LNG

Panama no panacea for Latin America’s weak LNG demand

Panama’s LNG imports will not be sufficient to boost Latin America’s demand for the fuel, but they will provide an opportunity for small-scale LNG in the region Panama’s LNG imports will not be sufficient to boost Latin America’s demand for the fuel, but they will provide an opportunity for small-scale LNG in the region.
By Abhishek Kumar 22 June 2018 0 31435
A vessel passes through the Panama Canal. (PCA)

Directional impact on forecast:
Positive for small-scale LNG in Latin America and the Caribbean

Panama imported its first LNG cargo this month. The shipment, which came from the Sabine Pass plant in the United States, will be used to start up the 1.5 mtpa Costa Norte LNG terminal and a gas-fired power plant being built at Colón. The terminal is strategically located near the Caribbean entrance to the Panama Canal and will provide gas feedstock to the power plant. More importantly, Costa Norte is...