Skip to content
Subscriber Only

BP Will Send First LNG Cargo Through Wider Panama Canal in July

BP Plc will send the first tanker of liquefied natural gas through the expanded Panama Canal in late July, opening up a new trade route for the heating and power-plant fuel as supplies surge.

The British Merchant will begin its journey in Trinidad & Tobago before heading to the canal for passage to the Pacific Ocean, according to an e-mailed statement from the Panama Canal Authority on Tuesday. The tanker, which has a capacity of 138,517 cubic meters of gas, is already anchored in the Caribbean, shipping data compiled by Bloomberg show.