MENA region produces 20.5% of world's fossil fuels

Study by SRM says 10% of global oil and gas traffic passes Suez

04 April, 16:22

    (ANSAmed) - NAPLES, APRIL 4 - The Middle East and North Africa region (MENA) produces 20.5% of the world's fossil fuels, according to a report by the Centre for Study and Research of the Italian South (SRM), part of the Intesa San Paolo banking group.

    The "Med and Italian Energy Report" said more than 1.6 billion tons of oil have been produced in the MENA region (37% of worldwide production) and more than 800 billion cubic metres of natural gas (22% of worldwide production).

    It said 66% of crude produced by MENA countries is exported, with the majority of Middle Eastern production going to Asian countries, and North African production going above all to Europe.

    Natural gas exported by the MENA region is 26% of the total produced.

    A total of 32.6% of the natural gas exports that travel through gas pipelines in MENA countries to destinations within the region and the rest to neighbouring countries.

    Natural gas is one of the main commodities for worldwide energy systems and infrastructure for its transport is becoming increasingly important.

    A total of 23.2% of electricity is generated by natural gas, which makes it the second-highest source after carbon, which is 38.4% of the total.

    Four gas pipelines connect the exporting countries of the southern coast (Algeria and Libya) with the European countries of the northern coast, for a total capacity of more than 60 billion cubic metres per year.

    Three gas pipelines connect Algeria to Spain and Italy, and a fourth connects Libya to Italy.

    A new and growing frontier is that of liquefied natural gas (LNG), the sale of which increased worldwide by 12% in 2017 compared to the previous year.

    By the middle of the next decade, the United States is expected to become the biggest LNG exporter worldwide, with the number of plants expected to double between now and 2040.

    New capacity is expected to come mainly from the United States and Australia, followed by Russia and Qatar.

    There are 19 GNL terminals on Mediterranean coasts, of which 14 are for the regasification for natural gas importation and five for the liquefaction for gas exportation.

    Spain is the country with the highest capacity for GNL importation and represents 37.5% of the total regasification capacity in the Mediterranean area.

    In terms of GNL exportation, Algeria holds 61.7% of the total liquefaction capacity.

    The report said the Mediterranean is also central for transport given that oil and gas goods transported worldwide by sea totaled 3.1 billion tons, of which oil makes up 1.8 billion tons, representing 60% of the total.

    The Suez Canal is a critical junction which sees the passage of 10% of global oil and liquefied natural gas traffic.

    The other two large energy transit junctions are the Strait of Hormuz and the Strait of Malacca, which, together with the Suez Canal, make up 40% of worldwide naval oil transit.

    Italian ports managed traffic of 184 million tons of liquid bulk, 37% of the total.

    The top five ports are Trieste, with 43.2 mn ton, followed by Cagliari, Augusta, Milazzo and Genoa, which together make up 70% of national liquid traffic.(ANSAmed).

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