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Order No. (3) 2015 for adjustment of natural gas price

Order comprised the following: ​


Article I 

Unify sale of natural gas to all existing and new consumers in the local market with price set to US$ 2.5 per million BTUs as on April 1, 2015.


Article II

Increase sale price of natural gas to all consumers gradually at a rate of 25 cents per million BTUs annually from April 1, 2016 until April 1, 2021 and increase further up to $ 4 per million BTUs from April 1, 2021, in the following manner: 

(A) US$ 2.75 per million BTU as of April 1, 2016 

(B) US$ 3.00 per million BTU as of April 1, 2017 

(C) US$ 3.25 per million BTU as of April 1, 2018 

(D) US$ 3.50 per million BTU as of April 1, 2019 

(E) US$ 3.75 per million BTU as of April 1, 2020 

(F) US$ 4.00 per million BTU as of April 1, 2021


Article III 

Continue implementation of contractual obligations of deals established before the issuance of the decision in accordance with the provisions contained therein. 


Article IV 

The implementation of the resolution - by the respective stakeholders - shall take effect from April 1, 2015, and as published in the Official Gazette.​

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