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Wednesday, April 17, 2024 19:34 GMT
Egypt has increased the usage fees for its national gas grid by 29% to US$0.375 per mmbtu, the national gas regulator said on its website on Friday. The price increase came as part of a "gradual liberalization of the market", it said in a statement. Egypt had first set the usage fees at US$0.38 per mmbtu in August 2018 for a year. In December 2019, Egypt had lowered the usage fees by 24% to US$0.29 per mmbtu.