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LNG: Latam Monthly LNG Imports Rise to Yearly High Led by Brazil and Colombia

LNG
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Latin American and Caribbean LNG imports rose by nearly 6% m/m to 69.81bcf in September and the highest monthly level of the year and are expected to remain strong in October, according to S&P Global.

  • The increase of 44% y/y and 116% higher than Sept. 2022 was driven by rising demand from Brazil and Colombia for gas-fired power due to lower hydropower reservoirs.
  • Brazil’s imports rose 104% from 10.22bcf in August to 20.80bcf in September to the highest since January 2022, although with the same number of cargo arrivals in both months but of varying volumes.
  • Colombia imports rose from 5.32bcf in August to a record high in records since 2016 at 14.13bcf in September.
  • Imports to The Dominican Republic at 8.90 Bcf and Mexico at 6.95 Bcf were both also higher on the month in September. 
  • Of the September imports, nearly 70.2%, or 48.98bcf, originated from the US with 14.8%, or 10.30bcf from Trinidad and Tobago's Atlantic LNG.

 

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Latin American and Caribbean LNG imports rose by nearly 6% m/m to 69.81bcf in September and the highest monthly level of the year and are expected to remain strong in October, according to S&P Global.

  • The increase of 44% y/y and 116% higher than Sept. 2022 was driven by rising demand from Brazil and Colombia for gas-fired power due to lower hydropower reservoirs.
  • Brazil’s imports rose 104% from 10.22bcf in August to 20.80bcf in September to the highest since January 2022, although with the same number of cargo arrivals in both months but of varying volumes.
  • Colombia imports rose from 5.32bcf in August to a record high in records since 2016 at 14.13bcf in September.
  • Imports to The Dominican Republic at 8.90 Bcf and Mexico at 6.95 Bcf were both also higher on the month in September. 
  • Of the September imports, nearly 70.2%, or 48.98bcf, originated from the US with 14.8%, or 10.30bcf from Trinidad and Tobago's Atlantic LNG.

 

Keep reading...Show less