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SCT&E LNG returns from trade mission to Panama

LNG Industry,

Greg Michaels, CEO and Chairman of SCT&E LNG, has returned from a successful trade mission to Panama.

Michaels was a delegate representing business development for the state of Louisiana. Organised by the Louisiana District Export Council, the trade mission was a strategic opportunity for the company to promote its proposed LNG manufacturing and export facility.

Commenting on the success of the mission, Michaels said: "The Louisiana District Export Council did an outstanding job of opening the door for SCT&E LNG to Panamanian business leaders and government officials by setting high level meetings."

Access to industry principals allowed Michaels to promote SCT&E LNG’s US$ 9.25 billion natural gas liquefaction and export project on Monkey Island in Cameron Parish, Louisiana. Representatives from the Port of South Louisiana, the Port of New Orleans, the Plaquemines Port Harbor & Terminal District, the Port of Caddo-Bossier, and the Port of Lake Charles contributed to a full understanding of the role SCT&E LNG's Monkey Island project will play in the US economy.

As part of the trip, Michaels attended a tour of the Panama Canal Expansion Project. With an overall program cost of US$ 5.25 billion, the project will increase the canal's capacity and allow for larger vessels to transit the waterway.

As the only nation with ports in two oceans, Panama will facilitate more cost-effective shipping following completion of the canal expansion. This is important for US natural gas exporters, who will now be able to transport LNG at reduced shipping rates to Asia.

In addition to the SCT&E LNG project on Monkey Island, Michaels also spoke to Panamanian officials about their need for additional power plants and Panama's desire for an LNG terminal.

Adapted from press release by Katie Woodward

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