Middle East Economic Survey
VOL. XLVII
No 40
4-October-2004
EGYPT
Indias GAIL Acquires 15% Stake In Egypts NATGAS
The Gas Authority of India (GAIL) announced on 16 August it had acquired a 15% stake in Egypts National Gas Company (NATGAS) from the Egypt Kuwait Holding Company (EK Holding) for $19mn. NATGAS is the largest private local distribution company for natural gas in Egypt, with shareholders including EK Holding, Shell Gas, Petrogas, Jaicorp and now GAIL. Commenting on the agreement, GAIL...
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