Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan to become a regional energy hub. The new 2.5 km wharf is being built by SUMED, which for decades has operated two pipelines from the Red Sea to the Mediterranean. The wharf will have three berths to receive natural gas and petroleum products carriers. It is due to be completed by the end of the month, Al-Masry Al-Youm newspaper quoted SUMED chairman Mohamed Abdel-Hafez as saying. Abdel-Hafez confirmed the remarks in a text message to Reuters. The country has been building fuelling depots for ships along the Suez Canal and expanding its refining capacity. It has an extensive pipeline network and two idle gas liquefaction plants ready to export new gas as it arrives. SUMED, owned 50 […]