Govt hikes RLNG price for Feb 2025

ISLAMABAD: The government on Thursday increased the average sale price of Re-gasified Liquefied Natural Gas (RLNG) by as much as 23 cents/mmBtu on month-on-month for February 2025. The increase represents a rise of up to 1.86 percent over last month and effective from February 1.

The RLNG price for the Sui Northern Gas Pipelines Limited (SNGPL) consumers was increased by $0.2358/mmBtu, while for Sui Southern Gas Company (SSGC) clients, prices have been jacked up by $0.0715/mmBtu over the previous month (January 2025).

The Oil and Gas Regulatory Authority (Ogra) issueda its determined RLNG weighted average sale provisional prices. It set RLNG prices at $12.9025/mmBtu for the consumers of SNGPL and $12.6729/mmBtu for SSGC clients.

The newly notified prices of RLNG also include charges for the LNG terminals, transmission losses, port charges and margins of the state-run importers — Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL). These new weighted average sale prices of RLNG have been computed based on nine cargoes imported by PSO, while PLL did not import this super-chilled gas.

Since LNG is pegged to the price of crude oil, gas prices also fluctuate with changes in crude oil prices. RLNG prices can be influenced by various other factors, such as global demand and supply, transportation costs and geopolitical events.