Pakistan cuts imported LNG prices by up to 5.9% for December
OGRA lowers RLNG rates for Sui Northern and Sui Southern as procurement costs ease
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Pakistan’s oil and gas regulator on Monday announced a reduction of up to 5.9% in the price of imported liquefied natural gas for December, easing costs for the country’s two state-run gas utilities.
The Oil and Gas Regulatory Authority said the revised prices for re-gasified liquefied natural gas, or RLNG, will take effect from Dec. 1 under federal government policy guidelines. The cuts apply to both Sui Northern Gas Pipelines Limited and Sui Southern Gas Company Limited, covering transmission and distribution categories.
According to Ogra’s notification, Sui Northern’s RLNG transmission price was reduced to $10.9186 per million British thermal units in December from $11.4305 in November, a decline of about 4.5%. Its distribution price fell 4.6% to $11.8280 per mmbtu from $12.3996.
For Sui Southern, the regulator also approved downward revisions. The utility’s transmission price was cut to $9.4741 per mmbtu from $10.0652, a reduction of nearly 5.9%, while its distribution price declined 5.9% to $10.7767 per mmbtu from $11.4520.
Ogra said the reduction reflects lower RLNG procurement costs in December. The authority issues monthly RLNG price determinations for gas utilities based on changes in international prices and other cost components.
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