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    GhanaWeb: Egypt Raises Gas Price Paid to Italy's Eni and Edison - EGAS Official

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Summary

Egyptian state-run EGAS has increased the price it pays to Eni and Edison for gas it produces domestically as part of a drive to incentivise foreign companies

by: Erica Mills

Posted in:

Press Notes, Africa

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GhanaWeb: Egypt Raises Gas Price Paid to Italy's Eni and Edison - EGAS Official

Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday.

The agreements mark the latest move by Egyptian authorities to improve terms for foreign oil and gas businesses in the hope that more competitive pricing will encourage investment in the energy-hungry country.

Read the full article HERE.

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