Gas Regions Company (Regas) announced that it has signed a protocol to connect natural gas to New Alamein with expected investment costs worth EGP 3 billion, according to a statement published on the official website of the company.

The statement said that the company has achieved the highest revenues which reached to EGP 728 million in comparison to EGP 441 million in 2018, elaborating that it conducted the highest rate contracts for natural gas connection during 2019, reached to 144,317 customers compared to 102,104 customers in 2018,

The company said that its gross profits increased to EGP 95 million and the net profits reached to 15.4 million.

The statement said that the company has connected natural gas to 534 commercial customers in addition to six fuel stations in governorates of Sohag, qena, and Al Sharqiyah and has obtained three certificates of ISO in the fields of quality, health, safety and environment (QHSE) as well.

Regas noted that it plans to develop its resources and increases its investments in 2020 which will fulfill the employees’ ambitions and the sector’s trend.