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Tuesday, 26 April 2016

Steel manufacturers refuse to pay gas bills, EGAS threatens to cut supplies

Steel manufacturers have refused to pay their natural gas bills, EGAS sources told Al Ahram. EGAS is yet to receive an official notification of the cabinet’s decision to reduce the gas prices to steel manufacturers from the original rate USD 7 per mmBtu and says it cannot begin legally charging the factories a lower rate until then. On the other hand, the factories are refusing to pay according to the old rate, saying that the should be charged at the USD 4-5 per mmBtu mandated by the cabinet decision. (Read in Arabic)

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