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Wednesday, 20 April 2016

Natural gas industry deregulation act could be tabled in the House next week

At last, some word on the Natural Gas Act: El Molla said yesterday that the current draft of the act, which received approval from cabinet and was a centerpiece at last year’s Egypt Economic Development Conference in Sharm El Sheikh, will be reviewed next week ahead of presenting it to the House of Representatives. The act, /which would de-regulate the natural gas industry and see the state step back to become the market regulator and provider of pipelines, has been sitting on the sidelines since last November, when El Molla had suggested that the legislation would be enacted by mid-year.

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