Economy Politics Country 2026-01-30T19:11:15+00:00

Panama Canal Launches Energy Corridor and Port Terminal Projects

The Panama Canal has published prequalification documents for a gas pipeline and port terminal development projects on the Atlantic and Pacific coasts. These initiatives are part of a strategy to strengthen Panama's position as a global logistics hub.


Panama Canal Launches Energy Corridor and Port Terminal Projects

The Panama Canal published today the prequalification documents for the projects of an energy corridor or gas pipeline, as well as for the development of port terminals on the Atlantic and the Pacific. The Prequalification Documents published on the Panama Canal's website (https://concesiones.delcanal.com) will indicate to interested parties how to provide the necessary documentation to participate in the bidding processes for these initiatives. The documentation provided will then be verified by a Technical Evaluation Board, which, in compliance with the requirements established in the document, will evaluate said documents in accordance with the criteria contained in the respective documents. The Board of Directors of the Panama Canal approved the publication of the prequalification documents after the Administration held approaches with industry representatives through individual meetings. Energy Corridor This initiative contemplates a gas pipeline of approximately 76 kilometers, with access to terminals on the Atlantic and the Pacific, designed to transport propane, butane, and ethane, with a capacity to transport up to 2.5 million barrels per day across the isthmus, without requiring transit through locks or additional consumption of fresh water from the Canal. For the development of the energy corridor or gas pipeline, meetings were held with the following companies: ENEOS, Energy Transfer, ExxonMobil, Enterprise Products Partners, Chevron, Fortress Investment Group, Gyxis Corporation, Itochu Corporation, NMDC Group, Vopak, Astomos Energy, Kawasaki Kisen Kaisha, Iwatani, I Squared, Movement Industries, Otamerica (Oiltanking America), Phillips 66, SK Gas, Sumitomo Corporation, SMBC (Sumitomo Mitsui Banking Corporation), Targa Resources, Ultranav and ONEOK. Port Terminals The initiative contemplates the development of two container transshipment terminals, one on the Atlantic and one on the Pacific, with the objective of increasing the national transshipment capacity by an additional 5.0 to 6.0 million TEU per year, consolidating Panama's leadership as a competitive global intermodal center. Following contact with port sector companies, the Panama Canal has held individual meetings with representatives from the companies: APM Terminals, Cosco Shipping Ports, CMA Terminals, DP World, Hanseatic Global Terminals, MOL, PSA International, SSA Marine–Grupo Carrix, Terminal Investment Limited, ONE, Evergreen. Land for Strategic Development It is worth highlighting that, with the objective of securing key areas for the development of strategic projects, the Board of Directors of the Panama Canal authorized a real estate purchase and sale operation with the Nation, through the Ministry of Economy and Finance. This operation will allow the Panama Canal to incorporate areas necessary for initiatives linked to strengthening the intermodal logistics hub. Multisectoral Social Approach The Canal's strategic projects incorporate a social and environmental approach from their design, recognizing that logistics and infrastructure development must go hand in hand with the well-being of the communities living in the Canal's areas of influence, both on the Atlantic and the Pacific. Both the energy corridor and port infrastructure development are part of the Panama Canal's Strategic Vision 2025-2035, aimed at diversifying services, strengthening operational resilience, and consolidating the country's position as a reference global logistics center.