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Nakilat to expand its global outreach through Panama Canal LNG transits

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LNG Industry,

Nakilat has conducted compatibility studies and thorough assessments of Q-Flex class LNG carriers, specifically looking into their ability to safely transition through the new locks in the near future.

In 2018 Nakilat’s four very large LPG carriers (VLGCs) delivered 1.34 million t of gas to international markets in 2018, with most of them utilising the newly expanded Panama Canal to reduce voyage durations.

The Panama Canal is one of the most commonly traversed waterways connecting the Pacific and Atlantic Oceans. Its expansion in 2016 allowed for bigger vessels (Neopanamax), such as LNG carriers, to now transit through the canal locks as they make their journey from East to West and vice versa. Passage through the canal allow vessels to shorten their voyage by about 13 000 km, leading to shorter delivery times as well as operational cost savings.

Since the new Panama Canal has been in operation, Nakilat’s LPG vessels have transited through the canal 16 times while its joint-venture conventional LNG vessels have completed 38 transits.

The flexibility of going through the new Panama Canal has not only enabled Nakilat to widen its international outreach and cement its position as a global leader of energy transportation, but it has also allowed the company to exceed customer satisfaction.

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