9,000 Miles disappear with Panama Canal expansion9,000 Miles disappear with Panama Canal expansionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=62482013-11-21T14:18:00Z2013-09-24T00:00:00Z

SABINE PASS - American LNG producers will profit from the $5.25 billion expansion of the Panama Canal, as the distance to ship U.S. liquefied natural gas from the Gulf Coast to Asia will decrease by 9,000 miles.

The expansion will allow larger ships carrying LNG to make use of the canal enroute to Asia. Currently, only 21 of the existing global fleet of 370 LNG tankers can fit through the Panama Canal and none actually use it, said Commissioner William P. Doyle of the Federal Maritime Commission.

The development of U.S. natural gas resources, together with the expansion of the Canal, will have a “transformative impact on the U.S. energy and transportation landscape," Doyle noted.

A study commissioned in 2011 by the Texas Department of Transportation projected that the Panama Canal expansion will enable Texas to export an additional 15 million tons of cargo to lucrative new Asian markets.

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