Egypt Gas, IDB Discuss Cooperation Mechanisms

Egypt Gas, IDB Discuss Cooperation Mechanisms

The Chairman of Egypt Gas company, Wael Gowayed, has met with the Chairman of Industrial Development Bank, Maged Fahmy, to discuss cooperation between the two parties, according to El Shorouk.

The discussion shed light on the prospects of natural gas delivery to housing units and its usage as a fuel for vehicles in addition to its connection to factories and converting the existed plants to run on natural gas according to the state’s policy to minimize usage of liquified natural gas (LNG).

This came in the framework of their continuous role of supporting the national economy and funding important projects which contribute to the economic development, achieve the country’s strategy and enhance the economic status as well as encourage the Egyptian industry.



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