Monkey Island LNG CEO Greg Michaels said the selection followed extensive analysis of multiple technologies, adding, “The ConocoPhillips Optimized Cascade Process will enable Monkey Island LNG to provide customers with long-term, secure and competitively priced LNG supply.”
Part of a broader push to diversify revenue streams and increase Panama’s competitiveness as a transit hub in global energy trade, the project is slated to be one of the largest investments in the canal’s history. The Panama Canal Authority estimates the project can bring average annual revenues of USD 160 million during the construction phase and more than USD 1.5 billion once operational.
Sheikh Ahmad Duaij Al Sabah, Chairman of the Commercial Bank of Kuwait (Al-Tijari), talks to The Energy Year about supporting key energy and infrastructure developments and the positive impact of Kuwait’s new public debt law. Al-Tijari is a Kuwaiti bank that provides financial, banking and investment services to corporate and retail customers.
The initial 2MW installation is set for November 2025. The facility is located near a natural gas fuel conditioning plant that converts gas into LPG for the Asia Pacific region. The project will use some natural gas from this process for the Capstone microturbines, exporting generated power to the local grid to meet the community’s current demand of 2MW. As more residents and businesses connect, capacity is expected to increase to 5MW, Capstone said.
Winterfell development set to deliver gross production of 20,000 boepd, says partner Kosmos Energy