Brazil Thirsts for Vaca Muerta Gas Amid Drought

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
2020 Shutterstock

Brazil’s worst water crisis in nine decades has forced it to import more LNG to plug the gap left by lower hydropower output. As LNG prices have soared, it has also been looking over the border to Argentina's massive Vaca Muerta shale play to sate its gas appetite. But that would require construction of a 2,030 kilometer (1,270 mile) pipeline, and the steep price tag, combined with political uncertainties in both countries, makes the idea a long shot.

Gas Supply, Gas Pipelines, LNG Prices
Wanda Ad #2 (article footer)
Carefully balanced supply-demand fundamentals in the global and LNG market continue to keep traders on their toes for unexpected disruptions to the status quo.
Tue, Oct 3, 2023
Iraq says it has sweetened terms for two upstream bid rounds as it emerged that China's Sinopec is abandoning a gas development contract it was awarded in 2021.
Tue, Oct 3, 2023
The November Nymex US gas futures contract failed to breach the $3 per million Btu mark last week despite supportive weather and supply fundamentals.
Tue, Oct 3, 2023