Panama Canal, Lake Charles agreement to attract LNG customers

The Panama Canal Authority (ACP) has signed a cooperation agreement with the Port of Lake Charles in Louisiana, which aims to attract new customers from the LNG industry.

This strategy will build upon the advantages that the expanded Canal will offer. Currently, LNG vessels cannot transit through the waterway due to their beam dimensions, which are too wide to fit the existing locks.

LNG cooperation

The agreement will promote cooperation in marketing activities, information exchange, market research, training and technology, among other initiatives that will benefit both the Canal and the Port of Lake Charles.

Several companies are expected to either start construction of new plants or expand their existing LNG liquefaction capacity over the next few years in the region, with the aim of exporting oil, gas and other products, mainly to Asia through the Panama Canal.

Comments

Commenting on the cooperation, Jorge Quijano, Panama Canal CEO said: "My interactions with potential users of the expanded Canal while in Louisiana have been extremely relevant to understand their expectations, as well as promoting key business strategies and identifying ways to improve efficiency when the Canal Expansion Program is completed.”

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/lng-shipping/15012015/lake-charles-canal-agreement-to-support-lng-52/