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PANAMA EXPANSION

Immediate threat to S'pore partly offset in the next two years

Decline in LNG spot prices expected to lead to slow take up in shipping US gas to East Asia via expanded waterway
Monday, July 18, 2016 - 05:50

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A liquefied natural gas (LNG) carrier undergoes repairs at a shipyard in Singapore. Given Singapore's proximity to large, developing LNG-producing and exporting projects in Australia, the Panama Canal may have limited bearing on the LNG trade in Singapore.

Singapore

THE Panama Canal Authority (ACP) took nine years to deliver the expansion project that was once touted as a game-changer to the world trade in liquefied natural gas (LNG).

It was thought when the project was conceived that the expanded canal, capable of allowing the

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