ISLAMABAD: In a rare development, the Oil & Gas Regulatory Authority (Ogra) on Tuesday retracted a notification it issued a day earlier that increased the prices of regasified liquefied natural gas (RLNG) by more than 5.5 per cent for the current month on the basis of an expensive $20.055 per mmBtu cargo.
“As informed by PSO (Pakistan State Oil) that they have scrapped the cargo with offered price of 27.87pc of Brent, RLNG price notified on 2nd August is no more valid and August RLNG price notification is being withdrawn,” said a revised notification issued by the regulator.
Informed sources said the regulator had to withdraw the notification under pressure from the Ministry of Energy which came under public criticism for acquiring expensive LNG import cargo amid mismanagement of various fuels as power consumers faced the brunt of loadshedding in humid weather conditions despite purported surplus generation capacity.
ISLAMABAD: The Oil & Gas Regulatory Authority (Ogra) on Friday set average price of $10.25 per million British thermal unit (mmBtu) for distribution of regasified liquefied natural Gas (RLNG) to their customers during the current month.
According to a notification, the distribution tariff for RLNG was about 5 per cent higher than last month $9.7638 per mmBtu.
The distribution tariff is worked out on the basis of LNG delivered ex-ship (DES) besides a number of other additional charges claimed by public sector companies and terminal operators. Ogra said the Pakistan LNG Ltd’s (PLL) DES prices averaged $7.055 per mmBtu for May, up 3.22pc in April.
The Oil & Gas Regulatory Authority (Ogra) on Thursday allowed Rs44 per unit (5.4 per cent) increase in the prescribed price for Karachi-based Sui Southern Gas Company. Reuters/File
ISLAMABAD: The Oil & Gas Regulatory Authority (Ogra) on Thursday allowed Rs44 per unit (5.4 per cent) increase in the prescribed price for Karachi-based Sui Southern Gas Company (SSGC).
The increase was determined on the request of the utility on the basis of its estimated revenue requirement (ERR) for financial year 2020-21. The regulator said the company will be able to meet Rs14.3 billion shortfall in its ERR, including prior year shortfall of Rs51bn. The new prescribed price has been worked out at Rs779 per Million British Thermal Unit (MMBTU) from the existing rate of Rs636 per MMBTU.
In this file photo, Texas-based Excelerate Energy’s ship is seen next to Exquisite. The former conducted the 100th ship-to-ship (STS) transfer of LNG at the Engro Elengy Terminal at Port Qasim.
ISLAMABAD: Overriding all objections from some private companies, the Oil & Gas Regulatory Authority (Ogra) on Tuesday granted marketing licences to Energas and Tabeer Energy for sale of regasified-liquefied natural gas (RLNG) to their customers.
The licences would be valid for 10 years, starting Jan 8, 2021. Both applicants are stated to have their own customers in the private sector and would arrange LNG imports without any liability to the government by utilising pipeline network of gas utilities. Initially, they plan to also utilise spare capacity of the LNG re-gasification terminals.