Special Report: LNG Update: Panama Canal expansion will loosen LNG trade

03/15/2010
LNG traded from Asia's current and future producers and to its burgeoning markets will likely broaden after 2014. That's when the ongoing expansion of the Panama Canal will be completed.At an LNG conference last year, an official with the Panama Canal Authority said the expansion will permit more than 80% of the global LNG fleet to move through the canal, compared with only 6% of the fleet currently.Effectively, however, no LNG vessels now traverse the waterway because that 6% of the fleet is too small to engage in large, long-haul trade, said the authority's Silvia de Marucci.Currently, locks are 1,000 ft long, she said, precluding vessels longer than 965 ft. Beam, or width, must also no...
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