Panama Canal Authority Targets Gas Pipeline, Port Projects by 2027

The Panama Canal Authority plans to award contracts for two new port terminals and a major gas pipeline project worth up to $8 billion, part of a broader effort to expand energy and shipping infrastructure.

(Reuters) — The Panama Canal Authority expects to award contracts for two new ports and a gas pipeline by June 2027, Rafael Pirro, a development officer at the canal, said in an event on March 12.

The port terminals, one in the Atlantic and another in the Pacific, are slated to be operational around 2030 and represent a $2.6 billion investment.

The gas pipeline, with projected investment of $4 billion to $8 billion, is expected to go into operation around 2031, with a transfer capacity of up to 397,500 cubic meters per day of gas.

Pirro said the Canal Authority plans to begin dialogue with interested parties in June, and start accepting proposals in March 2027.

The Panama Canal is the world's second busiest interoceanic waterway.