The Egyptian Natural Gas Holding Company (EGAS), Shell, and BP have signed an agreement to modify gas prices at El-Borg marine concession area in the Mediterranean Sea, through a price index formula linked to the global price of crude barrel, with a maximum price of about $5.88 per million British thermal units (MMBtu). [Read more…] about Egypt agrees price indexing of Mediterranean’s El-Borg concession capped at $5.88/MMBtu