ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Monday announced a little reduction in imported LNG prices for the consumers of both gas companies - the Sui Northern Gas Pipeline Limited (SNGPL) and the Sui Southern Gas Company (SSGC) for February.

Based on eight LNG cargoes imported by Pakistan State Oil (PSO) under long-term LNG contracts with Qatar Petroleum as Eni delivery of a LNG cargo to Pakistan LNG Limited that was scheduled for February was disrupted due to an event of force majeure.

The new price for the consumers of the SNGPL has been set $ 13.7046 per mmbtu which is lower by $ 0.6143 per mmbtu as compared with the previous month of January 2023 which was $ 14.3188 per mmbtu.

Likewise, the LNG price for the SSGC supply has been calculated at $ 13.9522 which is down by $ 0.5635 per mmbtu as compared with January 2023 price of $ 13.9522.

The average DEC price is worked out at $ 10.4640 per mmbtu. The UFG has been incorporated on provisional basis at 0.38 percent in respect of transmission and at 7.86 percent in respect of transmission and distribution as per the SNGPL claim in respect of the review of estimated revenue requirement financial year 2021-22.

Copyright Business Recorder, 2023