RESEARCH & ANALYSIS
GAS PRICING IN EGYPT:
OBJECTIVES AND MILESTONES
BY REHAM GAMAL, AMINA HUSSEIN
T
he natural gas market in Egypt has functioned under the authority of the Egyptian Natural Gas Holding Company (EGAS) - a wholly-owne Egyptian General Petroleum Company (EGPC) - since 2001. EGAS was established to manage and control natural gas development and is active exploration concessions in Egypt in collaboration with international oil companies (IOCs).
PRICING In August 2017, a new gas law on midstream Gas and market liberalization is an important stepGAS towards downstream gas market activities was announced. It increasing gas supply to the domestic market, in aims to fully liberalize the market by 2022. Six monthsto relieving the financial burden on Most gas markets around the world sit between two addition statelater, the executive regulations were issued, owned enabling companies. It means that EGAS will noextremes longer regarding gas pricing. The chart below the only national gas supplier. classifies gas-market systems in the world into four private sector companies to procure their gasbe supplies groups. as well as shipping, transportation, storing and trading natural gas using the national grid. All of these activities are done under the supervision of the Gas Market Regulatory Authority (GMRA).
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