EGAS grants preliminary approval for Dolphinus & TAQA to import gas

taqaDolphinus Holdings and TAQA Arabia have both put in requests for licenses to import natural gas — presumably from our eastern neighbors — in addition to two other non-Egyptian companies, a government source tells Al Borsa.

While EGAS did grant the companies a “preliminary approval,” the source notes that licenses to import gas cannot be issued until the House of Representatives approves the long-awaited Natural Gas Act, which would deregulate the natural gas industry and see the state step back to become the market regulator and provider of pipelines.

The source confirms that the bill is still with the Egyptian Council of State (Maglis El Dowla).

(Source: Enterprise.press)

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