On step closer to deregulating the gas market: We have inched one step closer to seeing the gas market privatized as the Egyptian Natural Gas Holding Company (EGAS) has set a preliminary price of USD 0.4 per mbtu for private companies looking to use the national gas grid, unnamed sources tell Al Shorouk.
EGAS appears to have side-stepped forming the new regulator for the industry, which as per the Natural Gas Act is supposed to set prices, and moved directly on that front.
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