RLNG prices increased amid record system losses

With system losses going up to a record 14.4 per cent, the Oil and Gas Regulatory Authority (Ogra) on Tuesday notified about 3pc increase in the sale price of Regasified Liquified Natural Gas (RLNG) for two Sui gas companies effective from Sept 1 owing to higher international prices. The RLNG’s sale price for Lahore-based Sui Northern Gas Pipelines Ltd (SNGPL) has been increased by 2.76pc to $11.86 per million British thermal unit (mmBtu) at the transmission stage and 2.79pc at the distribution stage to $12.84 per mmBtu. Likewise, the price for Karachi-based Sui Southern Gas Company Ltd (SSGCL) has been jacked up by 3.07pc to $11.47 per mmBtu at the transmission stage and 3.08pc to $13.36 per mmBtu at the distribution stage. The prices have been revised for September in comparison with August. The overall increase in terms of amount for SNGPL transmission is 0.32 cents per mmBtu and distribution 0.35 cents per mmBtu and for SSGCL transmission prices have increased by 0.34 cents per mmBtu and for distribution 0.4 cents per mmBtu.