Lately, it’s not just liquefied natural gas (LNG) prices that are headed south, it’s LNG cargoes too. A few days ago, the first LNG shipment from Cheniere Energy’s Sabine Pass liquefaction/export terminal was sent to Brazil, where a drought has slashed hydroelectric production and boosted the need for natural gas-fired power. Today we consider what’s driving LNG and natural gas demand in Brazil, Argentina and other countries in the southern half of the Americas, and what that may mean for U.S. LNG exporters and gas producers.
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