AES Costa Norte LNG

AES Costa Norte LNG is a liquefied natural gas (LNG) import terminal project in Panama, developed by AES Panama, the Panamanian subsidiary of the U.S.-based global power company The AES Corporation. The project is designed to receive, store and regasify LNG to supply natural gas to Panama's power generation and industrial sectors, supporting the country's transition to cleaner-burning fuels. It forms part of AES Panama's broader portfolio of energy infrastructure, which includes hydroelectric, thermal and solar generation assets. AES Panama has operated in the country since 1999 and has invested more than USD $2.6 billion in energy solutions, managing and operating 1,141 MW of generating plants. The Costa Norte LNG terminal is intended to complement these assets by providing a reliable, flexible supply of natural gas, which can be used to fuel high-efficiency combined-cycle power plants and to diversify Panama's energy matrix away from oil-based generation. The terminal is strategically located on Panama's Caribbean coast, near the Panama Canal, giving it potential access to Atlantic Basin LNG supply and positioning it as a possible hub for LNG bunkering and regional distribution. As a project brand under AES Panama, AES Costa Norte LNG benefits from the AES Corporation's global experience in developing and operating energy infrastructure across four continents. As of the latest available information, the project has been in development and permitting stages, with AES Panama continuing to advance its LNG strategy in Central America. The brand is closely associated with AES Panama's commitment to accelerating a sustainable energy future and improving lives through smarter, cleaner energy solutions.

AES Costa Norte LNG is a project brand of AES Panama, the Panamanian subsidiary of The AES Corporation, a Fortune 500 global power company headquartered in the United States. AES Panama began operations in Panama in 1999 and has since invested more than USD $2.6 billion in the country's energy sector, managing and operating 1,141 MW of generating capacity. The Costa Norte LNG project was conceived as part of AES Panama's strategy to introduce natural gas into Panama's energy matrix, providing a cleaner alternative to oil-based generation and supporting the growth of renewable energy by offering flexible backup capacity. The project involves the development of an LNG import terminal on Panama's Caribbean coast, with facilities for receiving, storing and regasifying LNG. The terminal is designed to supply natural gas to AES Panama's existing and planned power plants, as well as to potential industrial and commercial customers. Its location near the Panama Canal positions it to potentially serve as a regional LNG distribution and bunkering hub. AES Panama has promoted the project as a key element of its commitment to accelerating a sustainable energy future. The company has highlighted its global experience and local roots, noting that it is the only U.S.-based global power company operating on four continents. The Costa Norte LNG project aligns with AES's broader efforts to expand LNG infrastructure in Central America, including the introduction of the first LNG truck in the region through a collaboration with Island Power. As of the latest available information, the project has been progressing through development and permitting phases. AES Panama continues to work with government authorities, local communities and partners to advance the project, which is expected to play a significant role in Panama's energy transition.

• 1999

  AES Panama begins operations in Panama.

• AES Panama surpasses USD $2.6 billion invested in Panamanian energy solutions.

• AES and Island Power introduce the first LNG truck in Central America.

A strategic LNG import and regasification infrastructure project supporting Panama's energy diversification and cleaner power generation.

• Costa Norte LNG import terminal

  A proposed LNG import and regasification terminal on Panama's Caribbean coast.

1. 1Casa | AES Panamaaespanama.com
2. 2Global X Local | US-Based Global Power Companyaespanama.com