Policy & Regulation

Egypt’s gas law receives final approval

Egypt’s president has approved the country’s new gas law, which aims to break the state monopoly on marketing gas Egypt’s president has approved the country’s new gas law, which aims to break the state monopoly on marketing gas.
By Verity Ratcliffe 11 August 2017 0 27148
Egyptian President Abdel Fattah el-Sisi. (PA)

Egypt’s president has ratified a law designed to break the state’s monopoly of the gas sector and establish a regulator. Cairo hopes the move will draw private investment to Egypt and remove some of the barriers to industrial development. 

Law 196/2017, which regulates the activities of the gas market, was signed into law by Abdel Fattah el-Sisi on Monday, having received parliamentary approval on 5 July. The president of the Council of Ministers, Egypt’s cabinet, will issue specific regulations to Sisi within the next six months.

“The...