RLNG slashed by over 8% for SNGPL, SSGC
MG News | July 31, 2024 at 06:08 PM GMT+05:00
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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