Egypt increases usage fee for national gas grid by 29%

Reuters , Saturday 29 Feb 2020

The price increase came as part of a “gradual liberalisation of the market”, it said in a statement.

Gas Field
File Photo: Egypt's Zohr gas Field (Photo: Ahram)

Egypt has increased the usage fees for its national gas grid by 29% to $0.375 per mmbtu, the national gas regulator said on its website on Friday.

 
The price increase came as part of a “gradual liberalisation of the market”, it said in a statement.
 
Egypt had first set the usage fees at $0.38 per mmbtu in August 2018 for a year. In December 2019, Egypt had lowered the usage fees by 24% to $0.29 per mmbtu (1 million British Thermal Unit)
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