Imports of liquefied natural gas (LNG) to Latin America fell by 4.2 million tons (Mt), or 32%, during January-September versus the same period in 2019 as the coronavirus ravaged the region’s economies, according to new analysis by data intelligence firm Kpler.
Latin America has seen a particularly sharp decline this year compared to other LNG-importing regions in the world, said Kpler’s Homayoun Falakshahi, senior commodity analyst, during a webcast presentation on Thursday.
Europe, for example, saw an 11% year/year increase in LNG imports over the same span, while Asia recorded a 2% increase. In both cases, however, the increases were because of high imports during the first quarter, before the pandemic made its impact felt around the world.
Falakshahi also noted that...