Global gas market long-term outlook H2 2018: 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. In Mexico, domestic production will keep declining despite demand-side growth, increasingly relying on US piped imports to satisfy the market. In South America, Argentina's Vaca Muerta is reshaping Southern Cone gas dynamics and LNG is backing power systems that rely heavily on hydro, such as Brazil and Colombia. Read this Global Gas Service regional commodity report for more details on: • The main stories in the Latin American gas markets in 2018 • What will be the main market drivers in 2019 • Long-term fundamentals: supply and demand • The growth of LNG demand in Central America and the Caribbean