The US Trade and Development Agency (“USTDA”) awards the Panama Canal Authority (“ACP”) with a grant in support of their plans to add an LNG import terminal.
The famous Panama Canal, whose expansion is expected to be completed by next year, is looking at the possible development of LNG-related infrastructure to handle more traffic from LNG tankers. Toward this end, the Panama Canal Authority is partnering with the United States government via the USTDA, which is awarding a grant to the ACP for a feasibility study. The study would be able to help the ACP on setting strategic priorities and make better plans relating to their LNG infrastructure and natural gas projects.
Indeed, many in the maritime industry are hot on the lookout for a future in maximizing the potential of LNG or Liquefied Natural Gas, said to be the cleanest-burning fossil fuel in the world. Just check out some of our recent blog posts: “Environment-Friendly Power For Ferries and Cruise Ships” and “Carnival’s Next-Gen “Green” Ships: Powered by LNG.”
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^ Haun, Eric. “US Backs Study into Panama Canal LNG Terminal.” MarineLink.com, 26 Jun 2015. Web. 06 Jul 2015. http://www.marinelink.com/news/panama-backs-study393683.aspx
^ Labrut, Michele. “Panama Canal gets US grant for LNG terminal study.” Seatrade Maritime News, 29 Jun 2015. Web. 06 Jul 2015. http://www.seatrade-maritime.com/news/americas/panama-canal-gets-us-grant-for-lng-terminal-study.html
^ Lakshmi, Aiswarya. “Panama Canal Plans LNG Terminal.” MarineLink.com, 27 Jun 2015. Web. 06 Jul 2015. http://www.marinelink.com/news/terminal-panama-plans393702.aspx
^ “LNG Terminal Planned for Panama Canal.” The Maritime Executive, 26 Jun 2015. Web. 06 Jul 2015. http://www.maritime-executive.com/article/lng-terminal-planned-for-panama-canal
^ “USA Bankrolls Panama Canal LNG Terminal Feasibility Study.” World Maritime News, 29 Jun 2015. Web. 06 Jul 2015. http://worldmaritimenews.com/archives/164894/usa-bankrolls-panama-canal-lng-terminal-feasibility-study/