Brazil: declining gas fired power generation reduces LNG imports
Liquefied natural gas imports into Brazil are on a decline as thermal power generation declines by 37.7 percent in the first three months of this year, compared to the same period in 2015.
Argus cites CCEE, Brazil’s electricity clearing house, as saying that natural gas-based power generation suffered a 50 percent decline while the fuel oil use for power generation plummeted 82 percent.
Brazil will have received at least three LNG cargoes by the end of March as Petrobras’ Pecem LNG terminal was delivered a cargo by Excelerate Energy on March 2. The terminal is expected to receive another LNG cargo aboard the 159,800 cbm Maran Gas Delphi on March 31, according to the report.
During March, Petrobras also received the first export cargo from Cheniere’s Sabine Pass LNG export terminal in Louisiana. The 160,000 cbm Asia Vision LNG carrier delivered the cargo to the Guanabara terminal near Rio de Janeiro.
The decline in thermoelectric power generation is due to a lower demand and rainfall that replenished Brazil’s hydroelectric reservoirs.
LNG World News Staff