Shippers hesitate to expedite US LNG cargoes via Panama Canal
Shipping companies and LNG portfolio players are slowly returning to the Panama Canal, where a two-year drought restrained traffic. As northern-hemisphere winter weather is sending natural gas demand soaring, most US LNG cargoes are currently looking for a home in Europe and avoid having to queue up for a costly Panama Canal transit.
US LNG cargo and prices data shows more volumes head for North Asia as European deliveries slow
The US Department of Energy has published its latest LNG export data showing more cargoes pointed at North Asia instead of mainly European nations after prices moderated after mid-year from 2023 highs.
South American nation of Ecuador set for deliveries of LNG in ISO containers amid terminal development plan
US company Sycar said it would soon supply another liquefied natural gas shipment to the South American nation of Ecuador following the first LNG ISO container delivery earlier in January 2022.
AES Colón LNG-to-power project slated to start on Sept 1
Panama’s $1.15 billion AES Colón venture, an integrated LNG import terminal and power plant, is due to start full commercial operation on September 1. Investors inaugurated the project this week.
Gas carrier marks Panama milestone
The LNGC ‘Maria Energy’ has become the 4,000th Neopanamax vessel to transit the Panama Canal.
Panama Canal Authority to give night slots for LNG transits to meet export boost from US
The Panama Canal Authority will boost the number of daily reserved transit slots available for LNG vessels by reserving night-time slots starting in October 2018 and would make more infrastructure improvements to allow another increase by 2022.
Panama import terminal set to form Caribbean regional LNG hub with Dominican Republic
Panama is expected to become the newest LNG importer as the country prepares to take its first LNG shipment at the Costa Norte regasification facility at the port of Colon, near the entrance to the Panama Canal on the Atlantic Ocean.
Panama Canal celebrates one-year anniversary of expansion enabling 140 LNG carrier transits
The Panama Canal has celebrated the one-year anniversary of the entry into operation of its expanded locks and said that during the 12 months there had been almost 140 transits by LNG carriers.
Panal Canal expansion feared 'not enough' for rising US LNG exports
Though start-up of the $5.2 billion Panama Canal expansion is scheduled for January, it may be difficult to accommodate 30 mtpa of LNG from the US Gulf Coast and Trinidad and Tobago - equivalent to 1 LNG ship per day, each way - to reach Pacific via the shortest route, Wood Mackenzie warns.
