Egypt Moves to End State Monopoly of Natural Gas Market
- New gas market regulator to be set up to govern sector
- Private sector can participate in transport, distribution
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Egypt is opening the door to private participation in its natural gas sector, moving to end the state’s monopoly as it pushes ahead with reforms meant to encourage investment and revive the economy.
The new law signed by President Abdel-Fattah El-Sisi sets up a natural gas regulatory authority charged with licensing and devising a plan to open the gas market to competition. It also allows for the eventual import of natural gas by private companies -- a move that could help end supply shortages that have hampered businesses.