Most Latin American nations will need to rely on natural gas imports to meet rising demand in the coming years, according to a new analysis from Wood Mackenzie.

Latin America

With several challenges facing gas developments in the region, supply will be unable to keep up with demand, driving the need for expanded imports, according to analysts.

Wood Mackenzie predicts that natural gas demand in Latin America will increase by an average of 1.4% annually over the next decade, stabilizing at around 25 Bcf/d. But gas supply is expected to decline at a rate of 5.6% in that timeframe.

The analysts think that yet-to-find resources could stabilize Latin American supply at about 15 Bcf/d, with the right policies in place.

“We forecast that supply will be unable to close the gap with increased...