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Brazil Needs More LNG Amid Worst Drought in Decades

by Bloomberg |Thursday, June 03, 2021 Latin America s biggest economy is becoming a hot spot for LNG as hydropower output declines. (Bloomberg) Brazil’s worst water crisis in almost a century is turning Latin America’s biggest economy into a hot spot for liquefied natural gas. As hydropower output declines, South America’s most populous nation is turning to the super-chilled fuel to keep lights on for its 212 million people. Brazil has already imported a record number of LNG cargoes just from the U.S. this year while state-run oil company Petrobras SA is tapping the spot market for another four.

Maersk Wants $150 a Ton Carbon Tax on Shipping Fuel

$540MM Louisiana Pipeline Project Clears Hurdle

FERC has granted approval for Enable Midstream to construct and operate the Gulf Run Pipeline project. Enable Midstream Partners, LP. (NYSE: ENBL) reported Wednesday that it has secured Federal Energy Regulatory (FERC) approval to construct and operate the Gulf Run Pipeline project under section 7(c) of the Natural Gas Act. Announced in 2018, Gulf Run will extend from North Louisiana to the Gulf Coast and carry natural gas originating in the Haynesville, Marcellus, Utica, and Barnett shale plays as well as the Mid-Continent region, according to Enable’s website. In addition, the company stated the planned 42-inch-diameter pipeline is backed by a 20-year commitment for 1.1 billion cubic feet per day (Bcf/d) from cornerstone shipper Golden Pass LNG.

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