Panama Canal sidelined as US LNG flows shift decisively toward Europe
US LNG exports are increasingly bypassing the Panama Canal in favour of Europe, seen as a more attractive market than Asia in terms of pricing, liquidity and logistical reliability.
| Sector | Gaz, GNL |
|---|---|
| Theme | Marchés & Finance, Analyse sectorielle |
US liquefied natural gas (LNG) exports are now heavily concentrated in Europe, significantly reducing the strategic role of the Panama Canal in intercontinental energy flows. In November, nearly 70% of US LNG cargoes were shipped to Europe, compared to just 16% to Asia. This redirection is reshaping global LNG trade routes and weakening Panama’s position as a key node in transpacific exchanges.
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