Liberalizing Egypt’s gas market requires additional steps and greater cooperation, a senior official at Egypt Natural Gas Holding Company (EGAS) said at a working luncheon hosted by the British Egyptian Business Association (BEBA) on Monday.

The new law regulating gas markets will produce a more flexible gas market and boost the Egyptian economy, predicts the Egyptian Minister of Petroleum and Mineral Resources.

Egypt's Petroleum and Mineral Resources Ministry announced it plans to finalize the new gas law before the end of 2017, according to Oil Minister, Tarek El Molla.