Panama Canal's Expansion Has Helped Propane Exports

摘要

The completion of the Panama Canal's third set of locks in 2016 unlocked a spike in propane exports from the U.S. Gulf Coast to Asian markets, the U.S. Energy Information Administration reported on April 29. Within seven months of the opening, monthly propane exports shot up 49% to set a record of more than 34 million barrels. That mark was eclipsed in December 2018.