How would you like to go through the new Agua Clara lock in the Panama Canal?

Well, climb on board and take a ride! Pilot’s eye view …

Assume GoPro!

The Past Is Prologue

Now it begins! For all that the Panama Canal has done for the world for over 100 years and a million ships, and for the booming GDP growth of Panama as a country, it’s all just beginning. That’s something to keep in mind if you are looking for a place to invest, or just park, your money … and your body … or a place to live and retire. Honestly now, is that something you can say about your home country?

I wrote the other day about the highest toll every paid to use the Panama Canal, just paid the other day to take a Neopanamax ship through the new locks: $829,468. One Neopanamax ship.

But the new locks make it possible for the huge liquefied natural gas ships to use the Canal …

So imagine this …

(Bloomberg) — Natural gas exports from the U.S. Gulf Coast will reach buyers in Asia and South America faster and at lower costs thanks to an expanded Panama Canal that could see 550 tankers a year by 2021 … The shortcut will shrink travel times for ships carrying gas from U.S. shale fields and encourage utilities and traders who have reserved liquefaction capacity to actually use those plants.

Since the U.S. became an exporter of the power plant fuel for the first time in February, 15 tankers have left Cheniere Energy Inc.’s Sabine Pass terminal in Louisiana as of June. U.S. export capacity is expected to expand to 9.2 billion cubic feet a day and the country will become the world’s third-largest LNG producer after Australia and Qatar by 2020, the Energy Information Administration said in a report Thursday …

The expanded canal will give 90 percent of the world’s fleet of LNG tankers access to the shortcut, according to Victoria Zaretskaya, a Washington-based analyst with the EIA. Large tankers bound for Asia that use the canal may save as much as $3.2 million per round trip compared with travel through the Suez Canal, and $2.8 million versus the trip around Africa’s Cape of Good Hope, she said …”

And remember, Panama isn’t just a one pony show! The Canal is just a part of the Panama Miracle already being compared to Dubai and Singapore.