(Bloomberg; August 10) - The newly expanded Panama Canal has significant implications for LNG trade by reducing travel time and transportation costs for LNG shipments from the U.S. Gulf Coast to key markets in Asia and providing additional access to previously regionalized LNG markets. The canal's deeper channels can accommodate enormous LNG tankers, shaving 11 days and one-third the cost of the typical round trip to Asia. The expansion effort cost more than $5 billion and took nine years to construct.
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