{"id":642939,"date":"2017-08-27T03:51:46","date_gmt":"2017-08-27T03:51:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/manufacturers-looking-to-press-govt-once-again-on-lowering-gas-prices\/"},"modified":"2017-08-27T03:51:46","modified_gmt":"2017-08-27T03:51:46","slug":"manufacturers-looking-to-press-govt-once-again-on-lowering-gas-prices","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/manufacturers-looking-to-press-govt-once-again-on-lowering-gas-prices\/","title":{"rendered":"Manufacturers looking to press gov\u2019t once again on lowering gas prices"},"content":{"rendered":"<p><strong>Manufacturers are looking to press the government once again on repricing natural <\/strong><strong>gas to industry<\/strong>, with the Union of Egyptian Investors Associations planning to meet with Oil Ministry officials sometime in the next few days to push for the issue. <a href=\"http:\/\/www.almalnews.com\/Story\/343758\/14\/%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86-%D9%8A%D8%B7%D9%84%D8%A8-%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%AA%D8%B3%D8%B9%D9%8A%D8%B1-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D9%85%D9%88%D8%B1%D8%AF-%D9%84%D9%84%D9%85%D8%B5%D8%A7%D9%86%D8%B9\">An official from EGAS tells Al Mal<\/a> that it is unlikely that the government will respond to their pleas, saying that it imports gas at a price of USD 7 per mmBTU and buys gas from local producers at a price of USD 6 per mmBTU. The official added that the government currently supplies manufacturers with gas at between USD 3-7 per mmBTU, depending on the industry. The Ismail cabinet had <a href=\"https:\/\/enterprise.press\/stories\/2016\/08\/04\/govt-to-reduce-gas-prices-to-steel-manufacturers-in-september-kabil\/\">made a concession to steel factories last year<\/a>, promising to lower the price to USD 4.5 from USD 7. Subsidizing inefficient industrial players at the same time as consumers pay more for energy would be political suicide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manufacturers are looking to press the government once again on repricing natural gas to industry, with the Union of Egyptian Investors Associations planning to meet with Oil Ministry officials sometime in the next few days to push for the issue. An official from EGAS tells Al Mal that it is unlikely that the government will [&hellip;]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642939","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0fb2cb74-9796-4567-ac3c-a876e139c925","order":"0","is_powered_by":true,"section_story_id":"42686a2f-90d4-42b6-87fa-8075d095abd7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642925],"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>Manufacturers looking to press gov\u2019t once again on lowering gas prices - 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\/2017\/08\/27\/manufacturers-looking-to-press-govt-once-again-on-lowering-gas-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manufacturers looking to press gov\u2019t once again on lowering gas prices\" \/>\n<meta property=\"og:description\" content=\"Manufacturers are looking to press the government once again on repricing natural gas to industry, with the Union of Egyptian Investors Associations planning to meet with Oil Ministry officials sometime in the next few days to push for the issue. 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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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