Panama Canal LNG vessel bottleneck could last until March
Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although the canal’s regulator said it had made changes to speed up transit.
The price of liquefied natural gas (LNG) and shipping rates have hit record highs because of the bottleneck, supply constraints and heavy demand from Asia, where freezing weather has placed the energy supply system under strain.
Ships carrying LNG from the United States to meet the Asian demand waited for up to two weeks in December to navigate the canal. The authority told Reuters by email the wait had halved to one week.
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Colombia s gas challenge [NGW Magazine]
Jan 15, 2021 7:15:am
Summary Falling production and a determination to remain self-sufficient do not sit easily together: but the government can do more to encourage domestic production. [NGW Magazine Volume 6, Issue 1]
by: Brunno Braga
Natural gas has been fuelling debates within Colombia`s energy segment. Dealing with a decline in its gas reserves and facing the risk of not meeting natural gas demand over the next few years, the South American country is racing against the time to maintain its promise of offering cleaner energy sources, where gas can play an important role.
In January 2020 the energy ministry announced an energy transition plan through which the use of fossil fuels will be gradually replaced by cleaner energy sources. As part of this transition, natural gas will help reduce coal and oil products. Natural gas generates 8% of Colombian energy, while coal and oil products account for a half.
RIO DE JANEIRO/PANAMA CITY Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to…