Chairman of Modern Gas Mohamed Qandil stated that the company has achieved revenues of EGP 2.45 billion in 2022 which increased by 9.6% compared to the previous year.

He added that Modern Gas is connecting natural gas in nine governorates noting that it has delivered natural gas to 176,000 customers in 2022.

This came during the general assembly meeting of the company chaired by Minister of Petroleum and Mineral Resources Tarek El Molla via video conference to approve its annual results for the year 2022.

Qandil said also that Modern Gas has installed 185,000 prepaid meters and contracted with 196,000 home customers and 187,0000 commercial customers, in addition to 11,000 industrial customers. 

He also discussed the progress of the company in compressed natural gas (CNG) and its contribution to national projects in new cities as well as its achievements abroad. 

For his part, El Molla highlighted the country’s strategy of expanding the uses of natural gas which is an added value to the national economy and the developmental and social goals. He added that natural gas delivery witnessed a great boom, especially to the villages and new cities through Haya Karima (‘Decent Life’) initiative.