Back to the complete issue
Wednesday, 8 January 2020

Shell Egypt submits proposal to sell gas to local market

Shell Egypt wants to sell natgas to the local market: Shell Egypt has submitted a request to the Gas Regulatory Authority to allow it to sell gas to customers in the local market using the national grid, Shell Egypt Deputy Country Chair Moataz Darwish told Al Mal. The process could take years to complete and requires direct approval from cabinet, according to an unnamed source from the authority. EGAS is currently the only market player supplying and selling gas in the local market. Shell is also looking into importing natural gas from Cyprus and liquefying it at one of Egypt’s liquefaction facilities, some of which it would presumably sell to the local market if it receives regulatory approval. Egypt has moved in recent years to deregulate the natural gas grid, opening it to use by the private sector.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.