Southern Cone gas and power short-term outlook: September 2024 Report

Commodity Market Report 30 September 2024

Get this report*

$2,000

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Severe drought and warmer temperatures have soared gas-fired generation in Brazil, boosting gas imports. This situation opens opportunities for Argentine and Bolivian gas, as Brazil will need LNG to balance its supply through 2025 despite the start-up of Rota 3. As a result, power prices in the SECO region are expected to remain above R$300/MWh through the end of 2024. In contrast, Chile’s thermal generation will decrease due to lower power demand and high renewable generation, intensifying competition between gas and coal. Argentina will need to complete its ongoing infrastructure developments on time to compete in Northern Chile’s tightened market and increase gas exports.