{"id":24781,"date":"2018-12-03T11:18:30","date_gmt":"2018-12-03T16:18:30","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=24781"},"modified":"2018-12-03T11:18:30","modified_gmt":"2018-12-03T16:18:30","slug":"new-rules-panama-canal-expected-boost-u-s-lng-industry","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/new-rules-panama-canal-expected-boost-u-s-lng-industry\/","title":{"rendered":"New rules at Panama Canal expected to boost U.S. LNG industry"},"content":{"rendered":"

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New rules allowing a greater number of liquefied natural gas tankers to pass through the Panama Canal per day are expected to boost the development of the multibillion dollar industry along the U.S. Gulf Coast.<\/p>\n

The rules went into effect in October. Canal officials now allow two LNG tankers traveling in opposite directions to be in the waterway\u2019s central lake at the same time. The canal opened to LNG tankers in June 2016, but administrators had limited that traffic to one tanker per day during daylight hours.<\/p>\n

Jorge Barakat, minister of maritime affairs for the Panama Maritime Authority, said that as many as four to five LNG tankers have passed through the canal in a single day. The Panama Maritime Authority registers ships traveling through the canal.<\/p>\n

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\u201cLNG is very important for the Panama Canal,\u201d said Barakat, while in Houston for Panama Week Texas, an annual event to promote business ties between the state and Central American nation. \u201cIt\u2019s increasing the amount of vessels that transit through the canal.\u201d<\/p>\n