Strategy blueprint to turn Egypt into an energy hub to be ready by November

A government blueprint to begin transforming Egypt into a regional energy hub will be completed in November, Al Borsa reports. The strategy, which is being put together by a group of consultants hired by the Oil Ministry, aims to boost Egypt’s role in trading and storing crude oil, petroleum products, and natural gas, in addition to providing bunkering services. The strategy will factor in Egypt’s competitive advantages including existing infrastructure in the Suez Canal, the SUMED pipeline, ports on the Red Sea and Mediterranean, as well as LNG liquefaction plants. And, we hope, the sticky matter of the Arish-Ashkelon pipeline, which if reversed would allow us to process natural gas from Israel…