‘Cuarto carril sin agua’: Canal de Panamá apuesta por gasoducto para mover energía entre océanos | La Prensa Panamá

Panama Canal's Energy Corridor: A New Gas Pipeline

The Panama Canal Authority (ACP) is expanding its operations beyond maritime transport by developing a gas pipeline, dubbed the 'energy corridor,' to move gas between the Atlantic and Pacific Oceans. This project aims to create a new revenue stream and enhance Panama's role in global logistics.

Project Details

The pipeline is envisioned as a 'fourth lane' for the Canal, but without water usage. Instead of ships traversing the locks, gas would be transferred between vessels at opposite ends of the isthmus via the pipeline. This significantly reduces operational costs by eliminating water tolls, locomotive use, and pilotage fees.

• The project will utilize an undeveloped area between Colón and Arraiján.
• Gas will be transported from export ports in Texas and Louisiana, primarily to Asian markets.
• The ACP is considering a concession model where companies design, build, and operate the pipeline, while the Canal retains ownership and collects a per-cubic-meter toll.

The ACP has not disclosed the project cost, tender date, or completion timeline. Potential bidders include corporations specializing in pipeline operations, many of whom deem the venture financially viable.

Land Acquisition and Route

In 2023, the ACP acquired 2,361 hectares of land for $550 million, potentially related to the pipeline's western side development. This acquisition is attributed to safeguarding the environment and ensuring sustainable development.

Competition and Market

The pipeline aims to capture a portion of the LNG market share currently held by Middle Eastern countries. Major consumers include China, Japan, and South Korea, which utilize this gas for domestic and industrial purposes.