RLNG prices for SNGPL, SSGC dropped by $0.20/mmbtu: OGRA

MG News | April 13, 2022 at 12:38 PM GMT+05:00

0:00

April 13, 2022 (MLN): The Oil and Gas Regulatory Authority (OGRA) has declined the price of Re-gasified Liquefied Natural Gas (RLNG) price for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) for April 2022 by $0.20/mmbtu to $15.62/mmbtu and $16.91/mmbtu, respectively.

A total of eight RLNG cargoes were received out of which seven were received from Pakistan State Oil (PSO) while Pakistan LNG Limited (PLL) has imported only one LNG cargo, as per the notification issued by OGRA on Monday.

The authority also computed the total weighted average sale price of RLNG without GST for both gas utilities for the month of April on a total of eight cargoes as per which the weighted average sale price for SNGPL stood at $14.36/mmbtu.

Meanwhile, the total weighted average sale price of RLNG without GST for SSGC is estimated at $14.02/mmbtu.

This reduction in price will likely reduce the cost of power generation from the imported RLNG which may ease off prices for the customers of two gas utilities.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	71,480.00 69,440.00	-205.00 -0.29%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	98.75 92.47	2.54 2.66%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%