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NATGAS: Brazil’s Gas-Fired Power Generation Surges on Drought: IEA

NATGAS
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Brazil’s gas-fired power generation has surged by near 600% since mid-June amid dwindling hydro output, as the country faces another historic drought, the IEA’s Greg Molnar said via LinkedIn.

  • Brazil’s hydro power generation has fallen around 40% since early March and Brazil is facing its worst drought since at least 1050. Water levels at Amazon ports hit their lowest levels since 1902.
  • Gas-fired plants play a key role in providing back-up power generation to the system and ensuring continued electricity supply.
  • Most of the incremental gas demand was met via LNG imports, which have doubled since June and reached 0.56 bcm in September – the highest since Jan 2022.

 

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Brazil’s gas-fired power generation has surged by near 600% since mid-June amid dwindling hydro output, as the country faces another historic drought, the IEA’s Greg Molnar said via LinkedIn.

  • Brazil’s hydro power generation has fallen around 40% since early March and Brazil is facing its worst drought since at least 1050. Water levels at Amazon ports hit their lowest levels since 1902.
  • Gas-fired plants play a key role in providing back-up power generation to the system and ensuring continued electricity supply.
  • Most of the incremental gas demand was met via LNG imports, which have doubled since June and reached 0.56 bcm in September – the highest since Jan 2022.

 

Keep reading...Show less