Arab News, Tuesday, Sep 13, 2022 | Safar 17, 1444
KSA’s Natural Gas signs MoU with Egypt’s TAQA Arabia to develop gas transportation
Saudi Arabia:
Saudi Arabia’s Natural Gas Distribution Co.
has signed a memorandum of understanding with Egypt’s TAQA Arabia to explore
ways to develop and operate gas transportation services.
The MoU supports Natural Gas’ plan to expand and
boost its profits, according to a bourse filing.
The natural gas producer signed the one-year
agreement with the aim of collaborating more effectively and gaining practical
experience in the energy and gas sectors, it said.
TAQA Arabia is one of the largest natural gas
distribution companies in Egypt.