Ogra lowers LNG prices for gas companies

Oil and Gas Regulatory Authority (Ogra) has decreased prices of liquefied natural gas (LNG) for gas companies (Sui Southern and Sui Northern), reported 24NewsHD TV channel on Tuesday.

The Ogra has decreased LNG prices for Sui Northern Gas Pipelines Limited (SNGPL) by 0.61 dollar per MMBTU while for Sui Southern Gas Pipelines Limited (SSGPL) the prices have been decreased by 0.56 dollar per MMBTU. 

At the Sui Northern system, the new LNG price has been fixed as 13.70 dollar per MMBTU while at Sui Southern system the new LNG prices will be 13.95 dollar per MMBTU.

For January, the LNG price for Sui Northern was 14.31 dollar per MMBTU while for Sui Southern it was 14.51 dollar per MMBTU. 

The Ogra has also issued a notification showing new LNG prices for both gas companies. 

Reporter Awais Kayani