US LNG Exports to Surge South Via Expanded Panama Canal

MarineLink.com
Tuesday, September 17, 2013
File photo in public domain

The United States is preparing itself to supply much of the additional gas demand of Asia between now and 2025, looking towards an expanded Panama Canal to help it offer a price that its rivals would find hard to match, reports 'The Bulletin Panama'.

An increase in natural gas production in the US, thanks to the shale gas revolution, means that new liquefied natural gas (LNG) projects in Australia, East Africa, Canada and Russia, can no longer count on exports to the world’s largest economy and they will have to focus more on sales to Asia.

According to 'The Bulletin Panama' The distance for US shipments from the Gulf of Mexico to Asia would be reduced to almost 14,484 kilometers after expansion work that will make the Panama Canal large enough for the transit of bigger natural gas carriers. This will allow US exporters to compete in Asia, transforming the US into a growing provider for economies such as Japan, South Korea and Eastern China in the next few years.

Source: The Bulletin Panama

 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Damen Launches First of Two Ro-Pax Ferries

Eighty-meter ice class Ro-Pax ferry MV Veteran was recently launched by Damen Shipyards Galaţi in Romania, the builder announced today.   The vessel represents the first of a two-vessel contract,

U.S. Renews Security Pledge to Japan

U.S. Secretary of State John Kerry told Japanese leaders on Monday that Washington's treaty commitments to Japan's security remain "iron-clad" and cover all territories under Tokyo's administration,

Diana Shipping Acquires Two More Bulkers

Diana Shipping Inc. announces the acquisition of a Kamsarmax dry bulk vessel as well as a newbuild Capesize dry bulk vessel   Diana Shipping Inc. signed, through a separate wholly-owned subsidiary,

Tanker Trends

Tank Coating for Navig8 Chem Carriers

Shipowner Navig8 is progressing the application of Interline9001, a advanced cargo tank coating from AkzoNobel’s International marine product range, on a series

Containers, Crude Drive Q1 Increase at Marseille Fos

A record month for containers and a revival in crude oil imports boosted first quarter throughput at leading French port Marseille Fos to 20.1 million metric tons – up by 1.

Suez Canal Revenues up in March

Egypt's revenue from the Suez Canal was $420.1 million in March, a government website said on Tuesday, up from $382 million in February. The fastest shipping

Finance

Baltic Index Inches Up, Vessel Activity Muted

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, inched up on Monday amid muted shipping activity.   The overall index,

Oil Rallies Briefly after Iran Seizes Cargo Ship

Oil prices rallied briefly on Tuesday after reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship, raised geopolitical

Containers, Crude Drive Q1 Increase at Marseille Fos

A record month for containers and a revival in crude oil imports boosted first quarter throughput at leading French port Marseille Fos to 20.1 million metric tons – up by 1.

Energy

Oil Rallies Briefly after Iran Seizes Cargo Ship

Oil prices rallied briefly on Tuesday after reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship, raised geopolitical

Roxtec Seals for Floating Tidal Turbine

Roxtec provided its waterproof sealing solution to what is called  the largest and most powerful tidal turbine in the world. Roxtec UK managing director Graham

China "Extremely Concerned" by ASEAN Statements

China's foreign ministry said on Tuesday that it was "extremely concerned" after leaders of Southeast Asian countries expressed worry about land reclamation and

LNG

DEME Orders LNG-powered Dredgers from Royal IHC

Royal IHC has been awarded a contract for the design, construction and delivery of two unique low-emission dredging vessels to DEME in Belgium, the builder announced today.

Floating LNG Regasification is Used in Smaller Markets

According to the latest research from the US Energy Information Administration (EIA), floating LNG (FLNG) regasification is being used to meet rising natural gas demand in smaller markets.

Drydocks World Wins Dubai Chamber CSR Label

Drydocks World group the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors has received the Dubai Chamber Corporate

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2103 sec (5 req/sec)