Panama Canal LNG transits spike

GasLog Saratoga in the Panama Canal (Image courtesy of GasLog)

The number of liquefied natural gas (LNG ) carriers transiting the expanded Panama Canal has been steadily rising since July 2016 reaching record highs last year, driven by US exports of shale gas.

The expanded canal is able to accommodate about 90 percent of the world’s current LNG tankers. Only the Q-Flex and Q-Max tankers used for exports from Qatar are not able to use the canal.

The traffic data by the Panama Canal Authority (ACP) shows that the number of transits by LNG tankers spiked to 163 in fiscal year 2017 as compared to 17 in the year before. This represents a year-on-year rise of 859 percent.

In total, 11,992 vessels have transited the canal in fiscal year 2017. There were 1,039 transits of LPG and LNG, placing the combined total fourth in the number of overall transits, according to the data.

Currently, only one LNG carrier is allowed to transit the canal daily. It has been previously reported that the authority is looking to double that number by October 2018.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

2nd Central and Eastern European Small Scale LNG Forum

The Forum is for LNG industry leaders, who want to keep up to date with Small-Scale LNG latest trends and many other topics!

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >