ISLAMABAD - The federal government Monday jacked up the price of re-liquified natural gas (LNG) by 4.08 percent or 0.5812 per million British thermal units (mmBtu) for the consumers of Sui Northern Gas Pipelines Limited (SNGPL). However, for the consumers of Sui Southern Gas Company Limited (SSGC), the price has been reduced by 1.06 percent for April 2025.
As per the notification, issued by Oil and Gas Regulatory Authority, the RLNG price for the consumers of SNGPL has been increased by $0.5812 per million British thermal units (mmBtu) (4.08 percent), while for SSGC it was reduced by $0.1345/mmBtu (1.06 percent). The new weighted average sale price for SNGPL consumers stands at $13.4789/mmBtu, up from $12.9499 in March 2025. While, for the SSGC consumers it was reduced to $12.591 per mmBtu, down from $12.7255 mmBtu during the previous month.
OGRA attributed the decrease for SNGPL consumers to a reduction in price differentials, while the slight hike for SSGC consumers was linked to an increase in delivered ex-ship prices. According Ogra, the increase in RLNG prices is due to increase in DES price. However, the distribution RLNG price of (SSGC) has been decreased due to the reduction in SSGC’s (UFG) percentage for distribution.
The revised prices for RLNG include several elements, such as charges for LNG terminals, transmission losses, port charges, and margins for state-owned importers, namely Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL). These prices were determined based on the import of eight cargoes by PSO, while no cargo was imported by PLL. Under two long-term contracts with Qatar, PSO is procuring LNG at 13.37 percent of Brent and 10.20 percent of Brent, respectively. Six cargoes were procured at a slope of 13.37 percent of Brent, while two at 10.2 percent. Since LNG is pegged to price of crude oil, gas prices also fluctuate with changes in crude oil prices.
