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New rules at Panama Canal expected to boost LNG industry in US

Dec 10, 2018 04:30 PM

The Gulf Coast's Cheniere Energy is the canal's top LNG transporter

Courtesy Houston Chronicle

(HOUSTON) — New rules allowing more liquefied natural gas (LNG) tankers to pass through the Panama Canal each day are expected to boost the development of the multibillion-dollar industry along the U.S. Gulf Coast, the Houston Chronicle reported.

Under rules that went into effect in October, two LNG tankers traveling in opposite directions are allowed to be in the waterway’s central lake at the same time. The canal opened to LNG tankers in June 2016, but administrators had limited that traffic to one tanker per day during daylight hours.

Jorge Barakat, minister of maritime affairs for the Panama Maritime Authority, said that as many as four to five LNG tankers have passed through the canal in a single day.

The new rules come ahead of the LNG industry’s anticipated expansion along the U.S. Gulf Coast. Houston-based Cheniere Energy has emerged as the canal’s top customer among LNG exporters, moving cargoes from its Sabine Pass processing plant in Louisiana through the canal to customers in Asia. Cheniere moved 62 shipments going through the Panama Canal last year.

Click here to read the story.

Dec 10, 2018 08:35 pm
 Posted by  MaritimeNetworking

LNG ships 25 percent American if entering U.S. waters for LNG trade!

Whatever happened to the federal government ruling for 25 percent Americans to be on board foreign-flag LNG ships doing business in U.S. waters?

All these foreign-flag LNG ships, especially in GOM, are not having the requirement. Why not?

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