{"id":651113,"date":"2017-02-05T04:08:34","date_gmt":"2017-02-05T04:08:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/05\/egas-urges-factories-to-pay-overdue-gas-bills-on-time\/"},"modified":"2017-02-05T04:08:34","modified_gmt":"2017-02-05T04:08:34","slug":"egas-urges-factories-to-pay-overdue-gas-bills-on-time","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/05\/egas-urges-factories-to-pay-overdue-gas-bills-on-time\/","title":{"rendered":"EGAS urges factories to pay overdue gas bills on time"},"content":{"rendered":"<p>EGAS has agreed to restructure a total of EGP 2 bn in receivables from factories over periods of three to five years, EGAS Chairman Mohamed El Masry told <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/02\/%D8%A5%D9%8A%D8%AC%D8%A7%D8%B3-%D8%AC%D8%AF%D9%88%D9%84%D8%A9-2-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%84%D9%84%D9%85%D8%B5%D8%A7%D9%86%D8%B9-%D9%88%D9%84%D8%A7-%D8%AA\/\">Al Borsa<\/a>. He said companies are committed to their repayment schedule and complied with paying 10% of what is owed. El Masry added that EGAS has not cut gas supplies and will not reduce the quantities allocated to factories. The news comes as EGAS has reportedly sent warning letters to factories urging them to stick to the gas bill payment schedule set by the company\u2019s board of directors, <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/04\/%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a5%d9%8a%d8%ac%d8%a7%d8%b3-%d8%a5%d9%86%d8%b0%d8%b1-%d8%a7%d9%84%d9%85%d8%b5%d8%a7%d9%86%d8%b9-%d9%84%d8%b3%d8%af%d8%a7%d8%af-%d8%a7%d9%84%d9%85%d8%af%d9%8a\/\">Al Borsa<\/a> reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EGAS has agreed to restructure a total of EGP 2 bn in receivables from factories over periods of three to five years, EGAS Chairman Mohamed El Masry told Al Borsa. He said companies are committed to their repayment schedule and complied with paying 10% of what is owed. El Masry added that EGAS has not [&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":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651113","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"61b8e834-c644-4d45-8d43-2cc4742a48c5","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651084],"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>EGAS urges factories to pay overdue gas bills on time - 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\/02\/05\/egas-urges-factories-to-pay-overdue-gas-bills-on-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGAS urges factories to pay overdue gas bills on time\" \/>\n<meta property=\"og:description\" content=\"EGAS has agreed to restructure a total of EGP 2 bn in receivables from factories over periods of three to five years, EGAS Chairman Mohamed El Masry told Al Borsa. He said companies are committed to their repayment schedule and complied with paying 10% of what is owed. 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EGAS said the current prices are appropriate for different industries. It said factories, who receive about 2.4 bcf\/day of natural\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576173,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/investors-union-egas-to-look-at-lower-gas-prices-for-industry\/","url_meta":{"origin":651113,"position":1},"title":"Investors union, EGAS to look at lower gas prices for industry","author":"enterpriseam admin","date":"12 November 2020","format":false,"excerpt":"Could natgas prices for factories be liberalized? Long-term demands from factories for lower gas prices will be considered by a newly-formed task force made up of the Egyptian Federation of Investors Associations and EGAS, EFIA member Sobhy Nasr told Youm7. 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EGAS will also move ahead with its seismic mapping of blocks in west Mediterranean before setting them\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":641899,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/01\/egas-grants-three-companies-preliminary-approval-to-import-gas\/","url_meta":{"origin":651113,"position":3},"title":"EGAS grants three companies preliminary approval to import gas","author":"enterpriseam admin","date":"1 August 2017","format":false,"excerpt":"EGAS has granted three unnamed companies preliminary approvals on their requests to import natural gas privately and pump it through the national pipeline network, said EGAS Vice Chairman Amira El Mazni, according to Al Borsa. 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