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

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 . . .

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