Panama Canal

Panama Canal Congestion Easing as Europe Drawing More LNG Cargoes

Panama Canal Congestion Easing as Europe Drawing More LNG Cargoes

Shipping congestion that has slowed passage through the Panama Canal since last year amid strong demand for liquefied natural gas (LNG) and other goods between Asia and the United States has finally eased, after wait times peaked at 16 days for vessels with unreserved slots.  The historic cold that left Asian inventories depleted last winter…

December 16, 2021
LNG Cargoes Drive Record Tonnage at Panama Canal

LNG Cargoes Drive Record Tonnage at Panama Canal

The Panama Canal Authority said a record amount of tonnage passed through the waterway during fiscal year (FY) 2021, a milestone driven in large part by liquefied natural gas (LNG) cargoes, which saw the largest increase. “LNG is not only growing the fastest, but it has had its best year in terms of tonnage through…

November 3, 2021
Natural Gas Forward Prices Explode as Ida Adds to ‘Precarious’ Storage Outlook

Natural Gas Forward Prices Explode as Ida Adds to ‘Precarious’ Storage Outlook

Though long gone from the Gulf Coast, Hurricane Ida’s devastation continued across the eastern United States ahead of the Labor Day weekend, wiping out significant production and causing widespread power outages along the way. Supply’s slow expected recovery fueled bullish momentum across natural gas forward curves for the trading period ending Sept. 1, resulting in…

September 3, 2021
LNG 101: The Panama Canal’s Impact on Global Gas Markets

LNG 101: The Panama Canal’s Impact on Global Gas Markets

The Panama Canal is a vital passage for moving goods from the Atlantic to Pacific oceans faster, and since its expansion in 2016 to accommodate larger vessels and increasing liquefied natural gas (LNG) traffic, it’s become a crucial route in moving LNG from the United States to Asia in a timely manner.   LNG traffic has…

January 28, 2021

U.S. Feed Gas Deliveries Plummet on Gulf Coast Fog — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Wood Mackenzie said feed gas deliveries to U.S. terminals fell by nearly 730 MMcf day/day to 8.93 Bcf on Thursday based on evening cycle nominations. The declines are concentrated at Cheniere Energy Inc.’s Sabine Pass terminal, “where heavy fog has significantly affected visibility” and disrupted…

January 21, 2021
Increased U.S. LNG Exports to Asia Said Driving Up Spot Charter Rates

Increased U.S. LNG Exports to Asia Said Driving Up Spot Charter Rates

Increased U.S. liquefied natural gas (LNG) exports to Asia this winter have driven LNG vessel spot charter rates to two-year highs of $130,000/day, according to an analyst at shipbroker Poten & Partners. “It is clear that the U.S. is the swing supplier for the LNG market,” said Poten’s Jefferson Clarke, head of LNG shipping analytics,…

December 18, 2020
Panama Canal Delays Leave Fewer Ships Available for Booming U.S. LNG Exports

Panama Canal Delays Leave Fewer Ships Available for Booming U.S. LNG Exports

Liquefied natural gas (LNG) vessels have been waiting longer to pass through the Panama Canal in recent weeks, tightening an already stretched shipping market and creating logistical issues for U.S. LNG exports at a time when global gas prices are moving higher.  “There is no doubt that this has created some headaches in LNG trade,”…

December 9, 2020