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.
