TODAY IN ENERGY: Friday, August 2, 2013

Suez Canal, Sumed Pipeline are key parts of Egypt’s role in international energy markets

Egypt plays a vital role in international energy markets 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.