Egypt Increases Usage Fee for National Gas Grid

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.