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Latin American LNG Prices Rise on Global Natural Gas Market Tightness — LatAm Recap

Natural Gas Intelligence · last updated

April delivered ex-ship (DES) prices to LNG import terminals in Latin America rose Monday amid strengthening of benchmarks globally.

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April DES prices to the Bahia Blanca terminal in Argentina rose 35.7 cents to $13.21/MMBtu, according to NGI calculations. DES prices at the Pecém terminal in Brazil were $13.03, up 34.1 cents, and prices on Mexico’s West Coast at Manzanillo rose 13.6 cents to $13.23.

DES prices are NGI’s cost-plus formulations based on natural gas benchmark prices from the supplying country, such as the United States or Trinidad and Tobago. They also factor in shipping costs to Latin America. More than half of LNG imports into Latin America currently come from the United States, according to Kpler data. Some volumes to Latin America are also re-routed from Europe.

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