January 31, 2011 / 9:46 PM / 8 years ago

FACTBOX-Potential energy risks of Egypt protests

Jan 31 (Reuters) - Disruptions in Suez Canal oil shipments and Egypt’s liquefied natural gas exports would be the biggest risks to energy supplies from escalating government protests in the north African nation.

Egypt almost produces enough oil to meet domestic demand, so there is little international trade in the country’s oil that would be affected.

The U.S. Energy Information Administration provided the following data on Egypt’s energy sector and Suez Canal oil shipments.

SUEZ CANAL OIL AND LNG SHIPMENTS

* About 1 million barrels of crude oil and refined petroleum products a day moved northbound through the canal to the Mediterranean Sea in 2009. About 800,000 bpd of similar cargoes flowed south to the Red Sea.

* Crude oil and refined petroleum products accounted for 16 percent of Suez cargoes by tonnage.

* Canal is 1,000 feet (305 meters) at its narrowest point and can’t handle very large crude oil carriers.

* The 200-mile (322-km) long Suez-Mediterranean Pipeline is an alternative to the Suez Canal for moving oil. The pipeline moved 1.1 million bpd of oil in 2009, down from 2.3 million bpd in 2007, so there is room for more oil shipments in the pipeline.

* Pipeline moves oil northbound and is owned by a joint venture between Egypt’s national oil company, Saudi Aramco, Abu Dhabi’s International Petroleum Investment Co. and a consortium of Kuwaiti companies.

* Closing the Suez Canal and the SUMED pipeline would force tankers to go around the southern tip of Africa, the Cape of Good Hope, adding 6,000 miles (9,656 km) to the trip.

* A total of 256 ships carrying 17.5 million tonnes of liquefied natural gas (LNG) also traveled through the canal.

EGYPT’S NATURAL GAS SECTOR

* Natural gas reserves total 58.5 trillion cubic feet, the third highest in Africa after Nigeria and Algeria.

* Exported 646 billion cubic feet (bcf) of natural gas in 2009, of which 70 percent was in the form of super-cooled LNG.

* Provides natural gas via pipeline to Israel, Lebanon, Jordan and Syria.

* About 450 bcf of LNG was exported in 2009, with 236 bcf going to Europe, 160 bcf going to the United States and the rest went primarily to Japan, India and South Korea.

EGYPT’S OIL SECTOR

* Crude oil reserves total 3.7 billion barrels.

* Oil production is about 685,000 bpd and consumption is slightly higher at 710,000 bpd.

* Has the largest oil refining sector in Africa. Some non-Egyptian crudes are imported for processing. (Reporting by Tom Doggett; Editing by Lisa Shumaker)

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