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LNG Exports Via Panama Canal Remain Constrained: Platts

LNG

LNG exports via the Panama Canal continue to be constrained, according to Platts.

  • In January, around 335k mt of US LNG exports transited through the Panama Canal, compared to 614k mt in December.
  • So far in February, no volumes have transited through the Panama Canal, with no expectation of any volumes heading that route for the remainder of Feb.
  • "Canal constraints remain a risk in the market. Due to a drought situation impacting the Panama Canal, slots have been restricted to just 15 laden cargoes per month," Ayush Agarwal, LNG analyst at S&P Global said.
  • "While this does not pose a major risk in the next three years due to ample new tonnage, concerns may arise in the event of weaker growth in new tonnage after 2026 and a persistent Panama Canal constraint." He added.
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