BY: AMINA HUSSEIN, REHAM GAMAL, AND TASNEEM MADI
Bidding processes play a vital role in flourishing the exploration activities and creating an attractive investment climate for Egypt's hydrocarbon industry, which leads to promoting the Egyptian petroleum agreements.

By: Amina Hussein, Reham Gamal, and Tasneem Madi

Egypt is not only considered as a wealthy country due to its abundant oil and gas resources and discoveries; but also, it is fortunate to have continuous government legislative pro-market reforms, especially between 2014 and 2019. Focusing on the legislative improvements, there were a number of laws, amendments and issuances. For instance, the Gas Market Activities Law No. 196 of 2017 aims to liberalize the natural gas sector and attract investments.

BY AMINA HUSSEIN, REHAM GAMAL, AND TASNEEM MADI

The natural gas activities in Egypt witnessed significant improvements starting in 2015. The government worked on several pillars to take advantage of these developments, including the legal aspect.

In Egypt, the supply chain in the natural gas market operates under the direction and supervision of the Ministry of Petroleum and Mineral Resources (MoP). The Egyptian natural gas market was first managed by the Egyptian General Petroleum Corporation (EGPC) before moving under the supervision of the Egyptian Natural Gas Holding Company (EGAS), according to the US Energy Information Administration’s (EIA) Country Analysis Brief: Egypt in 2018. Prior to 2017, the natural gas activities in Egypt were covered by law No. 217 for 1980. Under this law, EGAS was responsible for all operations relating to exporting, transportation, and domestic supply of natural gas to different sectors. Post-2017, the situation changed with the approval of the new Gas Market Law No. 196 for 2017.