{"id":582970,"date":"2023-03-14T00:00:00","date_gmt":"2023-03-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/govt-leaves-natgas-prices-for-electricity-plants-unchanged\/"},"modified":"2023-03-14T00:00:00","modified_gmt":"2023-03-14T00:00:00","slug":"govt-leaves-natgas-prices-for-electricity-plants-unchanged","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/govt-leaves-natgas-prices-for-electricity-plants-unchanged\/","title":{"rendered":"Gov\u2019t leaves natgas prices for electricity plants unchanged"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Natural gas price for electricity plants unchanged:<\/span><span style=\"\"> Natural gas will continue <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block-74978\/\" style=\"\">to be<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block-74978\/\" style=\"\">sold<\/a><\/span><span style=\"\"> to electricity plants affiliated with the Electricity Ministry at <\/span><span style=\"\">USD 3<\/span><span style=\"\"> \/ mmBtu, according to a decree published in the <\/span><span style=\"\">Official Gazette<\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REFRESHER- Natural gas is a strategic source of FX:<\/span><span style=\"\"> In a bid to <\/span><span style=\"\">maximize its exports of <\/span><span>natural gas and lock in much needed hard currency. Egypt is on a drive to reduce electricity consumption and<\/span><span><a href=\"https:\/\/enterprise.press\/stories\/2022\/08\/10\/in-a-hunt-for-foreign-currency-were-going-to-ration-electricity-77528\/\" style=\"\"><\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/08\/10\/in-a-hunt-for-foreign-currency-were-going-to-ration-electricity-77528\/\" style=\"\">ration its use of gas<\/a><\/span><span> for domestic power production. Power plants have been <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/14\/in-its-search-for-fx-egypt-is-burning-more-mazut-91127\/\" style=\"\">resorting to other types of fuel<\/a><\/span><span> in order to free up more gas for export.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The global gas market is still running hot: <\/span><span style=\"\">Europe is still looking to lock in replacements for <\/span><span>Russian natural gas, which before the war in Ukraine provided around 40% of its gas consumption.<\/span><span> Natural gas prices in global markets have fallen back from the peaks seen in the direct aftermath of the war\u2019s outbreak but remain <\/span><span>well above pre-pandemic averages.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price will remain USD 3 \/ mmBtu<\/p>\n","protected":false},"author":1,"featured_media":582971,"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":[244,93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-582970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-electricity","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"174620fd-3345-4baf-a160-2c5baa697a08","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/11\/Electricity-power-plant-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Egypt leaves natgas prices for electricity plants unchanged","related_issue":[582958],"teaser":"The price will remain USD 3 \/ mmBtu","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.b6de8237-62b8-4300-904f-ab2bed9df462.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The Electricity Ministry has been looking to reduce the dependence on heavy fuel oil as it wears out the plants\u2019 boilers and\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547629,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/","url_meta":{"origin":582970,"position":2},"title":"BP gets a new Mediterranean gas block","author":"enterpriseam admin","date":"29 June 2022","format":false,"excerpt":"BP lands new gas exploration rights in Mediterranean: Egypt awarded BP an offshore exploration block in the western Mediterranean\u2019s King Mariout Offshore concession, giving it 100% of the exploration rights for the area, the company said in a statement (pdf). The 2.6k sq km area has potential for material gas\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\/6\/339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665469,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/when-can-we-expect-electricity-prices-to-increase-next\/","url_meta":{"origin":582970,"position":3},"title":"When can we expect electricity prices to increase next?","author":"enterpriseam admin","date":"19 May 2025","format":false,"excerpt":"The Electricity Ministry last hiked electricity prices in September","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\/2025\/5\/1491.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669159,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/29\/govt-weighs-delaying-electricity-price-hikes-until-early-next-year\/","url_meta":{"origin":582970,"position":4},"title":"Gov\u2019t weighs delaying electricity price hikes until early next year","author":"enterpriseam admin","date":"29 July 2025","format":false,"excerpt":"The proposed electricity price increases could range from 15% to 40%","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\/2025\/6\/963.jpg?fit=%2C&ssl=1&resize=350%2C200","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":582970,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/582970","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=582970"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/582970\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/582958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/582971"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=582970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=582970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=582970"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=582970"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=582970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}