The LNG imports to Chile from 2013 through 2022 demonstrate variability with notable declines in 2019 (-22.18%) and 2020 (-5.18%) and a peak in growth in 2016 (21.48%). Between the years 2013-2022, the Compound Annual Growth Rate (CAGR) varied, showcasing moderate to weak growth trends. Forecasts for 2023-2028 suggest a positive but modest CAGR of 1.79%, with an overall 5-year growth rate of 9.28%.
As Chile looks towards energy diversification and cleaner energy sources, LNG imports are expected to grow, influenced by regional energy policies and global LNG market dynamics. Monitoring political developments and environmental regulations will be crucial to understanding future import trends.
