Brazil is importing so much liquefied natural gas (LNG) this year that volumes are close to levels usually seen in countries in Europe and Asia, as the South American country’s electricity system grapples with the worst drought in nearly a century. Brazil’s electricity mix is heavily dependent on hydroelectric power, which accounted for more than 75 percent of electricity generation in 2020, according to data from the International Energy Agency (IEA). Brazil has the largest installed hydropower capacity in South America and accounts…
