Platts
Metrogas cuts gas tariffs as Chile questions profits
Santiago, Chile (Platts)–
Metrogas, Chile’s largest distributor of natural gas plans to cut its tariffs by as much as 15%, as the government accused the firm of exceeding permitted profit limits, the company said Monday.
Metrogas will reduce gas tariffs by 15% for 350,000 households, or 60% of its clients, from December 1, the company said in a statement.
The remainder will see tariffs fall by 4%-10%.
The move comes just days after Spain’s Natural Gas Fenosa took control of the board at Metrogas, following its successful takeover of parent company CGE.