Ogra cuts RLNG prices by 20pc owing to cheaper Qatar cargoes
https://www.dawn.com/news/2032466
Islamabad: The Oil and Gas Regulatory Authority (Ogra) has lowered the price of regasified liquefied natural gas (RLNG) by 20 percent for the current month, primarily due to receiving two cheaper shipments from Qatar. The September RLNG price saw a significant drop compared to August and July, when five expensive cargoes were purchased from the international spot market due to the US-Iran war-induced supply disruption. This reduction in price aims to lower fuel costs for power generation.
Sui Southern Gas Company Ltd (SSGCL) serves the Sindh and Balochistan regions, while SNGPL provides gas to consumers in Punjab and Khyber Pakhtunkhwa. Both companies reported system losses at the distribution stage, with SSGCL at 12.55 percent and SNGPL at 9 percent. Despite the cheaper Qatar cargoes, the end-RLNG price remains higher due to expensive cost additions in the supply chain.
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