USTDA Supports Study on LNG Terminal with Panama Canal Authority
June 26, 2015
(USTDA)
PANAMA CITY, Panama – Today, the U.S. Trade and Development Agency awarded a
grant to the Panama Canal Authority (ACP) to support the planning of a liquefied
natural gas (LNG) import terminal. When the Panama Canal expansion project is
completed next year, the Canal is expected to handle significant LNG tanker
traffic. In order to capitalize on this growth, the ACP is interested in
developing LNG-related infrastructure projects, including an import terminal.
“The U.S. Government is very pleased to partner with the Panama Canal Authority
through this USTDA grant as the ACP looks to develop a LNG import terminal in
the coming years to take advantage of the Canal expansion project,” said Chargé
d’Affaires Kevin M. O’Reilly, who signed the grant agreement along with ACP
Administrator/CEO Jorge L. Quijano.
"As we near the completion of the Panama Canal Expansion, we are eager to
explore new segments such as LNG, which are now possible given our enhanced
capacity to accommodate longer and wider ships. This grant by the USTDA will
build on plans and projects related to LNG that are already ongoing and will
present us with the ability to evaluate additional market opportunities and
client services for the benefit of the U.S.-Panama energy trade," said Quijano.
The USTDA-funded feasibility study will help the ACP set strategic priorities
and plan projects related to LNG infrastructure and natural gas utilization at
the Panama Canal. The LNG terminal is anticipated to support the implementation
of maritime- and energy-related projects that will accommodate increased
shipping traffic through the expanded Canal.
The opportunity to conduct the USTDA-funded feasibility study will be competed
through Federal Business Opportunities (FBO). A link to the FBO announcement
will be posted to USTDA’s website at www.ustda.gov. Interested U.S. firms should
submit proposals according to the instructions in the FBO announcement.
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