The Saudi government issued on Thursday the implementing regulations and service provision guide for the law on the distribution of dry gas and liquified petroleum gas (LPG) for residential and commercial purposes.
The Ministry of Energy said in a statement that the regulations classify the law activities and licenses, including the transportation of LPG from its sources to LPG facilities or an independent gas distribution network.
The regulations cover the establishment, development, operation or maintenance of liquid petroleum gas filling and storage facilities, wholesale distribution of liquid petroleum gas, and retail sale of cylinders, as well as the conditions for granting licenses, which will be offered for bidding by inviting a number of those who meet such conditions.
According to the statement, the move falls within the framework of the ministry’s endeavor to achieve the objectives of the dry gas and LPG distribution law for residential and commercial purposes, seeking to encourage competition, upgrading the services level, achieving supply security, enhancing the licensees’ efficiency and raising the level of standards applied in this vital service.
One of the objectives sought by the Ministry is to localize the technology and protect the interests of the beneficiaries, by activating the law’s service provision guide, which defines the obligations of licensees, consumer rights and complaints handling policy.
According to the statement, the ministry aims to encourage investment in various LPG distribution activities, in order to ensure the achievement of the public interest and the Kingdom’s development goals, by creating a competitive environment that accomplishes a feasible economic return and contributes to the implementation of Vision 2030.
Meanwhile, Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz co-chaired on Wednesday a round table meeting organized by the German Ministry of Energy, in cooperation with the German Ministry of Economy and Climate Action.
The meeting was attended by representatives from the Saudi Public Investment Fund, the Federal Minister for Economic Affairs and Climate Action, Robert Habeck, and a number of major German energy companies.
Topics discussed at the meeting included cooperation in the fields of electricity, clean energy, hydrogen, and emissions management through carbon capture, utilization, recycling and storage projects, within the circular carbon economy approach.
On Wednesday, Prince Abdulaziz bin Salman met with German Chancellor Olaf Scholz and several government officials.
