The Vanishing LNG Market in Brazil

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LNG in brazil
Published 04/26/2017 by Ieda Gomes (OIES)

Brazil started importing LNG in 2009 as an insurance against a repeat of a power shortage similar to the one which crippled the economy in 2001, and which had such strong repercussions for the 2002 presidential election.

In the period 2011-2015, imports of LNG increased dramatically as the Brazilian economy was still growing and a prolonged drought resulted in the virtual depletion of regional hydro reservoirs.

 
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