ISLAMABAD: The federal government on Wednesday notified an increase in the prices of re-gasified liquefied natural gas (RLNG) by 6.3 percent for the consumers of the Sui Southern Gas Company (SSGC) and 5.6 percent for the consumers of the Sui Northern Gas Company (SNGPL) for the month of July.

As per the notification issued by the Oil and Gas Regulatory Authority (OGRA), the RLNG prices were decreased for the consumers of both the state-owned gas distribution companies for the month of June.

According the notification, the price of RLNG was increased by $0.4984 per mmbtu or 6.3 percent for the consumers of the SSGC and $0.3466 per mmbtu or 5.6 percent for the consumers of the SNGPL.

The price of RLNG for the SSGC at $6.6700 per mmbtu for the ongoing month, while for the SNGPL the price would be 6.4750 per mmbtu, said the notification.

With the increase in RLNG prices, it would increase power generation cost from this source, as this imported gas is the second largest contributor in national energy mix.

The new notified prices of the RLNG also include charges of the LNG terminals, transmission losses, port charges, and margins of the importers i.e. the Pakistan State Oil (PSO) and the Pakistan LNG Limited (PLL).

A total of nine cargoes have been imported for the month.

The PSO has imported six cargos, while Pakistan LNG Limited (PLL) has imported three cargos.

Copyright Business Recorder, 2020