{ "id": "R41632", "type": "CRS Report", "typeId": "REPORTS", "number": "R41632", "active": true, "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source": "EveryCRSReport.com", "id": 416057, "date": "2011-05-04", "retrieved": "2016-04-06T22:05:39.172595", "title": "Implications of Egypt\u2019s Turmoil on Global Oil and Natural Gas Supply", "summary": "The change in Egypt\u2019s government will likely not have a significant direct impact on the global oil and natural gas markets. There may be some short-term movements in price, mostly caused by perceived instability in the marketplace, but these would most likely be temporary. However, prolonged instability that raises the specter of spreading to other oil and natural gas producers in the region would likely add to upward price pressures. Although Egypt is considered an energy producer or net exporter overall, its oil and natural gas exports are not large enough to affect regional or global prices. The most serious impact would be on regional recipients of its natural gas exports.\nEgypt\u2019s main influence on energy markets is its control of the Suez Canal and the Suez-Mediterranean oil pipeline (SUMED). The current low utilization of these two pieces of infrastructure would likely limit any effect of their closure in the near term. Both the oil and natural gas industry would, over time, find alternative routes to circumvent the canal and pipeline if necessary.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R41632", "sha1": "086c6fe55bdc180ec57e45ca9793307adee092e1", "filename": "files/20110504_R41632_086c6fe55bdc180ec57e45ca9793307adee092e1.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R41632", "sha1": "6fe8e25a5bce9037a4f82dc5a6113aa5f4b8bb7d", "filename": "files/20110504_R41632_6fe8e25a5bce9037a4f82dc5a6113aa5f4b8bb7d.pdf", "images": null } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc103122/", "id": "R41632_2011Feb11", "date": "2011-02-11", "retrieved": "2012-09-19T20:16:14", "title": "Implications of Egypt's Turmoil on Global Oil and Natural Gas Supply", "summary": "This report examines the change in Egypt's government and how this will likely not have a significant direct impact on the global oil and natural gas markets.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20110211_R41632_149dad98459f78ec78da8b1fde704477ce60bb8f.pdf" }, { "format": "HTML", "filename": "files/20110211_R41632_149dad98459f78ec78da8b1fde704477ce60bb8f.html" } ], "topics": [ { "source": "LIV", "id": "Political violence", "name": "Political violence" }, { "source": "LIV", "id": "Riots", "name": "Riots" }, { "source": "LIV", "id": "Revolution", "name": "Revolution" }, { "source": "LIV", "id": "Revolution -- Egypt", "name": "Revolution -- Egypt" }, { "source": "LIV", "id": "Oil industries", "name": "Oil industries" }, { "source": "LIV", "id": "Natural gas", "name": "Natural gas" } ] } ], "topics": [ "Foreign Affairs" ] }