Global natural gas prices continue to soar
19 Jul 2021 - 9:11
The Peninsula
Doha: Liquefied natural gas (LNG) prices are up around the world, driven by demand in China and across Asia, which is helping push benchmark prices in Europe to decade-plus highs as well, noted a report by Al Attiyah Foundation.
US prices have also risen, partly due to hot weather and an LNG export boom – suggesting a fully integrated international market is finally developing, with all prices moving in line, although the US remains far cheaper (excluding delivery costs). Longer term, fundamentals are increasingly pointing to a sustained period of higher prices, although long term deals are still struggling to follow the upward trend in spot prices.
Daily Times
May 8, 2021
Oil and Gas Regulatory Authority (OGRA) on Friday notified the revised price of Re-gasified Liquefied Natural Gas (RLNG) on networks of the SSGC and SNGPL for the current month with a slight upward adjustment. According to a notification, the authority has increased the price of imported RLNG by $0.49 per Million British Thermal Unit (MMBTU) on the system of Sui Southern Gas Company (SSGC). It fixed the commodity rate at $9.9692 per MMBTU for the month of May, which was available at $9.4779 during the last month.
Similarly, the sale price of per MMBTU RLNG witnessed $ 0.48 increase on the SNGPL system after the authority determined the rate at $10.2528 for the current month, which was being sold at $9.7638 in April.
Higher oil price gives Santos a bounce
Save
Share
Santos posted a 9.2 per cent rise in first-quarter revenue, helped by higher liquefied natural gas (LNG) spot prices in Asia as the global economy recovers from last yearâs pandemic-induced price lows.
Santos stock bounced around in morning trade but closed steady at $6.92
Increasing energy demand lifted oil prices from the lows of the pandemic-induced oil rout in 2020, which was sparked by global lockdowns.
Adrian Rietschel, site supervisor, at the Santos Carbon Capture storage project in South Australia. Â
Kelly Barnes
âBusiness benefited from higher commodity prices and a low free cash flow break-even oil price. This was despite the three-month lag in oil-linked LNG prices, which should see stronger prices in the second quarter,â CEO Kevin Gallagher said.
OGRA revises RLNG price with slight downward adjustment
Published On
OGRA has fixed price of imported RLNG at at $9.3145 per MMBTU
ISLAMABAD (Dunya News) – Oil and Gas Regulatory Authority (OGRA) on Friday notified the revised price of Re-gasified Liquefied Natural Gas (RLNG) on networks of the SSGC and SNGPL for the current month with a slight downward adjustment.
According to a notification, the authority has fixed the price of imported RLNG at at $9.3145 per Million British Thermal Unit (MMBTU) on the system of Sui Southern Gas Company (SSGC) for the month of March, which was at $9.3570 during the last month.