Toyota to Import Natural Gas into Egypt

Toyota to Import Natural Gas into Egypt

Toyota is in the process of gaining initial approval to import natural gas to sell to local factories, a senior official at EGAS told Egypt Oil & Gas.

Currently three companies have initial approval to import natural gas: TAQA, Roseneft, and Fleet Energy, Egypt Oil & Gas reported earlier this month.

Companies need to secure a final approval within six month or repeat the entire process.

The process for obtaining initial approval entails proof of quality and specifications of gas imported, proof of source, a sales contract with a domestic buyer, the importing company’s financial background, and a number of other documents.

Egypt’s newly issued gas regulation law will permit factories to choose their own natural gas supplier in order to facilitate the supply of gas to low-energy-consumption, medium-energy-consumption, and high-energy consumption factories.

The law was approved by the Egyptian president on July 2017.

Nadine Abou el Atta 43 Posts

With 10 years of experience, Nadine has been published in several industries and has headed three different editorial teams, each focused on a separate industry. She also holds a master's degree in marketing and a bachelor's in economics.

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