Con­sul­tant Busi­ness Ed­i­tor

The whol­ly state-owned Na­tion­al Gas Com­pa­ny (NGC) has of­fi­cial­ly in­formed lo­cal man­u­fac­tur­ers that use nat­ur­al gas that the price of the com­mod­i­ty will be in­creased by be­tween 60 and 70 per cent by the end of Jan­u­ary.

The de­ci­sion by the NGC to in­crease the cost of nat­ur­al gas to man­u­fac­tur­ers comes as NGC is seek­ing to rene­go­ti­ate many of the gas con­tracts of petro­chem­i­cal com­pa­nies on the Point Lisas In­dus­tri­al Es­tate and the Union In­dus­tri­al Es­tate in La Brea that ex­pired at the end of last year.