Since its inception, the Authority has focused on preparing the market, its entities, and all transactions and practices related to its activities to align with the Authority’s goals and strategy towards the gradual opening of the market to competitiveness. This is the cornerstone of the Ministry of Petroleum’s and Egypt’s vision to transform into a regional energy trading hub.

One of the most significant efforts of Gas Regulatory Authority has been organizing and coordinating relationships among all market participants, whether companies involved in transportation, distribution, or supply. This regulation aims to ensure that these companies operate within a unified legal and regulatory framework, contributing to transparency and fairness in transactions.

In addition, the completion of rules, standards, and regulatory frameworks ensures that various activities are conducted in an organized and efficient manner. This system guarantees that each entity adheres to its responsibilities and obligations, providing greater opportunities for development and expansion in line with the state’s goals to strengthen the natural gas sector.

The Authority has also prioritized bringing successful global practices and expertise to the Egyptian market, which aids in the development of the gas market system and gradually introduces competition concepts. These initiatives have directly contributed to enhancing market efficiency, improving the quality of services provided to consumers, and creating an environment conducive to attracting more investments. Thanks to these efforts, the Egyptian gas market has seen significant development, becoming well-prepared for continued growth on strong economic and regulatory foundations.

As we continue this journey, the next phase will focus more on diversifying gas sources within the market, allowing a greater and more diverse number of entities to engage in market activities, thereby promoting competitiveness and innovation. Additionally, we will expand regulatory scope to cover new activities such as gas storage, hydrogen activities, including transport, storage, and any related operations. Efforts will also be intensified to increase the base of eligible consumers who will benefit from these developments, as eligible consumers represent the true starting point for any competitive market.

In this context, I would like to extend my heartfelt thanks and appreciation to the Authority’s team for their dedicated efforts in implementing the Authority’s ambitious vision and goals. I would also like to thank the licensed companies and market participants for their ongoing cooperation with GasReg in implementing regulatory decisions and their active contribution to developing this vital sector. This joint cooperation has been and will remain one of the main pillars of the successes we take pride in today.

Together, we look forward to achieving more milestones that will support our efforts to establish Egypt as one of the region’s main energy hubs. These efforts aim to attract more investments in the energy sector, utilize our natural resources more efficiently, and achieve economic sustainability for a better future.

Eng. Mohamed Abdel Aziz

CEO