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Oil & Gas

MEDREG contribution to the Egyptian gas regulatory reform

Posted: April 11, 2016 at 5:09 pm   /   by   /   comments (0)

medreg logoOn 4 April 2016 MEDREG (Mediterranean Energy Regulators) participated to a workshop in Cairo (Egypt) organized by the Egyptian Natural Gas Holding Company (EGAS).

Egypt’s gas market has been facing great challenges: long term solutions for the reform of the gas sector have to be implemented. They include the restructuring of the gas market and the adoption of a new regulatory framework.

In line with its strategy 2020-2030, MEDREG is committed to support the development of competitive and transparent gas markets in Member countries.

The workshop (Lessons Learned from Market Reform: Key Roles of Regulators in Leading this Reform) has been the occasion for MEDREG and EGAS to identify a set of actions in support of gas regulatory reforms including the kick-off for an independent regulator.

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MEDREG President speaking at workshop – Cairo (Egypt)

MEDREG President, Eng. Hatem Waheed, chaired the workshop confirming the commitment to assist the new Egyptian gas regulator through trainings, capacity building activities and in the initial drafting of Egyptian secondary legislation for the gas sector. MEDREG President officially invited EGAS to attend the next MEDREG General Assembly in Malta on 18 May.

The workshop was attended by EGAS officers as well as several national and international stakeholders and included a technical presentation prepared by the Regulatory Authority for Energy of Greece (MEDREG Member and co-chairman of the Gas Working Group).

(MEDREG Press Release)

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