LNG prices raised up to 2.6% for March

ISLAMABAD:

The Oil and Gas Regulatory Authority on Wednesday increased the tariff on imported liquefied natural gas up to 2.6% per million British thermal units for the two public gas utilities, namely Sui Northern Gas Pipelines Limited and Sui Southern Gas Company with retrospective effect from March 1, 2024.

In a statement, the regulator said that the increase in monthly re-gasified LNG rates was due to the rise in its cost of supply. Ogra has notified both transmission and distribution prices for the two gas companies. The SNGPL price has been raised by 2.58% per mmBtu on a month-on-month basis for the end-consumers on its network. Ogra has fixed the price at $12.8142 per mmBtu for supplies in March. The price was marginally higher by $0.3220 per mmBtu from February 2024, when the rate was $12.4922.

Similarly, the RLNG price for SSGC has been raised by 0.76% per mmBtu. Now, end-consumers will pay $13.0563 per mmBtu for March, higher by $0.0979 than the price of $12.9584 per mmBtu in the previous month.

Published in The Express Tribune, March 21^st, 2024.

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