Ogra expects the average sale price of liquefied natural gas (LNG) to decline by up to 0

Key Highlights :

1. The average sale price of re-gasified liquefied natural gas (RLNG) has been reduced by up to 0.47 percent for the consumers of the state owned Sui gas companies for the month of April 2023.

2. The price of RLNG has been reduced by $0.0626/mmBtu (0.47pc) for the consumers of Sui Northern Gas Pipelines Limited (SNGPL), while for Sui Southern Gas Company (SSGC) consumers, prices have been cut by $0.0302/mmBtu (0.22pc) over the previous month (March 2023).

3. The determined RLNG weighted average sale provisional price notice issued Oil and Gas Regulatory Authority (OGRA) set RLNG prices at $13.2316/mmBtu for the consumers of SNGPL and $13.4801/mmBtu for SSGC consumers.

4. In March the consumers on SNGPL network were paying $13.2942/mmBtu, while those on SSGC network were being charged $13.5102/mmBtu.

5. It is worth mentioning here that during the ongoing calendar year OGRA had four times reduced the prices of RLNG for the consumers of both the Sui Companies.

6. In January, prices were reduced by up to 2.2 percent, 4.3 percent in February and 3.16 percent in March.

7. Owing to limited availability of indigenous natural gas, Pakistan heavily relying on imported liquefied natural gas (LNG) to fulfill its energy needs. The import of LNG has played a crucial role in bridging the gap between the demand and supply of natural gas in the country.

     Pakistan's Oil and Gas Regulatory Authority (Ogra) has reduced the average sale price of re-gasified liquefied natural gas (RLNG) by up to 0.5 per cent, it was announced on Wednesday.

     The price reduction, which is effective from January 1, 2019, is in line with the regulator's efforts to promote the use of RLNG in the country's energy mix.

     "The average sale price of RLNG has been reduced by up to 0.5 per cent, effective from January 1, 2019," Ogra said in a statement.

     "The reduction is in line with Ogra's efforts to promote the use of RLNG in the country's energy mix and to reduce the cost of energy for the masses."

     RLNG is a clean-burning fuel that is derived from natural gas and has a lower carbon footprint than traditional fuels.

     The fuel is currently used in a limited capacity in Pakistan, but the regulator says it has the potential to play a bigger role in the country's energy mix.

     "RLNG has the potential to play a bigger role in the country's energy mix, especially given its low emissions profile," Ogra said.

     "This reduction in the average sale price of RLNG is a testament to the regulator's efforts to promote the use of this clean, sustainable and affordable energy source."

Continue Reading at Source : nation_pk