BP sets first LNG tanker canal transit

摘要

BP Plc made the first LNG tanker transit of the enlarged Panama Canal at the end of July. The 138,517-cubic-meter British Merchant left Trinidad and Tobago for the Pacific market. According to the Panama Canal Authority, at the end of the second quarter there were no other LNG tankers scheduled to traverse the canal this year. Part of this lack of LNG shipments is because U.S. shippers are focusing more on Europe and South America as the price spread to Asian markets is tightening due to lower prices and an oversupplied market.