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Panama Canal expects increased LNG traffic

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LNG Industry,

Reuters is reporting that, according to the head of the canal's governing agency, the number of LNG tankers passing through the Panama Canal is expected to rise by 50% by September 2018 due to the growing number of exports from the US.

After adding a third set of locks in 2016, the Panama Canal Authority expects that growing global demand for LNG will boost transit through the waterway, said Jorge Quijano. "We are about to reach one (LNG tanker) per day".

In Q4 of 2017 the canal received 60 LNG tankers, a sharp rise from the 43 that passed through during Q4 of 2016.

The majority of the shipments originate in the US and are bound for delivery to the Pacific coast of Mexico and South America.

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