Can The Panama Canal Fulfill Its Global LNG Promise?

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After delays, strikes, and cost overruns, the Panama Canal expansion is finally set to open in April 2016. But the global energy landscape has changed in the eight years since construction began, with opportunities first expanding and now, potentially, contracting. The question today is whether the new canal can still fulfill a promise to transform global LNG trade. When Panamanians approved the expansion project by national referendum in 2007, planners could not have predicted the impact of the shale revolution on the production of natural gas…

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