OGRA reduces RLNG prices

Rates cut by around $3 for Dec compared to previous month

ISLAMABAD:

The Oil and Gas Regulatory Authority (Ogra) on Wednesday reduced the price of re-gasified liquefied natural gas (RLNG) by around $3 per million British thermal units (mmbtu) for December 2021.

According to a notification issued by Ogra, the new price of RLNG for December will be $12.3769 per mmbtu for the consumers of Sui Northern Gas Pipelines Limited (SNGPL) – serving Punjab, Islamabad, Khyber-Pakhtunkhwa (K-P) and some parts of Kashmir and Gilgit-Baltistan.

For the consumers of Sui Southern Gas Company Limited (SSGC) – serving Sindh and Balochistan, the price of RLNG was calculated at $12.6238 per mmbtu, it was learnt.

The decrease in RLNG prices for December is $2.8743 per mmbtu for transmission and $3.0553 per mmbtu for distribution network of SNGPL and $2.8605 per mmbtu for transmission and $4.0490 per mmbtu for distribution system of SSGC.

In November, the price of RLNG for SNGPL was $15.6791 per mmbtu and for SSGC consumers it was $15.4259 per mmbtu.

The tariff for December was based on 10 LNG cargoes. Eight cargoes were being imported by Pakistan State Oil (PSO) under long-term agreements and two cargoes were being purchased on a spot basis by Pakistan LNG Limited (PLL), the notification said.

Published in The Express Tribune, December 9^th, 2021.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.