Gas prices are poised to rise by as much as 220% in 2022
Companies such as steel producer ArcelorMittal SA, mining group South32 and industrial users including Consol Glass and Nampak face a more than threefold rise in natural gas prices in July.
As a result, the National Energy Regulator of SA is being taken to court by industry body the Industrial Gas Users-SA over the methodology used to set gas prices, which are poised to rise by as much as 220% this year...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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