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Markets & Forecasts

Panama Canal to increase in importance for world LNG trade

The Panama Canal will become increasingly critical for the global LNG trade as US liquefaction plants ramp up production towards the end of the decade The Panama Canal will become increasingly critical for the global LNG trade as US liquefaction plants ramp up production towards the end of the decade.
By Peter Stewart 16 August 2017 Americas / LNG 0 27223
The Panama Canal will become increasingly critical for the global LNG trade as US liquefaction plants ramp up production towards the end of the decade. (US Department of Transport)

The Panama Canal is one of seven choke points tracked by the United States Energy Information Administration (EIA) that are vital to global oil and gas trade flows but are so narrow they could be easily blocked in the event of conflict or a maritime incident. Around 85% of globally traded LNG flows through these choke points, which also include the Strait of Hormuz between Iran and Oman; the Strait of Malacca, which links the Indian and Pacific Ocean; the Suez Canal and the parallel...