LNG Prices
The Oil and Gas Regulatory Authority (OGRA) has announced a revision in the prices of imported Liquefied Natural Gas (LNG) for March 2025, making it costlier for both Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL).
The latest adjustment comes as part of OGRA’s regular monthly review of energy prices, which takes into account international market trends, supply chain costs, and economic conditions.
According to the official notification issued by OGRA, the price of Re-gasified Liquefied Natural Gas (RLNG) has seen a marginal increase.
Specifically, the rate for RLNG supplied to SSGC has been increased by 4 cents per MMBTU (Million British Thermal Units), setting the new price at $12.94 per MMBTU.
Meanwhile, for SNGPL, the price has gone up by 5 cents per MMBTU, bringing the new rate to $12.72 per MMBTU.
These new rates will remain in effect throughout March 2025, as per OGRA’s pricing schedule. The increase in LNG prices is likely to impact various sectors, including industrial and commercial consumers, as well as households that rely on imported gas for heating and cooking.
Additionally, businesses that depend on RLNG for power generation or manufacturing processes may face increased operational costs, potentially leading to a rise in overall production expenses.
The adjustment in LNG prices is typically influenced by fluctuations in the international energy market, currency exchange rates, and demand-supply dynamics.
The cost of LNG imports has been affected by global market trends, where factors such as geopolitical developments, supply chain disruptions, and seasonal demand play a crucial role in determining price variations.
OGRA’s pricing mechanism is designed to ensure transparency and reflect real-time market trends. However, the increase in RLNG rates may add to the financial burden of consumers already facing inflationary pressures.
Stakeholders in the energy sector, as well as industries dependent on LNG, will closely monitor further developments in energy pricing and the potential impact on economic activities.
