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English news

20-Feb-2017

Parliament to vote on Natural Gas Act in March

Parliament's Energy Committee expects to complete reviewing the Natural Gas Act this week and move it for a vote in March. The committee has been reviewing the bill, which largely aims to deregulate the sector, since December, following approval from Parliament's General Assembly. Minor amendments have been introduced, MP Hamada Ghallab said, without explaining further. The bill aims to encourage the private sector to engage in marketing, transporting and distributing natural gas and expand upon the investments in the sector, Minister of Petroleum, Tarek Al Molla, said. Ministry of Oil has started a draft of the executive regulations, and EGAS has set a preliminary toll of USD 0.4 per mmBtu for private companies looking to use the national gas grid last month. (Al Borsa) 

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