{"id":574350,"date":"2020-09-07T04:03:55","date_gmt":"2020-09-07T04:03:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/manufacturers-continue-lobbying-efforts-to-cut-gas-prices-ahead-of-fuel-committee-meeting\/"},"modified":"2020-09-07T04:03:55","modified_gmt":"2020-09-07T04:03:55","slug":"manufacturers-continue-lobbying-efforts-to-cut-gas-prices-ahead-of-fuel-committee-meeting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/manufacturers-continue-lobbying-efforts-to-cut-gas-prices-ahead-of-fuel-committee-meeting\/","title":{"rendered":"Manufacturers continue lobbying efforts to cut gas prices ahead of fuel committee meeting"},"content":{"rendered":"

Manufacturers are pushing ahead with an aggressive lobbying campaign that aims to <\/strong>convince the state to cut natural gas prices.<\/strong> Manufacturers surveyed by Hapi Journal<\/a> estimated the fair price for gas at between USD 2.50\u20133.50 \/ mmbtu against the current USD 4.50 \/ mmbtu<\/p>\n

Among the suggestions being offered was a gas pricing committee<\/strong>, similar to the fuel pricing mechanism that reviews domestic oil prices every three months. Magd El Din El Manzalawi, head of the industry committee at the Egyptian Businessmen Association, suggested to Hapi<\/a> that factories could pay the market price for gas, which would be determined by a committee that meets on a monthly or quarterly basis to review prices and keep them in line with the international markets.<\/p>\n

This comes after the heads of export councils last week <\/strong>pushed for lowering gas prices<\/a><\/strong> to USD 3.50 \/ mmbtu <\/strong>at a meeting with Trade and Industry ministry officials, who promised to raise the issue with the cabinet. The government has cut gas prices twice in the past year: once in October<\/a> and six months later as part of its stimulus measures<\/a> to protect the economy from the fallout of the covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Manufacturers are pushing ahead with an aggressive lobbying campaign that aims to convince the state to cut natural gas prices. Manufacturers surveyed by Hapi Journal estimated the fair price for gas at between USD 2.50\u20133.50 \/ mmbtu against the current USD 4.50 \/ mmbtu Among the suggestions being offered was a gas pricing committee, similar […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[5838,72,819,91,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574350","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-energy-pricing-committee","tag-enterpriseam","tag-fuel","tag-oil-and-gas","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3b2310f9-93ec-4869-99b0-75b74a898783","is_powered_by":true,"section_story_id":"23918bcf-5e12-4ca5-b57e-940723993ef5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[574333],"teaser":"","voice_url":""},"yoast_head":"\nManufacturers continue lobbying efforts to cut gas prices ahead of fuel committee meeting - 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\/2020\/09\/07\/manufacturers-continue-lobbying-efforts-to-cut-gas-prices-ahead-of-fuel-committee-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manufacturers continue lobbying efforts to cut gas prices ahead of fuel committee meeting\" \/>\n<meta property=\"og:description\" content=\"Manufacturers are pushing ahead with an aggressive lobbying campaign that aims to convince the state to cut natural gas prices. 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A government committee that will decide on gas prices to industry is reportedly considering lowering the price of natural gas when they meet this month, Masrawy reports, citing government sources. 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The committee is planning to present this recommendation\u2026","rel":"","context":"In "Speed Round"","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":575279,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/fuel-prices-to-remain-unchanged-till-end-of-2020\/","url_meta":{"origin":574350,"position":3},"title":"Fuel prices to remain unchanged till end of 2020","author":"enterpriseam admin","date":"11 October 2020","format":false,"excerpt":"The government\u2019s fuel pricing committee decided to leave fuel prices unchanged for the remainder of 2020, according to a cabinet statement. The decision, made at the committee\u2019s final quarterly meeting of the year, leaves 95-octane at EGP 8.50 per liter, 92-octane at EGP 7.50, and 80-octane at EGP 6.25. Diesel\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/89.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560116,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/","url_meta":{"origin":574350,"position":4},"title":"Magic sauce for industry: Lower natgas costs + new legislation?","author":"enterpriseam admin","date":"16 February 2021","format":false,"excerpt":"Manufacturers could get lower natural gas prices if the House Industry Committee gets its way, with the committee lobbying Oil Minister Tarek El Molla to cut prices to factories to help prop up local industry, Al Mal reports. Industry figures are particularly unhappy about local gas prices remaining above international\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/235.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593422,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/government-to-review-natgas-electricity-prices-for-industries-within-days\/","url_meta":{"origin":574350,"position":5},"title":"Government to review natgas, electricity prices for industries within days","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"Gov\u2019t to review natgas, electricity prices for industries \u201cwithin days\u201d: The committee formed last month to revise the price at which the government sells natural gas and electricity to factories is set to meet within the next few days, Public Enterprises Minister Hisham Tawfik said, according to Al Shorouk. 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