Suez Canal

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Suez Canal a critical chokepoint for oil and natural gas trade

As EIA informs, the Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and LNG shipments to Europe and North America. Located in Egypt, the Suez Canal connects the Red Sea with the Mediterranean Sea, and is considered as a key chokepoint due to the large volumes of energy commodities that flow through it.

Suez Canal amends rules to increase LNG carrier transits

The Suez Canal Authority announced an increase on the allowed level of cargo residues on LNG tankers, in a bid to encourage more of these vessels to transit the Suez Canal. This move came as part of the SCA’s efforts to strengthen competitiveness compared to other shipping routes. 

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