid shrinking reservoirs although rain is forecast to return and could ease pressures in the next few weeks.
Source: Bloomberg
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