Egyptian Natural Gas Holding Company (EGAS) is due to sign a contract with the Jordanian-Egyptian Fajr for Natural Gas Transmission and Supply Company. Accordingly, Egypt will extend a natural gas pipeline to Amman-based Jordan Phosphate Mines Company (JPMC), reported Al Borsa.
The 12-month contract is valued at $ 3.9 million, equivalent to approximately EGP 64 million. EGAS’s revenue had increased to EGP 14.43 million between January and June 2019, compared to the EGP 7.55 million increase during the same period last year.
The total revenues of EGAS have hiked to EGP 1.35 billion during the first six months in 2019, in comparison to EGP 998.84 million during same period last year.