GNL 2024: Edición América Latina y el Caribe

The briefing examines the expansion of LNG infrastructure in Latin America and the Caribbean, highlighting significant planned investments in Mexico, Argentina, and Brazil. It argues that these projects risk becoming stranded assets and conflict with global climate goals to limit warming to 1.5°C, suggesting that the region should instead prioritize its abundant renewable energy resources.

• Global LNG terminal development increased by 6% in 2024, with an estimated value of 1.1 trillion dollars, despite IEA recommendations that LNG trade peak this decade to limit global warming to 1.5°C.
• Mexico has the world's third-largest planned LNG export expansion with a proposed capacity of 73.6 mtpa, estimated to cost 54.3 billion dollars. These projects largely rely on US gas from the Permian Basin but face financial, permitting, and legal obstacles.
• Argentina is planning the 'Terminal de GNL de Argentina', a 30 mtpa project that would be one of the largest in the world. It aims to export gas from the Vaca Muerta unconventional basin, which has been described as a 'carbon bomb' that could consume 11% of the global carbon budget for 1.5°C.
• Brazil is pursuing the world's fourth-largest expansion of LNG import terminals with 36.5 mtpa. This expansion is driven by a decline in gas imports from Bolivia and the need for reliable power during droughts that affect hydroelectric generation.
• New LNG terminals in the region are linked to broader gas infrastructure development, including 2,652 km of new gas pipelines and 19.3 GW of new gas-fired electricity capacity.
• Other countries in the region are also developing import capacity, including Chile (FSRU Penco Lirquén, 2.7 mtpa), Nicaragua (FSRU Puerto Sandino, 1.3 mtpa), and Colombia (4.1 mtpa in development).
• The region faces significant financial and geopolitical risks by investing an estimated 123.6 billion dollars in LNG, as market volatility (evidenced by the war in Ukraine) and the rise of renewables may lead to these investments becoming stranded assets.

APA

Global Energy Monitor (2024). GNL 2024: Edición América Latina y el Caribe. https://globalenergymonitor.org/sites/default/files/migration/reports/GEM-Latam-LNG-brief-Oct-2024_Spanish_11.pdf

Chicago

Global Energy Monitor. GNL 2024: Edición América Latina y el Caribe. 2024. https://globalenergymonitor.org/sites/default/files/migration/reports/GEM-Latam-LNG-brief-Oct-2024_Spanish_11.pdf.

Wikipedia

{{cite report |author=Global Energy Monitor |title=GNL 2024: Edición América Latina y el Caribe |date=October 2024 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/GEM-Latam-LNG-brief-Oct-2024_Spanish_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{globalenergymonitor2024gnl, author = {{Global Energy Monitor}}, title = {{GNL 2024: Edición América Latina y el Caribe}}, institution = {Global Energy Monitor}, year = {2024}, month = oct, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/GEM-Latam-LNG-brief-Oct-2024_Spanish_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }