The Ministry of Finance will receive 25% of the Gas Market Regulatory Authority’s profits, while the remaining 75% will belong to the regulator.

Companies approved by the Egyptian Natural Gas Holding Company (EGAS) to import natural gas must obtain approvals from the Gas Market Regulatory Authority (GMRA), Minister of Petroleum Tarek El Molla has said.

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the first meeting of the new Gas Market Regulatory Authority’s board of directors.