RIO DE JANEIRO, BRAZIL - In July alone, gas-fired electricity generation more than tripled, while hydroelectric production fell 26%, according to a report by the International Energy Agency (IEA).
Gas consumption for power generation increased 79% in the first 7 months of 2021 while electricity consumption from various sources increased 10%.
"Considering the fact that Brazil does not have underground gas storage, flexibility in fuel supply has been achieved through a combination of increased production, of about 5% in 2021, and increased imports," the report says.
According to the IEA, strong demand for liquefied natural gas (LNG) in Asia and . . .
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