OGRA has made a significant announcement regarding the prices of RLNG for SNGPL and Sui Southern Gas Company Limited.
The Oil and Gas Regulatory Authority (OGRA) has made a significant announcement regarding the prices of re-gasified liquefied natural gas (RLNG) for the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), with effect from April 1, 2024.
In a statement released by OGRA, it was disclosed that for SNGPL customers, the RLNG transmission price has been established at $11.98 per MMBtu, while the distribution rate stands at $12.94 per MMBtu for the month of April 2024. Both transmission and distribution prices have experienced a marginal increase of 1.03 percent as compared to the previous month, March 2024.
Similarly, for patrons of SSGCL, the transmission rate has been fixed at $11.33 per MMBtu, with the distribution price set at $13.19 per MMBtu. This marks a slight uptick of 1.06 percent in both transmission and distribution costs in comparison to March 2024.
The regulatory body emphasized that the adjustment in RLNG prices can be primarily attributed to the escalation in the delivered price ex-ship (DES).
This development comes amidst a backdrop of fluctuating energy prices globally and underscores the intricate interplay of market forces impacting energy consumers and stakeholders alike.
The notification of these revised RLNG prices by OGRA underscores the ongoing efforts to ensure transparency and stability in the energy sector, balancing the interests of both consumers and suppliers.
It is noteworthy that the determination of RLNG prices involves a meticulous assessment of various factors including international market dynamics, exchange rates, and domestic demand-supply dynamics.
The announcement by OGRA regarding the RLNG prices for SNGPL and SSGCL has garnered attention from industry experts and stakeholders, who are closely monitoring the implications of these adjustments on the overall energy landscape in the country.
As the energy sector continues to evolve, regulatory interventions such as these play a pivotal role in maintaining equilibrium and facilitating sustainable growth in the industry.
The revised RLNG prices are expected to have implications for a diverse array of stakeholders including industrial consumers, domestic households, and commercial entities, all of whom are integral components of the energy ecosystem.
In conclusion, OGRA’s notification of the revised RLNG prices for SNGPL and SSGCL underscores the regulatory body’s commitment to fostering a conducive environment for the energy sector, ensuring a delicate balance between affordability for consumers and viability for suppliers in the evolving energy landscape.