The Egyptian cabinet approved in its weekly meeting several draft laws, including that of the gas regulatory, reported Egypt Oil & gas.

The new draft law targets organizing the gas market, through setting rules and procedures, regulating natural gas trade (liquefied and compressed). The draft law also includes establishing the Egyptian Gas Regulatory Authority, as an independent body to regulate all related activities to importation of natural gas, and use of national gas grid. The authority will also track and monitor all matters relating to the gas market.