Islamabad: The Oil and Gas Regulatory Authority (OGRA) has announced an increase of up to 2.63 percent in Regasified Liquefied Natural Gas (RLNG) prices for September. The hike applies at the transmission stage for the two Sui gas companies.
For Sui Northern Gas Pipelines Ltd (SNGPL), which supplies gas to Punjab and Khyber Pakhtunkhwa, the transmission-stage price rose by 2.36 percent to $11.24 per million British thermal units (mmBtu), up from $10.98 in August.
At the distribution stage, the price increased by 2.38 percent to $12.01 per mmBtu, compared to $11.73 last month. SNGPL’s system losses at the distribution level are reported at 7.47 percent.
Meanwhile, Sui Southern Gas Company Ltd (SSGCL), supplying Sindh and Balochistan, saw its transmission-stage RLNG price rise by 2.62 percent to $9.86 per mmBtu, up from $9.61 in August.
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The distribution-stage price increased by 2.63 percent to $11.01 per mmBtu, compared to $10.73 last month. SSGCL’s distribution-level system losses stand at 10.6 percent.
OGRA said the price increase is due to a rise in the delivered ex-ship (DES) price for September. The basket RLNG price for the month is based on eight cargoes imported by PSO under long-term contracts with Qatar Gas, averaging $8.11 per mmBtu.
Pakistan LNG Ltd (PLL) did not import any cargo in September, continuing its deferral due to low demand.
