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English Español Egypt won’t license new vehicles not running on natural gas

The proposed regulation will apply to any car, whether it is a minibus, private vehicle or a taxi.



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Author: PetrolPlaza Correspondent Pablo Plaza

Egypt will not issue licenses to any new cars unless they run on natural gas, Egyptian President Abdel Fattah al-Sisi announced during the opening of a number of national projects last week. The decision will apply to any car, whether it is a minibus, private vehicle or a taxi.

The proposed regulation would help to preserve the environment, the natural resources of the state, and the lives of citizens, according to the Government of Egypt.

President al-Sisi stressed during the opening that switching to natural gas will help relieve the burden placed on citizens due to high gasoline prices by reducing fuel bills by half. “Whoever has a 25-year-old car, it costs them a lot of money, whether in repairs or in fuel,” said al-Sisi.

In order to facilitate gas conversion in Egypt, owners of cars powered by natural gas will receive state grants to buy a car at the lowest possible cost. President al-Sisi and Egypt Minister of Industry and Trade, Nevine Gamea, also urged banks to provide lower interest financing for up to five years to help customers cover the expenses of switching to natural gas.

A basic requirement for being eligible for state’s aid to convert to natural gas is that the vehicle be manufactured locally and be equipped to operate using gas, Gamea pointed out.

Converting 1 million vehicles in Egypt to natural gas will cost a total of about $500.3 million, Al-Sisi said.

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