OGRA revises LNG prices for July 2023

Islamabad: The Oil and Gas Regulatory Authority (OGRA) revised the prices of LNG for the month of July on Tuesday.

The cost of distributing LNG is higher for Sui Southern Gas Company whereas it is lower for Sui Northern Gas Company.

While LNG prices in Sindh and Balochistan are raised by $0.19 per mmbtu, LNG prices in Punjab and Khyber Pakhtunkhwa are decreased by $0.06 per mmbtu.

The price of LNG for Sui Northern Gas Company was set at $12.64 per mmbtu, while the price of LNG for Sui Southern Gas Company was set at $13.13 per mmbtu.

LNG price notifications for July were released by the Ogra.

Earlier, the price has been worked out based on10 cargoes of LNG. Pakistan State Oil (PSO) imported nine cargoes and Pakistan LNG Limited (PLL) one cargo. The average DES price of PSO of nine cargoes was determined $ 10.9679 per mmbtu and PLL imported single cargo at $ 10.75 per mmbtu.

As compared with December 2022 prices, 1.02 percent decline in prices for the SNGPL system and 2.22 percent for the SSGC’s consumer has been recorded for the current month. $0.14780 per mmbtu decline for SNGPL and $0.32973 per mmbtu decline for the SSGC.