Regasified Liquefied Natural Gas | Pakistan

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has notified an around 15pc increase in the price of Regasified Liquefied Natural Gas (RLNG) for sales at the distribution stage by the two Sui gas companies for the current month, mainly because of purchases from the international spot market at short notice amid supply disruptions caused by the US-Iran war. The latest price notification places the RLNG price for June 15pc higher than in May, almost 56pc higher than in March, and 73pc higher than in February. This has mainly resulted in a substantial increase in fuel costs for power generation, which is evident from the fact that the fuel cost for RLNG-based power generation in May worked out to Rs31 per unit, compared with Rs13.72 per unit in April. Karachi-based Sui Southern Gas Company Limited (SSGCL) serves consumers in Sindh and Balochistan, and its distribution-stage system losses stand at 12.55pc, compared with about 10.6pc a couple of months earlier. On the other hand, Lahore-based Sui Northern G...