Natural Gas Accounts for 20-40% of Industrial Product Costs

Natural gas accounts for between 20% and 40% of the total cost needed to produce industrial products, a source at the Egyptian Natural Gas Holding Company (EGAS) told Amwal Al Ghad.

Natural gas sales to the industrial sector are priced according to separate tariffs, different from those used for the domestic and commercial sectors.

The government raised natural gas tariffs for households and businesses by EGP 0.075 at the beginning of August, increasing prices by as much as 75%.

The source added that the recent gas price increases do not necessarily affect all companies in the industrial sector.

Some industries have been affected by the latest decision to increase gas prices. The source said that natural gas accounts for 60% of the expenditure of companies in the fertilizer industry, heavily affecting their finances when gas tariffs increase.

Egypt Oil & Gas Contribution Time: 29-Aug-2018 14:41 (GMT)
Egypt Oil & Gas Last Update Time: 29-Aug-2018 14:41 (GMT)