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LNG: Brazil LNG Imports Rise to Highest Since Nov 2021 Amid Drought

LNG
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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.

 

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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.

 

Keep reading...Show less