Saturday 16 January 2021

New gas-to-power scheme for Panama

Liquefied natural gas (LNG) shipping company Gaslog Ltd said on Wednesday it had struck a deal to lease a tanker for 10 years to a gas-to-power project in Panama being developed by a Chinese company and supplied by Royal Dutch Shell.

Gaslog will convert the Gaslog Singapore, currently used as a conventional LNG tanker on the short-term spot market, into a floating storage unit (FSU) that will receive and store LNG off the coast of Colon, a port on the mouth of the Panama canal, Reuters reports.

The LNG will then be piped to an onshore regasification facility and the consequent gas used as feedstock in a power plant being built by Sinolam Smarter Energy LNG Power Co, a unit of private Chinese investment firm Shanghai Gorgeous.

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Article first appeared at Today Panama, click here to go there

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Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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Article first appeared at Today Panama, click here to go there

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