RLNG slashed by over 8% for SNGPL, SSGC

MG News | July 31, 2024 at 06:08 PM GMT+05:00

0:00

May 27, 2024 (MLN): Regassified Liquefied Natural Gas (RLNG) prices for July 2024 have been slashed by up to 8.44% for Sui Northern Gas Pipelines Limited (SNGPL) and 8.5% for Sui Southern Gas Company Limited (SSGC) respectively.

As per the latest update by Oil and Gas Regulatory Authority (OGRA), the new prices for SNGPL for transmission and distribution are $12.6862/MMBtu and $13.3902/MMBtu, respectively for July.

In comparison with the prices of June 2024, the overall decrease in terms of amount for SNGPL transmission is $0.8916/MMBtu, while for distribution it stands at $1.2347/MMBtu.

Furthermore, the updated prices for SSGC are $11.5281/MMBtu for transmission and $13.1567/MMBtu for distribution purpose.

Compared to the prices in June 2024, there has been an overall drop of $0.8209/MMBtu for SSGC transmission and $1.2226/MMBtu for distribution.

The decision to reduce prices is is mainly due to decrease in DES price and in accordance with the Policy Guidelines of the Federal Government.

Weighted Average RLNG Prices
SNGPL
	July	June	% change	change
Transmission	12.6862	13.5778	-6.57%	-0.8916
Distribution	13.3902	14.6249	-8.44%	-1.2347
SSGC
	July	June	% change	change
Transmission	11.5281	12.3491	-6.65%	-0.8209
Distribution	13.1567	14.3793	-8.50%	-1.2226

Value in $ per MMBtu

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