The House of Representatives has finally approved the long-awaited Natural Gas Act without any amendments, Al Shorouk reports.
The 53-article legislation would deregulate the natural gas market and leave the state to play the role of regulator.
The law — which will allow the private sector to trade gas using the state’s infrastructure and pipeline network and establish a new authority to regulate and monitor the market — had been gathering dust since 2015, with a number of companies already having applied to import natural gas and had been waiting on the law.
