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The Canal of Panama and the Natural Gas Revolution

In: The Canal of Panama and Globalization

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  • Andrew R. Thomas

    (University of Akron)

Abstract

By nearly every measure, the operation of the Canal since 2000 has been a tremendous success for Panama and the global economy. In fiscal year 2021 (October), a record amount of tonnage passed through the Canal. This was more than a 10% increase over fiscal year 2019, which was prior to the COVID-19 pandemic. Despite massive interruptions in global supply chains resulting from measures in response to the virus, the Canal saw increases in the different kinds of cargo that it handles. 2021 also witnessed the continued growth of the Canal’s fastest rising segments: liquid natural gas (LNG), which rose by more than 30% over 2019, and natural gas liquids (NGLs), which rose by more than 20%.

Suggested Citation

  • Andrew R. Thomas, 2022. "The Canal of Panama and the Natural Gas Revolution," Springer Books, in: The Canal of Panama and Globalization, chapter 0, pages 59-74, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-05152-4_4
    DOI: 10.1007/978-3-031-05152-4_4
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