Egyptian "Egyptian Communique" reported on August 9 that Egyptian President Sessions signed a law on natural gas market management recently, which would break the government monopoly of the gas market and allow private investment into the gas market. Under the Act, the Government will set up a Natural Gas Administration to responsible for natural gas market management and set developing plan. And allow private enterprises to engage in natural gas import operations. Private companies can use the pipeline system and infrastructure for natural gas transportation, storage and sales. The implementation details of the bill will be announced within six months.Industry sources said the opening of the natural gas market will increase the transparency and flexibility of the market, reduce production costs of enterprise.
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