3 Days
Source:
الاقتصادية
Natural Gas Distribution secures Al Kharj license
The Natural Gas Distribution Company has obtained a license to establish and operate a natural gas distribution network in the industrial city of Al-Kharj. This initiative is part of the Ministry of Energy's efforts to expand infrastructure in the gas sector and encourage investments, aiming to support the liquefied fuel displacement program and replace it with natural gas, in line with the goals of Vision 2030. The move is also aimed at enhancing the competitive environment and enabling more beneficiaries to access gas services, while boosting economic and environmental returns. The company was founded in 2000 with a capital of 15 million Riyals, and later transformed into a joint-stock company with a capital of 50 million Riyals. It purchases gas from Saudi Aramco and distributes it to factories in the second industrial city of Riyadh, with plans to expand its activities to include the gas distribution network in Al-Kharj.
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