Panama is thriving. The country is riding a wave of prosperity that has seen the nation become one of Latin America’s fastest growing, at an average 8 percent annually. Even as global growth slows, Panama’s economy is projected to expand at a rate of 5.5 percent over the coming three years. Energy demand is expected to keep pace at between 4.5 – 5 percent per year. Still, the rise in energy demand must be met by new investment, supply, and infrastructure. With the country’s first natural gas power plant coming online in 2018, Panama is heading in the right direction.

Panama’s Energy Sector: A New Era

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