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LONDON: Panama has imported its first liquefied natural gas (LNG) cargo to commission the newly built $1 billion Costa Norte facility and power plant at Colon, expected to be a launch-pad for LNG trade across Central America. Many utilities in Central America and the Caribbean remain reliant on burning oil to generate electricity, but LNG offers a cleaner, cheaper and more efficient alternative. Shipping data shows the Engie-chartered Provalys tanker arrived last week, carrying a cargo exported from the Sabine Pass plant in Louisiana in March. AES Panama, a unit of U.S. electric utility AES with a 50 percent stake in the facility, announced the delivery on Friday, saying the cargo will supply the 380 megawatt (MW) AES Colon gas-fired power plant as test flows commence. (reuters)
