Tag: Panama Canal
Expanded Panama Canal reduces shipment time for US LNG to Asian markets
EIA estimates LNG traffic through Panam Canal could reach more than 550 vessels annually, or 1-2 vessels per day, by 2021 The newly expanded Panama Canal will be able to accommodate 90 per cent of the world’s current liquefied natural gas (LNG) tankers with LNG-carrying capacity up to 3.9 Bcf according to the US Energy Information Administration. Prior […]
Panama Canal expansion could positively affect US propane exports to Asia
New, larger Panama Canal locks will allow Very Large Gas Carriers that carries propane/hydrocarbon gas liquids On June 26, the Panama Canal Authority, the body that operates the Panama Canal, will inaugurate a third set of locks, which will allow for the transit of larger ships. This is the first such expansion since the canal […]
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