OGRA cuts September RLNG prices by up to 21.6%

Pakistan’s Oil and Gas Regulatory Authority (OGRA) has cut September RLNG transmission and distribution prices by about 20% month-on-month for SNGPL and SSGC after two lower-cost Qatar cargoes reduced the monthly LNG input cost. The cut comes as Pakistan continues to face gas shortages following months of disruption to contracted LNG supplies.

Why did Pakistan's RLNG prices fall in September?

September prices fell because the monthly calculation was based on two lower-cost cargoes imported by PSO under Pakistan’s long-term Qatar agreement. Both were priced at 13.37% of Brent crude, reducing the LNG input cost compared with recent months when Pakistan relied more heavily on expensive spot-market purchases.

OGRA set September RLNG prices for the two Sui gas companies between USD 12.6112 and USD 15.1963 per MMBtu.

For Sui Northern Gas Pipelines Ltd., the transmission price was set at USD 13.9927 per MMBtu, down USD 3.4952, or 19.99%, from August. Its distribution price fell to USD 15.1963 per MMBtu, a decline of USD 3.8313, or 20.14%.

For Sui Southern Gas Co., the transmission price dropped to USD 12.6112 per MMBtu, down USD 3.4612, or 21.53%, from August. Its distribution price fell to USD 14.2233 per MMBtu, a decline of USD 3.9112, or 21.57%.

The lower prices come despite continuing gas shortages and load-shedding in several parts of the country.

How has Pakistan's LNG supply changed since March?

Pakistan received only two Qatar LNG cargoes in September, compared with eight in September 2025, after months of disruption to supplies under its long-term agreements.

From March through September 2026, Pakistan received 11 cargoes under the Qatar arrangement and procured another seven from the international spot market. The disruption forced the country to rely more heavily on spot purchases, which were considerably more expensive than its contracted supplies.

During the same seven-month period in 2025, Pakistan imported 64 Qatar-linked cargoes. OGRA’s monthly calculations for March through September 2025 show PSO cargo counts of eight, eight, 10, 10, 10, 10 and eight, respectively.

The September cargoes therefore provided some relief on RLNG prices without restoring LNG availability to the levels seen before the regional supply disruption.