gas prices

  • EFIA Proposes Applying “Gas Dollar” Mechanism

    EFIA Proposes Applying “Gas Dollar” Mechanism

    Thursday, 10th October 2019

    The Egyptian Federation of Investors Associations (EFIA) will prepare a proposal for the Ministry of Finance (MoF) in order to determine gas prices for manufactures through a new mechanism namely “gas dollar” that will be like the “custom dollar” set by the MoF, EFIA’s Head of Tax and Customs Committee, Sobhi Nasr, said to Youm7 newspaper.

  • Negotiations Begin for Egyptian Energy Exchange Market

    Negotiations Begin for Egyptian Energy Exchange Market

    Tuesday, 7th August 2018

    The Ministry of Petroleum and the Egyptian Exchange have begun negotiations regarding the creation of a natural gas exchange market.

  • Paper Manufacturing Division Seeks More Gas

    Paper Manufacturing Division Seeks More Gas

    Thursday, 23rd March 2017
    The Paper Manufacturing Division at the Egyptian Chamber of Chemical Industries asked the Ministry of Petroleum and the Ministry of Industry to double the amount of gas pumped for paper factories without increasing prices.
  • Egypt to Revoke Gas Rate Cuts or Iron, Steel

    Egypt to Revoke Gas Rate Cuts or Iron, Steel

    Tuesday, 29th November 2016
    The Egyptian Government backed from its decision to cut the gas prices for iron and steel factories from $7 per 1m British Thermal Units (BTU) to $4.5 per 1mBTU.
  • Egypt to Keep Gas Rate Cuts for Iron, Steel

    Egypt to Keep Gas Rate Cuts for Iron, Steel

    Thursday, 10th November 2016
    Egypt will maintain the decision to reduce gas prices for steel factories that the government had planned to apply in September 2016.
  • Egypt Raised Pump Prices

    Egypt Raised Pump Prices

    Friday, 4th November 2016
    The Egyptian Ministry of Petroleum increased petrol price early November in a move to alleviate fuel subsidy expenditure within the country's economic reform program. The government has implemented the new prices upon announcing the change.
  • Egypt to Reduce Gas Prices for Steel Industry

    Egypt to Reduce Gas Prices for Steel Industry

    Wednesday, 12th October 2016
    The Egyptian Cabinethas authorized the application of reduced gas prices for the sector as of October, instead of September.
  • Egypt Evaluates Gas Prices in Market Liberalization Efforts

    Egypt Evaluates Gas Prices in Market Liberalization Efforts

    Wednesday, 10th August 2016
    The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the Egyptian General Petroleum Corporation (EGPC) gives priority to reforms within the gas market in order to guarantee that energy demand is met for all the sectors of the state.
  • Bahrain to Up Gas Prices With Subsidy Reforms on Other Fuels

    Bahrain to Up Gas Prices With Subsidy Reforms on Other Fuels

    Thursday, 2nd April 2015
    Companies will pay more for gas from today (April 1), the National Oil and Gas Authority (Noga) announced yesterday.
  • Iran Gas Denies Iranian Report of Underpriced UAE Gas Deal

    Iran Gas Denies Iranian Report of Underpriced UAE Gas Deal

    Tuesday, 24th February 2015
    National Iranian Gas Company (NIGC) has denied reports on negotiations with the United Arab Emirates’ Crescent Petroleum to revive a troubled gas export deal.