Sunday, March 19, 2017

New natural gas regulator to fall under cabinet’s jurisdiction, not Oil Ministry - ENTERPRISE / AL BORSA

Sunday, 19 March 2017

The House of Representatives’ Energy Committee amended clauses of the Natural Gas Act placing the new market regulator under the jurisdiction of the cabinet and not the oil ministry, committee member El Sayed Hegazy tells Al Borsa

He expects the committee to vote on the much-anticipated law — which deregulates the gas market and limiting the government’s role to that of regulator — next week before sending it over to the House general assembly for a vote.