By Adnan Bajic Argentina and Brazil are set to turn to additional LNG volumes in order to cover the demand gap expected in 2025.
The two countries, whose combined gas demand is set to grow to 90 billion cubic meters (Bcm) in 2025 from an estimated 76.5 Bcm in 2020, will not only need to replace lost import volumes but will also need to make up for a larger supply shortfall as domestic production will be insufficient, a Rystad Energy report finds.
Illustration courtesy of Gas Natural Acu
The energy intelligence provider estimates Argentina’s gas demand in 2020 at 52.5 Bcm and Brazil’s at 24 Bcm.
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