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Sunday, 19 January 2020

Natgas market regulator to raise cost of using national natgas grid

Natgas market regulator to hike fees for use of state grid: The Gas Regulatory Authority will this year raise the price private sector companies pay to use the state natural gas grid, Al Mal reports, citing an unnamed source. The source did not disclose the size or timing of the expected hike. The authority had said last month it cut the fees by about USD 0.09 to USD 0.29 per mmbtu, down from USD 0.38. This price was implemented throughout 2019, according to authority head Karem Mahmoud. The gas market regulator was established in 2017 as part of moves to liberalize the Egyptian gas market.

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