{"id":632624,"date":"2018-02-15T04:04:30","date_gmt":"2018-02-15T04:04:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/first-private-sector-lng-import-license-to-be-issued-at-the-end-of-feb-sources\/"},"modified":"2018-02-15T04:04:30","modified_gmt":"2018-02-15T04:04:30","slug":"first-private-sector-lng-import-license-to-be-issued-at-the-end-of-feb-sources","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/15\/first-private-sector-lng-import-license-to-be-issued-at-the-end-of-feb-sources\/","title":{"rendered":"First private sector LNG import license to be issued at the end of Feb -sources"},"content":{"rendered":"

<\/a> New natgas regulator to issue first LNG import license before the end of Feb? <\/strong>The newly-established natural gas market regulator is expected to issue the first LNG import license to the private sector before the end of February, when its board meets for the first time, sources close to the matter tell Al Shorouk<\/a>. While it remains unclear which company will make the first draw, we had heard last year<\/a> that EGAS gave BB Energy, Fleet Energy, and Qalaa Holdings\u2019 TAQA Arabia preliminary approval on natural gas import licenses, following the issuance of the Natural Gas Act, which reduces the state\u2019s role to regulator and opens the market to the private sector. Four other unnamed companies are reportedly also seeking import licenses.<\/p>\n

Fees for using state infrastructure also to be announced: <\/strong>The board, whose full lineup will be announced next week, will also discuss the fees private sector players will have to pay to use the state\u2019s natural gas grid under the act, the sources also said. News of the meeting comes one day after<\/a> Ismail Cabinet issued the executive regulations to the Natural Gas Act, officially bringing it into effect. Oil Minister Tarek El Molla, who will chair the board, had previously said<\/a> that the state will fully exit the market by 2022.<\/p>\n

Energy security and stability are key for the welfare of the Egyptian people<\/strong>, Oil Minister Tarek El Molla told CNBC in an interview<\/a>. Securing a reliable supply of energy products to Egyptians is the country\u2019s priority, then the government will look at \u201chow you would optimize,\u201d El Molla said, adding that \u201cthe good success that we have had over the last few years was through this \u2018good partnership\u2019 [Egypt has with IOCs].\u201d This process started with importation, but now Egypt is on track to reach self-sufficiency before year-end and has a long-term sustainable production strategy.<\/p>\n

The government also has plans to reduce fossil fuel dependency to 70% by 2035 <\/strong>from a current 90%, El Molla said, explaining that slashing fuel subsidies has allowed for more competition from renewable energy sources. \u201cIt now makes sense to start developing the renewables industry,\u201d he says. El Molla, a technocrat by nature, stated that<\/a> \u201csuccess would create professional jealousy and rising star countries would also attract more jealous people or jealous countries or whatever\u2026 so we will always be criticized for any of these thing,\u201d when asked about the criticism to the presidential elections.<\/p>\n","protected":false},"excerpt":{"rendered":"

New natgas regulator to issue first LNG import license before the end of Feb? The newly-established natural gas market regulator is expected to issue the first LNG import license to the private sector before the end of February, when its board meets for the first time, sources close to the matter tell Al Shorouk. While […]<\/p>\n","protected":false},"author":1,"featured_media":632625,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c700965f-100a-4836-a754-c5cbb1de6f26","order":"0","is_powered_by":true,"section_story_id":"2423bacb-af4c-492c-9d05-2870e60e258a","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/2\/1145.png","photo_position":"above","related_issue":[632618],"teaser":"","voice_url":""},"yoast_head":"\nFirst private sector LNG import license to be issued at the end of Feb -sources - 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\/2018\/02\/15\/first-private-sector-lng-import-license-to-be-issued-at-the-end-of-feb-sources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First private sector LNG import license to be issued at the end of Feb -sources\" \/>\n<meta property=\"og:description\" content=\"New natgas regulator to issue first LNG import license before the end of Feb? 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The regulator \u2014\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":633158,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/new-natgas-regulator-board-meets-for-the-first-time-no-word-on-when-first-import-license-will-be-issued\/","url_meta":{"origin":632624,"position":1},"title":"New natgas regulator board meets for the first time, no word on when first import license will be issued","author":"enterpriseam admin","date":"28 February 2018","format":false,"excerpt":"New natgas regulator board meets for the first time, no word on when first import license will be issued: The new natural gas market regulator\u2019s board of directors met for the first time yesterday after the Ismail Cabinet signed off on the full formation, Al Ahram reports. Appointees to the\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":604366,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/02\/rosneft-applies-for-natural-gas-import-license\/","url_meta":{"origin":632624,"position":2},"title":"Rosneft applies for natural gas import license","author":"enterpriseam admin","date":"2 December 2018","format":false,"excerpt":"Rosneft applies for natural gas import license: Russian energy giant Rosneft has begun the process of acquiring a license to import natural gas, sources told Al Mal on Thursday. The company has apparently received preliminary approval from the government to form a JV with a local entity for the activity,\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":624538,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/natural-gas-regulatory-authority-postpones-issuance-of-natgas-import-licenses\/","url_meta":{"origin":632624,"position":3},"title":"Natural Gas Regulatory Authority postpones issuance of natgas import licenses","author":"enterpriseam admin","date":"12 September 2018","format":false,"excerpt":"**#6 The Natural Gas Regulatory Authority has postponed the issuance of natural gas import licenses to private sector companies, saying the private sector is \u201cunprepared,\u201d according to an EGAS source. EGAS has renewed preliminary approval to grant Qalaa Holdings\u2019 TAQA Arabia, BB Energy and Fleet Energy the import licenses, effectively\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":601645,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/06\/natgas-regulator-begins-issuing-licenses-not-for-private-sector-imports-though\/","url_meta":{"origin":632624,"position":4},"title":"Natgas regulator begins issuing licenses, not for private sector imports though","author":"enterpriseam admin","date":"6 March 2019","format":false,"excerpt":"Natgas regulator issues 18 licenses, none for private sector gas imports: The Natural Gas Regulatory Authority issued 18 natural gas import and distribution licenses in Egypt, government sources told the local press. The two gas import licenses went to EGAS, with the private sector still not receiving official licenses to\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":625397,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/natgas-market-regulator-sets-fees-for-private-sectors-use-of-the-state-grid-at-usd-0-38-mmbtu\/","url_meta":{"origin":632624,"position":5},"title":"Natgas market regulator sets fees for private sector\u2019s use of the state grid at USD 0.38 MMBtu","author":"enterpriseam admin","date":"5 August 2018","format":false,"excerpt":"Natgas market regulator sets fees for private sector\u2019s use of the state grid at USD 0.38 \/ MMBtu: The Natural Gas Regulatory Authority set on Thursday the fee that private sector players will have to pay to use the state\u2019s national grid to transport gas at USD 0.38 \/ MMBtu,\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632624","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=632624"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632624\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/632618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/632625"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=632624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=632624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=632624"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=632624"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=632624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}