Brazil’s LNG imports have fallen by 89% since the end of September 2021

Brazil reduced imports by 89% compared to the end of September 2021. The rainy season has begun in the country. Experts note that this is the best start to the rainy season since 2009, and hydropower reserves have increased by almost 50% compared to the 5-year average.

There is a possibility that Brazil will soon abandon LNG imports. It will allow the United States and Qatar to redirect LNG to other destinations, including Europe.

In 2021, Brazil imported LNG from the United States every month, in contrast to 2020, when imports were available for only 8 months, with three of them being minimal. In total, in 2021, Brazil imported about 8.5 bcm of natural gas in the form of LNG, which is 2.5 times more than in 2020 and is a record. In the first three weeks of Jan 2022 from the US to Brazil were exported about 300 mcm, which is almost twice less than in 2021.

11:55 / 21 January 2022

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