September 2013

Trends and Resources

HP Impact: Egypt’s role in international energy markets

Egypt’s influence is felt mainly through the operation of the Suez Canal and Suez-Mediterranean (Sumed) pipeline. In 2012, about 7% of all seaborne-traded oil and 13% of liquefied natural gas (LNG) traded worldwide transited through the Suez Canal.

Thinnes, Billy, Hydrocarbon Processing Staff

A country analysis from the US Energy Information Administration (EIA) underlines the key role that Egypt plays in international energy markets. Egypt’s influence is felt mainly through the operation of the Suez Canal and Suez-Mediterranean (Sumed) pipeline. In 2012, about 7% of all seaborne-traded oil and 13% of liquefied natural gas (LNG) traded worldwide transited through the Suez Canal. Egypt’s 2011 revolution and the unrest that has followed have not had any noticeable effect on oil and LNG transit flows through the Suez Canal or Sumed pipeline. The Suez Canal is an important transit route for oil and LNG shipments traveling northbound from the Persian Gulf to Europe and Nort

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