VOL. XLIV

No 36

3-September-2001

EGYPT

Egypt Sets Up Natural Gas Holding Company

Egypt has set up the EgyptianNatural Gas Holding Company (ENGHC), a new commercial entity owned by theEgyptian General Petroleum Corporation (EGPC) and capitalized at E400mn($94mn). ENGHC has wide-ranging powers regarding all aspects of the countrysnatural gas industry from planning and procuring investments to theimplementation, management and operation of gas projects, pipeline networks andliquefaction plants. It...