Egypt’s cement producers still unhappy with natgas prices

Cement manufacturers will only go back to using natural gas if the government halves the price at which it sells it to their factories to USD 3 / MMBtu, head of the Federation of Egyptian Industries’ cement division Medhat Estefanios tells Youm7. Coal will remain the more cost efficient energy source until then, says Estefanios. A recently formed government committee that meets twice a year cut gas prices to cement factories to USD 6 / MMBtu from USD 8 in its most recent meeting last October.