OGRA increases LNG rates for SSGC and SNGPL

WEB DESK: The Oil and Gas Regulatory Authority (OGRA) announced an increase in the prices of liquefied natural gas (LNG) on Tuesday.

According to the notification released, OGRA has raised the prices of re-gasified liquefied natural gas (LNG) for both gas companies, Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC), for the remainder of October.

For SNGPL consumers, the price of liquefied gas has been raised by $0.50 per million British thermal units (mmbtu), while for SSGC consumers, the rate has been increased by $0.51 per mmbtu.

As per the new rates, LNG for SNGPL is now priced at $13.33 per unit, and for SSGC consumers, it stands at $13.87 per MMBTU.

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This price hike follows last month’s significant development, where Pakistan signed a framework agreement with Azerbaijan for the procurement of liquefied natural gas (LNG) under flexible terms.

The agreement, inked between Pakistan LNG Limited and Azeri Company SOCAR in Lahore, was witnessed by the then-Prime Minister Shehbaz Sharif.