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

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 passage of a typical 170,000 cubic metre, long-haul LNG carrier (LNGC), would result in dramatic time and cost savings when sending LNG cargoes from the US to gas-hungry Asia.