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English news

20-Jan-2016

Committee will price private sector use of gas infrastructure

Egypt’s government will announce within weeks the establishment of a committee to price the private sector’s usage of the natural gas network, says TAQA Arabia’s Executive Chairman Khaled Abu Bakr. This will allow the private sector to use national infrastructure to import gas for a fee and is a step toward forming the Natural Gas Regulatory Authority. Abu Bakr says it took the state three years to acknowledge that there was a gas shortage. Now, he says, the door is open for private sector players to import gas at international prices. (Al Masry Al Youm, Enterprise)

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