Government Increases LNG Prices

Pakistan jacks up LNG prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday notified an increase in the prices of liquefied natural gas (LNG), ARY News reported.

According to a notification, OGRA has raised the prices of imported re-gasified liquefied natural gas (LNG) for both gas companies, Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) for the remainder of October.

For SNGPL, the price of liquefied gas has been raised by $0.15 per mmbtu, while for SSGC consumers, the rate has been increased by $0.16 per mmbtu.

As per the notification, the new LNG price for SNGPL has been set at $13.49 per unit, while the prices for SSGC have been set at $14.03 per MMBTU.

Last month, Pakistan signed a framework agreement with Azerbaijan for Liquified Natural Gas (LNG) procurement on flexible terms.

The agreement, witnessed by the then-Prime Minister Shehbaz Sharif, was signed between Pakistan LNG Limited and Azeri Company SOCAR in Lahore.

Shehbaz Sharif stated that the agreement has a tenure of one year, which can be extended for another year.

The Oil and Gas Regulatory Authority (OGRA) has increased the prices of imported liquefied natural gas (LNG) for Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) for the rest of October. The price for SNGPL has gone up by $0.15 per mmbtu and for SSGC consumers by $0.16 per mmbtu. The new LNG prices are now $13.49 per unit for SNGPL and $14.03 per MMBTU for SSGC. Pakistan recently signed a one-year framework agreement with Azerbaijan for LNG procurement.

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