Panama Canal US agency agrees with an LNG terminal

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The Panama Canal Authority (ACP) concluded a technical cooperation agreement with the US Agency for Trade and Development, with the aim of promoting the planning of a terminal for liquefied natural gas (LNG).

According to the ACP, with enlargement, the Interoceanic route will be able to serve the segment of LNG vessels, so the Panama Canal plans to develop projects in this market, including a terminal.

“As we approach the completion of the expanded canal, and are exploring new segments such as liquefied natural gas, which can serve because they have the ability to receive larger vessels,” said Panama Canal Administrator, Jorge Luis Quijano.

For the Panamanian official, the agreement will contribute to the development of plans and projects related to LNG Panama Canal and forward.

“This agreement will allow us to evaluate additional opportunities for market and client services that benefit energy trade between Panama and the United States,” noted Quijano.

For his part, responsible for Economic Affairs of the US agency, Kevin O’Reilly, he said the signed agreement “will support the future development of an LNG terminal, to take advantage of enlargement”.

The feasibility study will help develop strategic plans and priorities of the Panama Canal LNG related infrastructure and the use of natural gas through the waterway, said the ACP.

He stressed that “an LNG terminal is part of the implementation of maritime and energy projects that will enhance the opportunities generated by the increased capacity of the expanded channel”.

Fuente: www.marcotradenews.com/

Ernesto Chong de León, Ernesto Emilio Chong Coronado