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Expansion of Panama Canal

Expansion of Panama Canal

The expanded Panama Canal allows very large crude carriers (VLCC) to carry oil from the US Gulf Coast to Asia, at a much lower cost and reduced time than before.

EIA estimates that US LNG traffic through the canal could exceed 550 vessels annually, or one to two vessels per day, by 2021.

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Global Resource Politics: the Past, Present and Future of Oil, Gas and Shale

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