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.