Egypt announces natural gas prices for industries

Egypt announces natural gas prices for industries

The Egyptian cabinet approved the proposal submitted by the ministerial committee concerning the prices of natural gas to several industries.

Natural gas delivered to cement factories will be priced at $6 per one million British thermal units (BTU), while the price of natural gas for iron, steel, aluminium, cooper, ceramic, and porcelain factories will be $5.5 per one million BTU, the country’s prime minister Mostafa Madbouly said in a statement on Thursday.
Previously, the Egyptian government set the prices of natural gas to $8 per one million BTU for cement factories and $7 per one million BTU for iron plants.

Madbouly noted that the prices of natural gas will be reviewed every six months in light of the global prices and local economic and social conditions.

-Mubasher