Choke points critical for global trade in LNG and NGLs

By Peter Stewart 2 August 2017
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Most of the world’s LNG is shipped via a small number of chokepoints. (Höegh) Most of the world’s LNG is shipped via a small number of chokepoints. (Höegh)

The United States Energy Information Administration (EIA) has just issued its 2017 report on maritime choke points around the world. The report is timely as crude oil prices have spiked higher this week as a result of mounting geopolitical tensions, with the Brent and WTI hitting settlement highs of $52.65 per barrel and $50.17/bbl respectively. 

Although the EIA report focused mainly on oil flows, it also has relevance for the transit of NGLs and LNG, which the US is exporting in increasing volumes. The report gives estimates for the volumes of LNG flowing through some of the choke points, but not for NGLs. 

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