{"id":17269,"date":"2016-07-26T13:09:56","date_gmt":"2016-07-26T18:09:56","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=17269"},"modified":"2016-07-26T13:09:56","modified_gmt":"2016-07-26T18:09:56","slug":"first-lng-carrier-transits-the-expanded-panama-canal-photos","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/first-lng-carrier-transits-the-expanded-panama-canal-photos\/","title":{"rendered":"First LNG Carrier Transits the Expanded Panama Canal \u2013 Photos"},"content":{"rendered":"

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

The first cargo of LNG entered the expanded Panama Canal on Monday marking the latest in the\u00a0\u2018new era\u2019 of shipping being ushered in with the opening of the canal\u2019s larger locks last month.<\/p>\n

The LNG carrier Maran Gas Apollonia<\/em>\u00a0entered the new Agua Clara locks on the Atlantic side of the Panama Canal Monday morning carrying a cargo of LNG from the U.S. Gulf Coast to Asia.<\/p>\n

The transit marks the first\u00a0natural gas cargo ever through the Panama Canal.<\/p>\n

\"LNG
Photo: Panama Canal Authority (ACP)<\/figcaption><\/figure>\n

The $5.3 billion Panama Canal expansion project was inaugurated\u00a0June 26 with new locks big enough to accommodate most LNG carriers, an entirely new segment for the waterway.<\/p>\n

\"Photo:
Photo: ACP<\/figcaption><\/figure>\n

The Shell-chartered MV\u00a0Maran Gas Apollonia<\/em>,\u00a0measuring 289 meters in length and 45 meters in beam, is sailing from Cheniere Energy\u2019s Sabine Pass export terminal in Louisiana en-route to east Asia. AIS data showed the ship under using engine having already cleared Gatun Lake as of 1:23 p.m. local time.<\/p>\n

A second LNG carrier,\u00a0BP\u2019s LNG carrier\u00a0British Merchant<\/em>, is expected to pass through the Panama Canal\u00a0on Tuesday, followed by a third cargo in early August.<\/p>\n

\"Maran
Several were on-hand to witness the historic transit of the Maran Gas Apollonia, July 25, 2016. Photo: ACP<\/figcaption><\/figure>\n

The Panama Canal Authority said Monday the opening of the expansion and transit of Maran Gas Apollonia<\/em> ushers in a \u201cnew era\u201d for the LNG segment and global LNG trade, with new locks that can accommodate 90 percent of the world\u2019s LNG carriers, according to the ACP.<\/p>\n

\u201cFor example, with the United States poised to become one of the world\u2019s top LNG exporters in the next five years, the Canal will allow vessels departing the U.S. East and Gulf Coast for Asia to enjoy significant reductions in voyage times (up to 22.8 days roundtrip), making U.S. gas deliveries to major Asian importers very competitive. Vessels departing the U.S. Gulf Coast for the West Coast of South America will similarly experience generous time savings\u201d, the ACP said in a statement Monday.<\/p>\n

\u201cIn addition, LNG ships from the production plants in Trinidad and Tobago could head to Chile where LNG is regasified and distributed for energy-producing purposes. For this route, the Expanded Canal provides savings of 6.3 days in transit time compared to the Magellan Strait,\u201d the ACP said.<\/p>\n

\u201cThe transit of the first LNG vessel through the new Panama Canal locks is a milestone in the waterway\u2019s history,\u201d said Panama Canal Administrator and CEO Jorge L. Quijano. \u201cLNG trade will greatly benefit from the Expansion, and we look forward to welcoming even more LNG vessels through our great waterway. This transit marks the beginning of a new era that will result in cleaner and lower cost energy for the world.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The first cargo of LNG entered the expanded Panama Canal on Monday marking the latest in the\u00a0\u2018new era\u2019<\/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":[242,10,12,241,39,34,33,62,219,245,243,7,246,244,44],"class_list":["post-17269","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-bocas-del-toro","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-move-to-panama","tag-offshore-real-estate-panama","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nFirst LNG Carrier Transits the Expanded Panama Canal \u2013 Photos - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, 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