A roundup of news and commentary from NGI’s LNG Insight

  • The Panama Canal Authority said this week that it would reduce the number of vessels that can transit the waterway from 32 to 25 on Nov. 3. Daily transits would be further cut to 24 on Nov. 8, 22 on Dec. 1, 20 on Jan. 1 and 18 on Feb. 1.
  • The reductions come amid a drought and what the authority said was the driest month since 1950. The cuts could limit the number of tankers moving LNG from U.S. export terminals to Asia and force cargoes to take longer, costlier routes.
  • Foran Energy Group Co. Ltd. has inked a heads of agreement with Cheniere Energy Inc. for 0.86 million metric tons/year (mmty) for 20 years. Deliveries on a free-on-board basis could start in 2028 and are expected to be linked to Henry Hub.
  • China-based Foran,...