Pakistan hikes price of regasified LNG
Pakistan’s Oil and Gas Regulatory Authority (OGRA) has increased the price of regasified LNG for customers of gas companies Sui Northern Gas Pipelines and Sui Southern Gas Company for August, according to local media reports published on August 3.
OGRA has increase the price for gas from Sui Northern by 5.36% versus the rate in July, while the price for supplies from Sui Southern has gone up by 5.59%, The Express Tribune reported. Customers of Sui Northern will pay $13.6/mn Btu in August while Sui Southern customers will have to shell out $13.34/mn Btu.
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According to the newspaper, the government plans to import 12 cargos of LNG in August, including six via Pakistan State Oil and six through spot purchases by Pakistan LNG.
Recent LNG procurements by the government have sparked controversy. Pakistan Muslim League-Nawaz (PML-N), the country’s main opposition party, has demanded a probe into these purchases.