OGRA reduces RLNG prices for September
Slashes rates by 8.52% for SNGPL and 8.8% for SSGC consumers
PHOTO: REUTERS
ISLAMABAD:
The government on Friday slashed the prices of Re-gasified Liquefied Natural Gas (RLNG) for the month of September by 8.52% for Sui Northern Gas Pipelines Limited (SNGPL) and 8.8% for Sui Southern Gas Company (SSGC) compare to the previous month.
According to a notification issued by the Oil and Gas Regulatory Authority (Ogra), the regulator has set new prices at $10.0751 per mmbtu for the consumers of SNGPL and $10.0457 per mmbtu for SSGC. In August, the RLNG price for SNGPL was $11.0133 per mmbtu and $11.0153 per mmbtu for SSGC.
These prices also include charges of the LNG terminals, transmission losses, port charges, and margins of the importers ie Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL).
The new weighted average sale prices of RLNG have been computed based on the 11 cargoes imported during the month out of which, six cargoes were imported by PSO and five by Pakistan LNG Limited (PLL). LNG is an imported product and pegged with the international oil prices hence with the decrease in global oil prices, oil price in Pakistan was also reduced.
Published in The Express Tribune, September 7th, 2019.
The government on Friday slashed the prices of Re-gasified Liquefied Natural Gas (RLNG) for the month of September by 8.52% for Sui Northern Gas Pipelines Limited (SNGPL) and 8.8% for Sui Southern Gas Company (SSGC) compare to the previous month.
According to a notification issued by the Oil and Gas Regulatory Authority (Ogra), the regulator has set new prices at $10.0751 per mmbtu for the consumers of SNGPL and $10.0457 per mmbtu for SSGC. In August, the RLNG price for SNGPL was $11.0133 per mmbtu and $11.0153 per mmbtu for SSGC.
These prices also include charges of the LNG terminals, transmission losses, port charges, and margins of the importers ie Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL).
The new weighted average sale prices of RLNG have been computed based on the 11 cargoes imported during the month out of which, six cargoes were imported by PSO and five by Pakistan LNG Limited (PLL). LNG is an imported product and pegged with the international oil prices hence with the decrease in global oil prices, oil price in Pakistan was also reduced.
Published in The Express Tribune, September 7th, 2019.