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Latin Times
Latin Times
World
LatinTimes Staff Reporter

Panama Canal Authority Launches Pipeline Project With ExxonMobil, Shell, Mitsubishi in the Mix

A cargo ship leaves the Panama Canal on the Pacific Ocean side in Panama City on August 24, 2025. Panama Canal Authority launches pipeline concession process with ExxonMobil, Shell, Mitsubishi and others competing for a 2.5M-barrel project. (Credit: MARTIN BERNETTI/Getty Images)

PANAMA CITY — The Panama Canal Authority (ACP) on Sept. 18 launched an international selection process to grant a concession for the design, construction and operation of a 76-kilometer pipeline across the isthmus, capable of transporting up to 2.5 million barrels of energy products.

The initiative, described by ACP officials as a central part of its "Interoceanic Energy Corridor" plan, would include a pipeline that bypasses the locks as well as new maritime terminals on both the Atlantic and Pacific coasts. ACP Administrator Ricaurte Vásquez outlined the project as part of a ten-year strategic plan prioritizing water sustainability after drought conditions in 2023–2024 disrupted canal operations.

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