Wednesday, February 6, 2019

Egypt’s natgas regulator to begin issuing licenses to private sector - ENTERPRISE

Wednesday, 6 February 2019

Natgas regulator to begin issuing licenses to private sector: The Natural Gas Regulatory Authority will reportedly begin issuing this month private sector gas import and distribution licenses, almost a year after it said it’s open for requests, a source from the Oil Ministry said, according to Al Shorouk. 

Licenses will come at a cost of EGP 50k alongside an EGP 500k deposit. News came after the regulator, which was made responsible last year licensing under the Natural Gas Act, postponed its first issuance in September, saying the private sector was “unprepared.” 

The authority is handling requests from at least 14 companies, including Rosneft. It also set fees last year for the private sector’s use of the state’s natgas grid.