RIO DE JANEIRO, BRAZIL - Brazil's imports of liquefied natural gas (LNG) are expected to hit a record high in September, data from Refinitiv and consultancy Kpler showed, at a time when U.S. cargoes usually destined for Europe are being diverted to help the Latin American country deal with energy shortages.
Brazil must import a record volume of LNG to deal with the energy crisis.
The worst drought in nearly a century in reservoir areas has affected generation from hydroelectric plants that typically supply almost two-thirds of Brazil's electricity.
The country, as a result, has turned to . . .