Brazil Mulls LNG Imports Into Early 2025 as Hydro Shrinks
- Country may need at least 5 cargoes a month in first quarter
- Dryness has already led to higher gas-fired power generation
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Gas buyers in Brazil are inquiring about potential purchases of global shipments well into the first quarter as persistently dry weather threatens hydropower generation.
The country will need five or more cargoes of liquefied natural gas a month from January through at least the end of March to fill energy supply gaps, according to traders with knowledge of the talks. Discussions about potential deliveries early next year are still preliminary and cargoes haven’t been contracted yet, they said.