The Ministry of Petroleum and Mineral Resources, Tarek El Molla, has praised the effective contribution of Gastec to achieve the ministerial strategy of maximizing the utilization of natural gas as fuel.

El Molla highlighted that directives of President Abdel Fattah El-Sisi are committed to strengthening the coordination between government ministries and the private sector to support the expansion of NGVs use.

Egypt’s Public Treasury has disbursed EGP 115 bln in green incentives to replace 5000 obsolete taxis and private cars as well as 130 minibuses with natural gas vehicles.

The President Abdel Fattah Al Sisi inspected a number of cars’ models which are produced by major international companies as well as produced locally and prepared to run on natural gas.

The Minister of Commerce and Industry, Neveen Gamea, reviewed new details of the initiative to replace obsolete vehicles with vehicles running on natural gas.

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed two agreements with Natural Gas Vehicles Company (Car gas) and the Egyptian International Gas Technology Co. (Gastec), totaling EGP 80 million, in order to convert cars to run on compressed natural gas (CNG) instead of gasoline.