Gas-based economy: Investments prompt Egypt to fast track national goal

Gas-based economy: Investments prompt Egypt to fast track national goal

“In the past six years, we successfully connected five million Egyptian households to the natural gas grid, which is a huge breakthrough. This number represents 45 percent of the total number of 11.2 million households connected to natural gas in the past 40 years.”El Molla said the country has also expanded the use of Compressed Natural Gas (CNG) in vehicles as part of national goal to drive economic growth through natural gas.“We have 330,000 converted-vehicles on the road fuelled through 215 CNG stations with a plan to reach more than 600 stations and additional 260,000 converted vehicles by 2023,” he said.Regional roleEgypt's domestic achievements has also set the stage for the country to play a prominent role in the region's natural gas sector.In September, Egypt's efforts to forge a forum