TAQA Arabia is planning to pump EGP 240 million of investments in 2020 towards building 14 natural gas fuel stations compatible with all vehicles, which will increase the company’s number of natural gas stations to 21, Khaled Abu Bakr, Executive Chairman of TAQA Arabia and Egypt Gas Association (EGA) stated.

Sinai Gas is now delivering natural gas to Nabaq Bay in Sharm El-Sheikh with 90% completion of the project and an investment of EGP 250 million.

Gastec cancels car conversion's late premium penalties.

The Egyptian International Gas Technology's (Gastec) net profits increased in 2019 to EGP 64.2 million from EGP 14.2 million in 2018, and increased its revenues by 60% recording EGP 1,381 billion in 2019 against EGP 866,8 million in 2018.

Natural Gas Vehicles Company (Car gas) increased the number of natural gas converted cars by 122% reaching 22,649 cars in 2019, compared to 10,212 cars in 2018.