Natural gas consumption is paid in US dollars for projects in free zones and economic zones. Otherwise, natural gas consumption is paid in Egyptian pounds, according to the average dollar exchange rate officially announced by the Central Bank of Egypt during the month preceding the accounting period.
The gas prices for various activities are as follows:
1- Natural gas supplied to the fertilizer and chemical industries:
In accordance with Prime Ministerial Decree No. 3221 of 2022, the selling price of natural gas supplied to the nitrogen fertilizer industry is determined according to the following pricing equation:
Gas price (US dollars/million British thermal units) = (Selling price per ton of urea supplied to the Ministry of Agriculture and Land Reclamation after deducting taxes * Supply ratio set by the Ministry of Agriculture and Land Reclamation ÷ 60) + (Selling price per ton of urea exported according to the average global FOB Egypt price (the market – fertcon) during the month preceding the accounting month) * (1- Supply ratio set by the Ministry of Agriculture and Land Reclamation) ÷ 60).
The Decree stipulates that in all cases, the minimum selling price shall not be less than $4.5 per million British thermal units (BTU).
The selling price of natural gas supplied to the non-nitrogen fertilizer industry is set at $5.75 per million British thermal units (BTU).
2- Natural gas supplied to iron and steel industry:
According to Decree No. 2902 of 2021, the price is $5.75 per million British thermal units (BTU).
3- Natural gas supplied to cement industry:
According to Decree No. 3574 of 2022, the price is $12 per million British thermal units (BTU).
4- Natural gas supplied to all other industrial activities:
According to Decree No. 2902 of 2021, the price is $4.75 per million British thermal units (BTU).
5- Natural Gas Supplied for Electricity Generation:
According to Prime Ministerial Decree No. 4176 of 2024, the selling price of natural gas supplied for electricity generation is set at $4 per million British thermal units (MMBtu) for electricity generation companies affiliated with the Ministry of Electricity and Renewable Energy or other companies.
6- Natural Gas Supplied for Bricks industry:
The price is 210 Egyptian pounds per MMBtu.
7- Natural Gas Supplied for Local Bakeries (Subsidized Bread):
According to Decree No. 2902 of 2021, the price is 14.10 piasters per cubic meter.
8- Natural Gas Supplied for Homes and Commercial Activity Equivalent to Home Use
(From 0 to 30 cubic meters): 4 Egyptian pounds per cubic meter.
(Over 30 cubic meters up to 60 cubic meters): 5 Egyptian pounds per cubic meter.
(Over 60 cubic meters): 7 Egyptian pounds per cubic meter.
9- Selling Price for natural gas used as fuel for vehicles :
The selling price per cubic meter of compressed natural gas used as fuel for vehicles delivered to the consumer’s vehicle at the gas station is set at EGP 7 per cubic meter, according to standard specifications, including the specific stamp duty, in accordance with the relevant laws.