Part of Cairo’s vision following the canal’s expansion two years ago was the Suez Canal Axis Development plan (MEES, 14 August 2015).
Progress so far has been slow – though local firm Sonker is spending $500mn on an oil products storage terminal at Ain Sukhna near the southern end of the canal. Ain Sukhna is also the site of Egypt’s two FSRU LNG import facilities. (CONTINUED - 123 WORDS)
