Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that Egypt will have about one million vehicles running on natural gas within the coming three years. This will be achieved through converting a number of 200,000 cars and replacing 250,000 others, a relevant press release cited.
This announcement came during the ceremony of launching and delivering the first batch of natural gas vehicles (NGVs) under the president’s initiative for replacing and converting cars to run on natural gas. The ceremony was attended by Minister of Finance, Mohamed Maait, Minister of Industry and Trade, Niven Gamea in addition to other senior officials.
During the ceremony, El Molla affirmed the availability of all success factors needed for this initiative along with the economic reform program which repriced the fuel in the right way and motivated the citizens to benefit from the low cost of natural gas.
The minister reviewed the process of implementing the ministry’s program to provide enough stations and centers for natural gas conversion and supply across the country. He noted that the ministry targets to double the number of the stations to 1,000 during one year instead of 250 stations since the launch of the initiative.
El Molla also referred to the operation of the first mobile natural gas supply stations, noting that tens of mobile supply units will be launched during the upcoming period to meet the citizens’ needs.
On the other hand, the minister expressed his appreciation for the efforts exerted by the Central Bank of Egypt (CBE) to facilitate funding of this NGV initiative and thanked the governors who facilitate issuing the related licenses.