The Panama Canal Authority is evaluating constructing a Liquefied Natural Gas supply terminal on the Pacific Coast, with an investment that could be around $100 million.

Oscar Bazán, executive vice president of Planning and Commercial Development of the Panama Canal Authority (ACP), told Elcapitalfinanciero.com that “… they have already completed an exploratory study to determine the feasibility of installing a liquified natural gas supply terminal (LNG) on the Pacific coast. The study was conducted with cooperation funds from the United States Trade and Development Agency (Ustda).“

See also: “Natural gas plant delays start of operations“

The first objective of this project will be to supply natural gas to ships transiting the Canal.

Bazán explained that “…The second function of the LNG terminal will be distribution of LNG to the region and ultimately supplying power to the city of Panama if the country so requires.“