{"id":16067,"date":"2016-03-09T14:57:54","date_gmt":"2016-03-09T19:57:54","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=16067"},"modified":"2016-03-09T14:57:54","modified_gmt":"2016-03-09T19:57:54","slug":"panama-400000-tons-of-lng-could-be-imported-per-year","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-400000-tons-of-lng-could-be-imported-per-year\/","title":{"rendered":"Panama: 400,000 tons of LNG Could Be Imported per Year"},"content":{"rendered":"

\"lng<\/a><\/p>\n

The company Engie has also announced the construction of a plant with storage capacity of 180,000 cubic meters for the generation of 350 MW.<\/p>\n

From a statement issued by Engie<\/a>:<\/p>\n

ENGIE announces the signature of a binding Memorandum of Understanding with Gas Natural Atl\u00e1ntico, under which ENGIE will supply up to 400,000 tonnes of LNG per year from 2018 on a 10-year period at Costa Norte LNG Terminal in the Colon Province, Panama<\/a>.<\/p>\n

Both subsidiaries of AES in Panama, Costa Norte LNG Terminal and Gas Natural Atl\u00e1ntico are currently developing an integrated LNG to power project at the entrance of the Panama Canal, to come on-line in 2018.<\/p>\n

The project includes an LNG import terminal with 180,000 cubic meter storage capacity, which will provide natural gas to a 350 MW CCGT. This new Combined Cycle Gas Turbine will contribute to developing and securing Panama\u2019s power demand by complementing the country\u2019s hydro-power generation.<\/p>\n

G\u00e9rard Mestrallet<\/a>, Chairman and Chief Executive Officer of ENGIE, commented: \u201cWe are pleased to enter into this long-term relationship with AES in Panama, with the perspective of broader common developments in the region in the field of natural gas. We consider natural gas<\/a> as a key component, alongside the renewable energies, of the energy transition which is currently taking place on a global scale. It is ENGIE\u2019s commitment to foster its expansion worldwide, in particular in the form of LNG as a flexible, clean and competitive energy supply.\u201d<\/p>\n

ENGIE is a global LNG player and the main European LNG importer, with a diversified LNG supply portfolio and a fleet of 14 LNG carriers, including two Floating Storage and Regasification Units (FSRU). ENGIE constantly optimizes its LNG sourcing and shipping portfolio both to manage long term commitments and short term opportunities. The Group owns and operates several LNG terminals around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company Engie has also announced the construction of a plant with storage capacity of 180,000 cubic meters<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16067","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"\nPanama: 400,000 tons of LNG Could Be Imported per Year - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-400000-tons-of-lng-could-be-imported-per-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panama: 400,000 tons of LNG Could Be 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