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FinancialNews
02-01-20
NEPCO: new supply of natural gas by U.S.-based Noble Energy Inc. starts
(MENAFN) The experimental supply of natural gas by U.S.-based Noble Energy Inc. has begun on Wednesday, according to National Electric Power Company (NEPCO).
As said by NEPCO, the new pumping will test the infrastructure prior to the actual commercial supply and it will last 3 months.
The gas supply is in line with a deal signed among both companies in 2016.
Noble Energy will offer gas value 15 billion dollars to the Kingdom for a period of 15 years, or 300 million cubic feet every day, as said in the agreement.
MENAFN0201202000450000ID1099497574
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