Pakistan's RLNG Prices Skyrocket by Record 32%
On August 1st, Ogra notified a record 32% increase in regasified liquefied natural gas (RLNG) prices for August. The price hike is based on five imported LNG cargoes procured from the spot market due to no shipment secured from Qatar because of the US war on Iran.
The RLNG rate for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) is fixed at $25.83 per mmBtu and $25.09 per mmBtu, respectively. This translates into a retail price of around Rs7,204 per mmBtu.
Compared with the February price of $10.45 (Rs2,916) per mmBtu, the RLNG rate for August is around 148% higher. The sharp increase will significantly raise fuel costs for power generation, already visible in May's fuel cost for RLNG-based power generation rising to Rs31 per unit from Rs13.72 per unit in April.