Egypt approves the new “operation code” for gas transportation soon
GASREG is now in the middle of a discussion and reviewing the operation code for the gas transportation system to a prelude to the application as the main mechanism in organizing the work of the gas trading market in Egypt.
This code will create a competitive market and setting unified principles for entities operating in the market and the owners and operators of the gas transportation network to allow the use of the transportation system without discrimination.
The importance of the operation code of the gas transportation network is that it is a set of technical and commercial rules, for the foundations of the use of the transportation system between the operator and its users, in accordance with the law of the gas market regulation and its executive regulations and to allow access to new parties to the market, which paves the way to achieving competitiveness in accordance with the principles of transparency, justice, non-discrimination, and equality, taking into account the interests of all participants in the gas market.
The CEO of the agency explained that, according to the objectives of the agency to regulate the relationship between the participants in the gas trading market, the necessity of approving the operating code of the gas transportation system, after consulting with the network operators and after issuing licenses for entities operating in the gas market and giving a deadline to reconcile the situation, it was necessary to pass the transport code As a set of common rules that form the basis of technical and commercial relations for the use of the gas transportation system.
This code contains the description of the gas transportation system with all its accessories, the monitoring, and control system, the rights and duties of users of the network, its operators and owners, technical services provided by reserving capacity, operational systems, gas measurements, maintaining the financial and commercial balance of the network and the emergency plan so as to achieve the safe operation of the national gas network which is the most important transportation artery Gas.