Panama Canal opens way for more LNG tankers with U.S. exports rising

The Panama Canal Authority will ramp up the movement of massive liquefied natural gas tankers through the waterway starting in October, as U.S. exports of the fuel are set to expand.

Under the new rules, the ships can traverse the canal at night, and two at a time can be on Gatun Lake, the man-made waterway at the canal’s north end. The changes will let two tankers move through the canal in different directions at the same time, officials said. The authority will also better identify “ghost bookings” by companies that reserve slots in advance, then fail to show.

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