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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