It will become more expensive to transport oil through the Suez Canal. From 2023, Egypt will increase the fee for the passage of the waterway by 15%.
The reasons for this decision are that the cost of renting tankers for the current year has increased by 88%, and ships carrying liquefied natural gas - by 11%.
The Suez Canal accounts for 12% of world trade and 5 to 10% of global oil supplies. 8% of ships carrying LNG pass through it.
source : Sputnik
