Brazil spot LNG buys could increase due to measures to preserve hydropower levels

A recent decision by Brazilian authorities to boost natural gas-fired power generation to ensure grid reliability amid low water levels in reservoirs used for hydropower could increase LNG spot purchases by state-led Petrobras, market sources said Aug. 13. During its most recent meeting on Aug. 7, the Electric Sector Monitoring Committee, or CMSE, led by the energy ministry, recommended measures…A recent decision by Brazilian authorities to boost natural gas-fired power generation to ensure grid reliability amid low water levels in reservoirs used for hydropower could increase LNG spot purchases by state-led Petrobras, market sources said Aug. 13. During its most recent meeting on Aug. 7, the Electric Sector Monitoring Committee, or CMSE, led by the energy ministry, recommended measures…  Read More