LNG

May 23 (LNGJ) - Brazilian energy company Petrobras is in the market for delivered LNG cargoes as demand increases in South America where Argentina has also been a recent recipient of US volumes from Sabine Pass in Louisiana. A US cargo will be unloaded at the Argentine Bahia Blanca terminal in the southwest of the province of Buenos Aires on June 1. Brazil is a large user of hydropower generation, though when the dry season starts in April and May water levels fall as does electricity output from the system and gas-fired power is needed as a replacement. A Petrobras tender has sought two cargoes for delivery in June and two more shipments to arrive in July, according to the company.