On 1 August 2018, the new Ambassador of Panama in Brussels H.E. Miguel Verzbolovskis paid a courtesy visit to meet with Energy Charter Secretary-General Dr Urban Rusnák. The meeting allowed the resumption of the positive collaboration between Panama and the International Energy Charter since it acquired observer status in 2017. Panama is interested in sharing common standards on investment promotion, trade and transit. The Panama Canal is an essential link in the global LNG supply chain, and the country has inaugurated this year the first LNG terminal in Central America. In the electricity sector, Panama is part of the Regional Electricity Market composed of six Central American countries. A government official will be seconded to the Secretariat in Brussels for three months during which he will prepare a report on energy investment in Panama. Other observer countries from Latin America are Chile, Colombia and Guatemala.