Minister of Petroleum and Mineral Resources Tarek el Molla on Tuesday said Egypt would achieve self-sufficiency of liquefied natural gas by the end of 2018.
Addressing a meeting of the Industry Committee of the House of Representatives, Molla added that the price of gas allocated for industries may be reduced after achieving self-sufficiency.
The ministry works to create an integrated and interrelated investment system to encourage global investment, the minister said.
Meanwhile, the minister said the strategic goal of hos ministry is to increase the country’s gold balance as a strategic reserve at the Central Bank of Egypt, he added. (MENA)
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