OGRA hikes regasified liquefied natural gas prices by up to 15.3% for October

The Oil and Gas Regulatory Authority (OGRA) has raised the prices of regasified liquefied natural gas (RLNG) by as much as 15.3% for the month of October.

These new rates follow a 20% decrease in RLNG prices that occurred during September. The Oil and Gas Regulatory Authority (OGRA) stated that the price hike is primarily due to the rise in international crude oil prices. Higher costs are projected to impact the expenses of power generation in December.

In September, the cost of generating electricity from RLNG stood at Rs40 per unit. The average import price for LNG was $10.06 per mmBtu in September, whereas it rose to $10.75 per mmBtu in October. Data shows the average delivered ex-ship (DES) price for two cargoes of LNG was $10.06 in September, $12.12 in August, and $18.96 in July.

For October, the average delivered ex-ship (DES) price of LNG from two cargoes reached $10.75 per mmBtu. The Oil and Gas Regulatory Authority (OGRA) reported that the RLNG sale price for Sui Northern Gas Pipelines Limited (SNGPL) rose by 13.9% at the transmission stage in October.

Sui Northern Gas Pipelines Limited (SNGPL) saw its RLNG sale price reach $15.94 per mmBtu in October, up from $13.99 in September, according to the Oil and Gas Regulatory Authority (OGRA). The Oil and Gas Regulatory Authority (OGRA) noted that the RLNG sale price for Sui Northern Gas Pipelines Limited (SNGPL) increased by 14% at the distribution stage in October.

Sui Northern Gas Pipelines Limited (SNGPL) reached an RLNG sale price of $17.33 per mmBtu in October, compared to $15.196 per mmBtu in September, as reported by the Oil and Gas Regulatory Authority (OGRA). The Oil and Gas Regulatory Authority (OGRA) confirmed that the RLNG transmission price for Sui Southern Gas Company Limited (SSGCL) rose by 15.25% in October.

Sui Southern Gas Company Limited (SSGCL) saw its RLNG transmission price hit $14.53 per mmBtu in October, rising from $12.611 per mmBtu in September, according to the Oil and Gas Regulatory Authority (OGRA). The Oil and Gas Regulatory Authority (OGRA) stated that the RLNG distribution-stage price for Sui Southern Gas Company Limited (SSGCL) climbed by 15.27% in October.

Sui Southern Gas Company Limited (SSGCL) reached a distribution-stage price of $16.396 per mmBtu in October, up from $14.22 in September, according to the Oil and Gas Regulatory Authority (OGRA). Sui Southern Gas Company Limited (SSGCL) provides gas to consumers in Sindh and Balochistan.

Distribution system losses for Sui Southern Gas Company Limited (SSGCL) currently stand at 12.55%, compared to approximately 10.6% last year. Sui Northern Gas Pipelines Limited (SNGPL) serves consumers in Punjab and Khyber Pakhtunkhwa. Distribution losses for Sui Northern Gas Pipelines Limited (SNGPL) were reported at nearly 9%, while they were 7.47% in October last year.

The distribution-stage price for Sui Southern Gas Company Limited (SSGCL) is $5.65 higher than the average import price. The distribution-stage price for Sui Northern Gas Pipelines Limited (SNGPL) is $6.58 higher than the average import price. Margins for other services and retainage account for 3.77% of the delivered ex-ship price.