NGDC gets notice of gas service tariff change from Energy Ministry

20/03/2024 Argaam
Logo ofNatural Gas Distribution Co.

Logo of Natural Gas Distribution Co.

Natural Gas Distribution Co. received a notice from the Ministry of Energy today, March 20, on the 4.58% increase in the service tariff for natural gas to SAR 1.20 per million British thermal units (Btu), effective from the date of publication of the decision in the Official Gazette.

 

In a Tadawul filing, the company explained that this amendment will have a positive financial impact on increasing the company’s earnings during the coming period.

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