Currently in Panama there is unemployed skilled labor for which this IOA will represent a great employment opportunity.

Efficiency risk: Slowed down regional production for export, which would impact the storage service for re-export.

Danger: Hydrogen is difficult to detect. It is still less dangerous than natural gas, propane or butane. Hydrogen is light as it disperses quickly in the air. Care must be taken with materials used

Consolidation for regional scale economies based on competitive logistics offered by Panama and routes to European/Asian markets efficiently.

Country's Energy Transition Agenda, approved in November 2020 by the Cabinet Council, as part of the Public Policies package. By January 2022 through the Official Digital Gazette, the Green Hydrogen Route, first phase, is published.

On September 21, 2016 Panama ratified, accepted, approved, its adherence to the historic Paris agreement on climate change and established the creation of a Ministry, laws and the path of a National Strategic Plan 2015-2050.

Ministry of the Environment with governing functions to formulate, apply, plan, direct, coordinate, execute and evaluate the National Environmental Policy, applicable to all levels of government.

In November 2020, the Cabinet Council approved the strategic guidelines of the Energy Transition Agenda, a measure that seeks to encourage investment in the sector, improve competitiveness and bring electricity to the communities indicated in the Beehive Plan.

Financial incentives: Financing under normal conditions with local private banks, as well as management in international financial markets or with more favorable options with multilateral entities in the region.

As part of the promotion elements of the Global Green Hydrogen Route, the authorization of free Zones for trade and storage of Green Hydrogen and energy based on this will be included in the modification of the legal framework of hydrocarbons in Panama.

General Environmental Law No. 41; which establishes the basic principles and standards for the protection and promotion of the sustainable use of natural resources. It also orders environmental management and integrates it with social and economic objectives.

National Secretariat of Energy; It is in charge of conducting the country's energy policy, within the current constitutional framework, to guarantee a sufficient, high-quality, economically viable and environmentally sustainable supply of energy resources.

National Authority of Public Services (ASEP); It is an autonomous regulatory entity that oversees the provision of water supply, sewerage, telecommunications, natural gas and electricity. Establishes rules, regulations, enforceable acts and their compliance.

Law No. 45 2004 establishing the regime of Incentives for Promoting Hydroelectric Generation Systems and other Renewable and Clean sources. This was regulated in 2009 through Executive Decree 45 of June 10, 2009 and provides incentives for the construction and development of clean technology plants.

Capital or local private equity contribution, bank financing under normal conditions of local and international banks, foreign investment.

Ministry of the Environment, National Secretariat of Energy, Public Services Authority.

Promulgation in the Official Gazette of January 2021, the regulation of Law 93 of September 19, 2019, which created the Public-Private Partnership (APP) Regime for development as an incentive for private investment, by social development and job creation.