Is Panama a destination for LNG exporters?
For LNG exporters, Panama can now be a destination rather than just a transit through the Panama Canal. Costa Norte Terminal, located in Colon, at the Caribbean entrance of the Panama Canal, is the first LNG facility in Central America. It has a 180,000 cubic meters storage tank, designed as a hub facility, can fill tankers and reload gas carriers.
Where does LNG come from in Panama?
It has a 180,000 cubic meters storage tank, designed as a hub facility, can fill tankers and reload gas carriers. The LNG imported to Panama is from Texas and Louisiana and is destined for Panama and other Central American countries. The National Energy Plan (PEN) envisions that by 2030, 15% of Panama’s generation capacity will come from LNG.
Where is the colon multi-thermal power plant project located?
(Photo:POSCO E&C) POSCO Engineering and Construction Co. (POSCO E&C) kicked off the construction of the Colon Multi-Thermal Power Plant Project in the Telfers Industrial Complex in Colon Province, Panama, in a ceremony on April 27 at the complex.
Why is Panama a great LNG hub?
Panama is well known for its strategic geographical location and as a trade and financial hub for the Americas. With the first LNG terminal in the Region and a long-term government strategy, Panama is well-positioned to be the LNG hub and a key player in Central America’s energy integration.
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He will take part in a ribbon-cutting ceremony at the new AES LNG power facility in Colon, Panama, and later, will sign the MoU with members of Panama''s government at the Presidential Palace in Panama City. Under the MoU, the two countries will cooperate to: Further diversify Panama''s sources of energy to power the country''s economic growth;
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