Egypt

Egypt

New law to end state monopoly of natural gas market

07 Aug 2017

The President signed the new Gas Market Activities' Regulatory Law, which provides for the setting up of a natural gas regulatory authority charged with licensing and devising a plan to open the gas market to competition. The new law allows for the eventual import of natural gas by private companies. Also, it allows the private sector to directly ship, transport, store, market and trade natural gas using the pipeline and network infrastructure. Its executive regulations are to be issued within six months of the legislation’s enactment, according to the Official Gazette.