Egypt lowers industrial gas price to $4.5/mmBtu amid coronavirus outbreak

Egypt on Tuesday cut the price of natural gas for industrial use to $4.5 per million British thermal units (mmBtu) in an attempt to ease the economic impact of the coronavirus pandemic.

The move is part of the government’s measures to soften the economic impact of the fast-spreading coronavirus outbreak on Egypt’s industrial sector, Prime Minister Moustafa Madbouly said in a statement.