Panama Canal starts process to select firms to build, operate LPG pipeline

Core Insights - The Panama Canal is initiating a competitive process to select a company for the design, construction, and operation of a liquefied petroleum gas (LPG) pipeline [1] - The project is projected to require an investment between $4 billion and $8 billion and aims to meet increased service demand and generate additional revenue [2] - The pipeline is expected to transport U.S. LPG to Asia and will include a power transmission line [3] Investment and Revenue Potential - The pipeline is forecasted to contribute between $1 billion and $1.2 billion to the canal's annual income [2] - The canal anticipates a profit of $3.5 billion for the fiscal year ending in September, consistent with the previous year's results [5] Project Timeline and Stakeholders - A pre-qualification process will follow the initial meetings with interested companies, with the winner expected to be selected in the last quarter of 2026 [4] - Companies that expressed interest in the project include Exxon Mobil, Phillips 66, Shell, Energy Transfer, Puma Energy, SK Energy, Vitol, Mitsubishi, Itochu, and Sumitomo [3]