ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has notified an increase of up to 2.63 per cent in the prices of Regasified Liquefied Natural Gas (RLNG) for September, applicable at the transmission stage for both Sui gas companies.
For Sui Northern Gas Pipelines Ltd (SNGPL), which supplies Punjab and Khyber Pakhtunkhwa, the RLNG price at the transmission stage rose by 2.36pc to $11.24 per million British thermal units (mmBtu), up from $10.98 in August. At the distribution stage, the price climbed 2.38pc to $12.01 per mmBtu against $11.73 last month, with reported system losses of 7.47pc.
Karachi-based Sui Southern Gas Company Ltd (SSGCL), serving Sindh and Balochistan, saw its transmission-stage RLNG price increase by 2.62pc to $9.86 per mmBtu, compared to $9.61 in August. At the distribution stage, the rate went up 2.63pc to $11.01 per mmBtu from $10.73 last month, with system losses of 10.6pc.
According to Ogra, the adjustment was driven by an increase in the delivered ex-ship (DES) price for September. The basket RLNG price was calculated on the basis of eight cargoes imported by Pakistan State Oil (PSO) under long-term contracts with Qatar Gas — four at $9.20 and four at $7.02 per mmBtu — averaging $8.11 per mmBtu. Pakistan LNG Limited (PLL) did not import any cargo for the month due to subdued demand.
