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Panama Canal Restrictions Affect LNG Trade
Low water levels exacerbated by drought conditions have generated a logjam of vessels traversing one of the world's busiest canals. Billions of dollars in global trade cross the 51-mile Panama Canal each year, but drought has reduced water availability for the canal's lock system, which relies on millions of gallons of water to usher ships from ocean to ocean. The Panama Canal Authority imposed water-saving restrictions earlier in the year, began capping the number of daily ship traversals and placed restrictions on ship weight. These conditions and subsequent restrictions have significantly affected energy ... (full story)