Egypt Gas, Town Gas Sign an EGP 232.8 MM Deal

Egypt Gas, Town Gas Sign an EGP 232.8 MM Deal

Egypt Gas and the Egyptian Company for Natural Gas Distribution in Cities (Town Gas) signed an EGP 232.8 million deal to deliver natural gas across several governorates, according to a statement.

The deal is valid for one year only, and depending on both parties, it could be up for renewal upon expiry. The deal entails delivering natural gas to 120,000 clients across Cairo, Giza, Alexandria, and Ismailia.

Additionally, Egypt Gas’s Board of Directors signed an 18-month agreement with the New Urban Communities Authority to deliver natural gas to phase one in Mansoura, Dakahlia Governorate, with a total value of EGP 114.4 million.

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