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Red Sea chokepoints are critical for international oil and natural gas flows - Climate Impact Capital Red Sea chokepoints are critical for international oil and natural gas flows - Climate Impact Capital

Red Sea chokepoints are critical for international oil and natural gas flows

The Suez Canal, the SUMED pipeline, and the Bab el-Mandeb Strait are strategic routes for Persian Gulf oil and natural gas shipments to Europe and North America. Total oil shipments via these routes accounted for about 12% of total seaborne-traded oil in the first half of 2023, and liquefied natural gas (LNG) shipments accounted for about 8% of worldwide LNG trade.

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