Logic Management Consulting has been tapped to advise on the set up of Egypt’s new natural gas market regulator, CEO Mohamed El Sherif told Al Borsa on Monday. Under the newly-issued Natural Gas Act, which liberalized the industry, the state plans to establish a new market regulator that would have a say in pricing gas, set up the rules of the system, encourage investment, and ensure equal access to all private-sector players. The World Bank, the project’s financial consultant, chose Logic from a list of four bidders that included PricewaterhouseCoopers. Logic expects to conclude its work by early 2018 and will hold its first meeting with state officials next week.
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