RLNG prices raised by up to 2.75% for March

MG News | March 20, 2024 at 02:27 PM GMT+05:00

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January 18, 2024 (MLN): Regassified Liquefied Natural Gas (RLNG) prices for March 2024 have been raised by up to 2.75% and 0.8% for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) respectively, as per the Oil and Gas Regulatory Authority (OGRA)'s notification issued on Wednesday.

As per the latest update, the new prices for SNGPL in March for transmission and distribution are $11.86/MMBtu and $12.81/MMBtu, respectively.

In comparison with the prices of February 2024, the overall increase in terms of amount for SNGPL transmission is $0.317/MMBtu, while for distribution it stands at $0.322/MMBtu.

Furthermore, the updated prices for SSGC are $11.215/MMBtu and $13.056/MMBtu respectively for distribution and transmission purposes.

Compared to the prices in February 2024, there has been an overall increase of approximately $0.088/MMBtu for SSGC transmission and $0.0979/MMBtu for distribution.

The decision to reduce prices is in accordance with the policy guidelines of the federal government.

Weighted Average RLNG Prices
SSGC
	March	February	% change	change
Transmission	11.2147	11.1259	0.80%	0.0888
Distribution	13.0563	12.9584	0.76%	0.0979
SNGPL
	March	February	% change	change
Transmission	11.8643	11.547	2.75%	0.3173
Distribution	12.8142	12.4922	2.58%	0.322

Value in $ per MMBtu

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