WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 129
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Elections could influence the energy
policies
Supply chain disruptions
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Geopolitical impacts will maintain
uncertainty in energy markets
National elections are scheduled or expected in
at least 64 countries in 2024, as well as the
European Union, which together represent
almost half of the global population.
Attacks in the Red Sea are disrupting the LNG supply chain
and increasing slightly the gas transportation price.
FIGURE 1
Daily transit trade volume
(million metric tons, 7-days moving average)
8
-
6
Cape of Good
Hope
Suez canal
03/15/2023: 5.38
4
Source: https://time.com/6550920/world-elections-2024/
2
- Panama Canal
0
Jan 2023
Apr 2023
Source: UN Global Platform, IMF PortWatch
Jul 2023
Oct 2023
Jan 2024
Apr 2024
Politicians are generally elected for 4 to 5 years and have the
power to completely shift energy policies, when an energy
asset lifetime is counted in multiple decades. And their
planning and construction may take 10 to 20 years.
WEMO 2024
- Suez canal
129
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