Global gas market long-term outlook H1 2019: Latin America and the Caribbean

Natural gas supply and demand balances are changing across Latin America and the Caribbean, with unique drivers influencing each market. Most of the Caribbean countries lack indigenous gas reserves, turning to LNG imports to supply their gas-fired generation plants such as Panama, Jamaica and the Dominican Republic. In Mexico, major pipeline completions have already begun to ease market pressure. In South America, Argentina's Vaca Muerta continue displacing LNG imports both in Argentina and Chile. However, LNG imports will increase in countries such as Brazil and Colombia backing power systems that rely heavily on hydro. Read this Global Gas Service regional commodity report for more details on: • The main stories in the Latin American gas markets in 2019 • What will be the main market drivers • Long-term fundamentals: supply and demand • The growth of LNG demand in Central America and the Caribbean