Approving the fee value for using the National Natural Gas Network 2020

Published on : 2020-02-28

The Board of Directors of the Gas Market Activities Regulatory Authority headed by Eng. Tariq Al Mulla, Minister of Petroleum and Mineral Resources, approves the fee of using the transportation system (the National Natural Gas Network) for the year 2020, which amounted to 37.5 cents per million British thermal units, and this step comes within a set of policies and procedures within the framework of regulation  Gas market and its liberalization gradually in accordance with international practices to work to integrate the Egyptian market with global gas markets, taking into account the country's strategy to be a regional center for gas and oil trading.

The approved fee aims to regulate the financial and commercial part of the gas transportation activity and convert it into an economic activity capable of covering its costs and achieving a fair return for the owners of the network, and the usage tariff is the first steps in making the network available to others according to the principles of transparency, justice, non-discrimination and equality, taking into account the interests of all participants in the gas market.

Related Articles

El Molla Announces New Appointments, Promotions in Petroleum Sector

Minister of Petroleum and Mineral Resources Tarek El Molla has selected a new head for the Ministry Central Department of Projects and appointed several new

Read More

Reuters: Egypt LNG exports expected to rise in October

Egypt liquefied natural gas (LNG) exports are expected to rise in October from the previous month, trading and industry sources told Reuters on Wednesday

Read More

ANRPC invests $12m to raise high-octane gasoline output

Alexandria National Refining and Petrochemicals Co (ANRPC) is building a project to increase high-octane gasoline production to 2 million tonnes per day at an estimated cost of $12 million.

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumberger