El Molla: 14M households connected to natural gas

Minister of Petroleum and Mineral Resources Tarek El Molla announced that about 60% of the households to which natural gas was connected over the past 42 years have been achieved during the last eight years alone, with about 8.3 million housing units out of more than 14 million housing units benefiting from natural gas till date, the ministry said in a statement.

The minister stated that this development in the rates of natural gas delivery to homes serves over 60 million citizens in these units and saves about 250 million gas cylinders annually.

This came during the minister’s speech during the meeting, which was held in the presence of the leaders of the petroleum sector and the ambassadors of the European Union (EU) and France in Cairo, at the conclusion of the joint project funded by the EU, the French Development Agency and the World Bank (WB) to deliver natural gas to about 2.3 million households in 20 governorates in cooperation with the Egyptian Natural Gas Holding Company (EGAS). The project further aimed to supporting the company’s digital transformation projects to implement the ERP system, supporting the restructuring of the gas market and establishing the market regulatory body.

The project comes within the framework of the growing and extended cooperation between Egypt and the EU, where the Ministry of Petroleum and Mineral Resources worked to establish various partnerships in support of its strategy to maximize the utilization of natural gas resources, which has become the main fuel in the energy sector in light of the state’s drive towards energy transition, decarbonization, climate action, and diversification of Egypt’s energy mix, El Molla noted.