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Energy Transfer explores LPG asset partnership in Panama

August 2, 2021 By    

The Republic of Panama and Dallas-based Energy Transfer LP signed a memorandum of understanding (MOU) to study the feasibility of joint participation in a proposed Trans-Panama Gateway Pipeline project.

Panama Canal photo: 35007/E+/Getty Images

The Republic of Panama and Energy Transfer agreed to study the development of LP gas assets in Panama. (Photo: 35007/E+/Getty Images)

The non-binding MOU signed in Dallas by Energy Transfer Executive Chairman Kelcy Warren and Panama President Laurentino Cortizo Cohen would expand Energy Transfer’s international operations into new markets while providing Panama the opportunity to establish itself as a distribution center of petroleum products to markets globally.

The project under consideration by the parties includes the development, construction and operation of a terminal on the Pacific side of Panama and another on the Atlantic side connected by a pipeline for the receipt, transportation and export of liquefied petroleum gas (LPG) to international markets. Any decisions made by the parties will be based on the outcomes of joint feasibility studies and an economic analysis related to the transportation of LPG in Panama.

Energy Transfer LP owns and operates one of the largest portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets.

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About the Author:

Brian Richesson is the editor in chief of LP Gas Magazine. Contact him at brichesson@northcoastmedia.net or 216-706-3748.

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