Egypt is moving closer to becoming a regional gas hub, Patrick Werr writes for Reuters. It is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez that is being built by SUMED. Werr says the “wharf will have three berths to receive natural gas and petroleum products carriers.” SUMED is also investing USD 415 mn to expand its facilities and is building nine 300k cubic meter petroleum storage tanks and loading and offloading facilities that are due to be completed by 2018’s end. “A slew of announcements of new gas production and the expansion of its infrastructure” have helped advance Egypt’s energy hub plans, Werr adds.

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