LNG prices rise by up to 15.27% in Pakistan during October

Islamabad: Liquefied natural gas (LNG) prices in Pakistan increased by as much as 15.27 per cent in October compared with September following a fresh notification issued by the Oil and Gas Regulatory Authority (OGRA).

Islamabad: Liquefied natural gas (LNG) prices in Pakistan increased by as much as 15.27 per cent in October compared with September following a fresh notification issued by the Oil and Gas Regulatory Authority (OGRA).

According to the notification released in Islamabad LNG rates increased by up to $2.17 per million British thermal units (MMBtu) during the month.

Consumers supplied through the Sui Northern Gas Pipelines Limited (SNGPL) system faced an increase of $2.13 per MMBtu. The new LNG price for the Sui Northern network has been set at $17.32 per MMBtu for October.

Meanwhile, the price of LNG supplied through the Sui Southern Gas Company (SSGC) system rose by $2.17 per MMBtu.

Under the revised rates LNG supplied through the Sui Southern network will cost $16.39 per MMBtu in October.

The latest adjustment reflects a month-on-month increase in LNG prices across both major gas distribution systems.

OGRA issued the revised rates through its official notification setting the prices applicable to the Sui Northern and Sui Southern networks for October.