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FACTBOX | Global oil and LNG dependence on the Middle East

FACTBOX | Global oil and LNG dependence on the Middle East

World Maritime
FACTBOX | Global oil and LNG dependence on the Middle East

Europe:

The share of Middle East supply in Europe’s crude oil import mix is around five per cent, according to Kpler data. But Europe relies more heavily on the Middle East for fuel, with Kpler data showing the Middle East as Europe’s biggest supplier of middle distillates, including diesel and jet fuel.

United States:

The United States has dramatically lowered its dependence on oil from the Middle East in recent years as it has become the world's largest oil and gas producer. Last year, it bought less than 0.9 million bpd from gulf countries, including Saudi Arabia, Iraq and Kuwait, the Energy Information Administration says, compared to US demand of more than 20 million bpd.

The US banned purchases of oil from Iran following the 1979 hostage crisis. The US, the world's top exporter of LNG, imports almost no liquefied natural gas from the Middle East. Last year, it imported more LNG from Trinidad and Tobago than from Qatar, the only country in the Middle East it received LNG from.

(Reporting by Katya Golubkova in Tokyo, Joyce Lee in Seoul, Lewis Jackson and Sam Li in Beijing, Nidhi Verma in New Delhi, Emily Chow in Singapore; Timothy Gardner in Washington, Enes Tunagur in London; editing by Barbara Lewis and Aurora Ellis)

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Original Source BAIRD MARITIME

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Original Source BAIRD MARITIME

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