The Panama Canal is seeking a company to design, build, and operate a pipeline for liquefied petroleum gas (LPG), with an investment of $4-8 billion. The pipeline is expected to add $1-1.2 billion annually to the canal’s income. Companies like Exxon Mobil, Shell, and Mitsubishi have shown interest in the project.

The pipeline project aims to transport U.S. LPG to Asia through the canal, with a power transmission line included. A pre-qualification process will follow the meetings with interested companies, with the winner expected to be chosen by the last quarter of 2026.

The canal also plans to build and operate two new ports in the area by late this year or early next year. It forecasts a $3.5 billion profit for the fiscal year ending in September, with a shift in cargo tonnage to larger vessels helping offset a decrease in traffic towards the year’s end.

Read more at Yahoo Finance: Panama Canal starts process to select firms to build, operate LPG pipeline