The Gas Regulatory Authority (GASREG), headed by Minister of Petroleum and Mineral Resources Tarek El Molla, approved a transmission tariff for the natural gas grid in 2020, valued at 37.5 cents per million British thermal units, according to a press release.

This comes in line with the GASREG’s policies and procedures to gradually regulate and liberate the market according to international practices, taking into consideration Egypt’s position to become a regional gas hub.

The approved tariff aims to regulate the financial and commercial aspects of gas transmission, turning it into an economic value that covers the network’s cost and achieve an economic returns to the network owners.

This tariff is considered the first step towards allowing network usage in accordance with principles of transparency, justice, and equality, taking into account the shareholders’ interests in the gas market.