Town Gas Revenues Record EGP 3 B in 2021

Town Gas Revenues Record EGP 3 B in 2021

The Egyptian Company for the Distribution of Natural Gas for Cities (Town Gas) held a general assembly meeting to approve the results of its work during 2021, in the presence of Magdy Galal, Chairman of the Egyptian Natural Gas Holding Company (EGAS), and Alaa El Batal, the Egyptian General Petroleum Corporation’s (EGPC) Chairman.

The company’s chairman Mohamed Fathy reviewed the most important business results in 2021, explaining that Town Gas achieved total revenues of EGP 3 billion and a net profit exceeding EGP 45 million, in a precedent that is considered the first for the company. He said that this came as a result of the increase in natural gas delivery rates to all customers in their various industrial, commercial, and domestic activities.

Town Gas delivered natural gas to 236,000 customers in Cairo, Giza, Alexandria, Ismailia, and Port Said, bringing the company’s total customers to 4.3 million customers, representing 33% of the total natural gas users in Egypt.

The company also contributed to the delivery of natural gas to 72 car refueling stations, as part of the initiative to use gas as fuel for cars.

Town Gas has placed great interest in the Hayah Karima (‘Decent Life’) project, as the company began delivering natural gas to 22 villages in Atfih, Giza Governorate.

Sarah Samir 2782 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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