{"id":550022,"date":"2022-10-11T03:48:22","date_gmt":"2022-10-11T03:48:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/"},"modified":"2022-10-11T03:48:22","modified_gmt":"2022-10-11T03:48:22","slug":"government-doubles-gas-prices-for-cement-producers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/","title":{"rendered":"Government doubles gas prices for cement producers"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Cement producers are going to be paying more than double what they used to for <\/strong><strong>natural gas<\/strong> after the government issued a decree earlier this week enforcing a price hike of c.108%. Natural gas will now be sold to cement manufacturers at USD 12.00 per mmBtu, from USD 5.75 \/ mmBtu previously, according to the Official Gazette.<\/p>\n<p><strong>The decree also raises natgas prices for some other industries<\/strong><strong>:<\/strong><\/p>\n<ul>\n<li><strong>Brick kilns<\/strong> will be charged EGP 110.00 per mmBtu, up from EGP 73.00 \/ mmBtu;<\/li>\n<li><strong>Petrochemical companies producing ethane-propane blends<\/strong> will be charged according to a price formula that will be updated monthly by the state\u2019s Egyptian General Petroleum Corporation (EGPC), with a <strong>set floor of USD 4.50 \/ mmBtu<\/strong>;<\/li>\n<li><strong>Other petrochems producers will see no change<\/strong> to their natural gas prices, which were set <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a41ad6b-9141-4ceb-9c19-9cdb81e423f3\">last October<\/a> at USD 5.75 \/ mmBtu.<\/li>\n<\/ul>\n<p><strong>The exceptions: <\/strong>The decree does not apply to companies whose natural gas purchases have been priced into their supply contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cement producers are going to be paying more than double what they used to for natural gas after the government issued a decree earlier this week enforcing a price hike of c.108%. Natural gas will now be sold to cement manufacturers at USD 12.00 per mmBtu, from USD 5.75 \/ mmBtu previously, according to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":550023,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[1002,93,72,705],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-cement","tag-energy","tag-enterpriseam","tag-petrochemicals","wpautop","entry"],"acf":{"mongo_id":"4903a111-23fe-4cba-9559-31f2a580457a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/187.jpg","photo_position":"above","related_issue":[550011],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Government doubles gas prices for cement producers - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government doubles gas prices for cement producers\" \/>\n<meta property=\"og:description\" content=\"Cement producers are going to be paying more than double what they used to for natural gas after the government issued a decree earlier this week enforcing a price hike of c.108%. Natural gas will now be sold to cement manufacturers at USD 12.00 per mmBtu, from USD 5.75 \/ mmBtu previously, according to the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-11T03:48:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/187.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Government doubles gas prices for cement producers\",\"datePublished\":\"2022-10-11T03:48:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/\"},\"wordCount\":157,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/187.jpg?fit=%2C&ssl=1\",\"keywords\":[\"cement\",\"energy\",\"EnterpriseAM\",\"petrochemicals\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/government-doubles-gas-prices-for-cement-producers\/\",\"name\":\"Government doubles gas prices for cement producers - 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Coal will remain the more cost efficient energy\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549367,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/14\/nitro-fertilizer-producers-will-now-pay-more-for-gas\/","url_meta":{"origin":550022,"position":1},"title":"Nitro fertilizer producers will now pay more for gas","author":"enterpriseam admin","date":"14 September 2022","format":false,"excerpt":"Producers of nitrogen fertilizers could see their natural gas bills rise following a government decision to link them to the price of urea fertilizer.What\u2019s going on exactly? Companies will now have their gas bills calculated based on a new formula that takes into account the price of a ton of\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/216.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593191,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/20\/house-to-call-for-more-natgas-price-cuts-for-industry\/","url_meta":{"origin":550022,"position":2},"title":"House to call for more natgas price cuts for industry","author":"enterpriseam admin","date":"20 November 2019","format":false,"excerpt":"House to call for more natgas price cuts for industry: The House Industrial Committee will ask the government to cut natural gas prices by USD 1 to USD 4.5 \/ mmbtu for steel, aluminum, copper, ceramics, and porcelain factories, parliamentary sources say. The committee is planning to present this recommendation\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556552,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/factories-face-higher-utility-bills-as-govt-hikes-gas-prices\/","url_meta":{"origin":550022,"position":3},"title":"Factories face higher utility bills as gov\u2019t hikes gas prices","author":"enterpriseam admin","date":"31 October 2021","format":false,"excerpt":"The government has hiked gas prices for factories by up to 28%, according to a decision published in the Official Gazette on Thursday, as global gas prices remain elevated. Cement, iron and steel, and petrochemicals and fertilizers producers will now pay USD 5.75 \/ mmBtu, up from USD 4.5 \/\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/322.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568102,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/lafarge-chief-on-how-to-save-his-industry\/","url_meta":{"origin":550022,"position":4},"title":"LaFarge chief on how to save his industry","author":"enterpriseam admin","date":"17 December 2020","format":false,"excerpt":"It\u2019s going to take more than just lower natural gas prices to uplift Egypt\u2019s ailing cement industry, LaFarge Egypt CEO Solomon Baumgartner Aviles writes in an opinion piece (pdf). According to Aviles, the price of natgas should be USD 1.7 per mmBtu \u2014 which is much lower than the current\u2026","rel":"","context":"In &quot;Industry&quot;","block_context":{"text":"Industry","link":"https:\/\/enterpriseam.com\/egypt\/category\/industry\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/310.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592640,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/nat-gas-price-cuts-for-the-petrochem-industry-may-be-on-the-way\/","url_meta":{"origin":550022,"position":5},"title":"Nat gas price cuts for the petrochem industry may be on the way","author":"enterpriseam admin","date":"3 November 2019","format":false,"excerpt":"Nat gas price cuts for the petrochem industry may be on the way: The Madbouly government is considering introducing a new pricing scheme that would lower the price of natural gas sold to petrochemical factories below USD 7\/mmBtu, a government source told the press. The mechanism would be linked to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/249.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=550022"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550022\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/550011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/550023"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550022"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550022"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}