By Elida Moreno and Marianna Parraga

PANAMA CITY (Reuters) – The Panama Canal has begun a competitive process to select the company that will design, build and operate a pipeline to transport liquefied petroleum gas (LPG), its authority said on Thursday, following meetings with interested companies.

The project, expected to require an investment of between $4 billion and $8 billion, is part of the waterway’s move to meet increased demand for services including trans-shipment and generate extra revenue, following the expansion of its area in a Supreme Court ruling last year.

The 2 million-barrel-per-day pipeline alone is forecast to contribute between $1 billion and $1.2 billion to the waterway’s annual income, Ricaurte Vasquez, head of the canal, told Reuters in an interview after the m

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