Brazil hits record in gas purchases from U.S. after water crisis

Data from the November trade balance, released yesterday by the Ministry of Economy, show that in the year-to-date, natural gas imports, liquefied or not, increased 273.6% in values, compared to 2020.

RIO DE JANEIRO, BRAZIL - The water crisis has caused Brazil to buy record volumes of gas from the United States, with the country moving from seventh place in the ranking of the largest importers of American liquefied natural gas (LNG) in 2020 to fourth this year.

Analysts say that LNG imports, which account for nearly a quarter of Brazil's gas supply today, more than doubled last year and should remain high in the medium term.

Last year Brazil imported 3.29 billion cubic meters (m3) of LNG, for which it paid US$677.24 million, according to data from . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?