Energy Reporter
ISLAMABAD: In a recent announcement, the Oil & Gas Regulatory Authority (OGRA) of Pakistan has disclosed its determination of the Weighted Average Sale Price for Re-Gasified Liquefied Natural Gas (RLNG) for the month of August 2023. This revelation comes as a result of the Federal Government’s decision regarding RLNG Allocation, Pricing, and Associated Matters, coupled with advice from the Ministry of Energy.
This decisive step is intended to provide greater transparency and accountability in the pricing of RLNG, a crucial energy resource for the country. The move is in line with the government’s ongoing efforts to ensure fair pricing mechanisms across the energy sector.
The comprehensive computation of RLNG prices has been unveiled for both the Sui Northern Gas Pipelines Limited (SNGPL) and the Sui Southern Gas Company (SSGC). The determination includes an array of crucial components that collectively formulate the final price. These components encompass the quantity of RLNG received, retainage percentages, transmission and distribution losses, port charges, as well as various other related costs.
Key Highlights of the Determination:
SNGPL RLNG Price Computation (Annex: A): The computation process for SNGPL’s RLNG prices for August 2023 is detailed in Annexure A of the announcement. It takes into account various parameters, such as the number of cargos, PSO retainage, transmission and distribution losses, port charges, and other costs. The prices have been calculated based on data provided by SNGPL.
SSGC RLNG Price Computation (Annex: B): Similarly, the pricing for RLNG provided by the Sui Southern Gas Company (SSGC) is detailed in Annexure B. This section outlines the calculation method for determining RLNG prices for August 2023, including elements such as quantity received, retainage, losses, and various charges.
It’s important to note that the parties involved in the RLNG supply chain, which includes SNGPL, SSGC, Pakistan State Oil (PSO), and Pakistan LNG Limited (PLL), are expected to carefully review and scrutinize the provided data and claims. This process ensures that payments are made based on valid evidence and in accordance with mutual agreements.
This significant development in the energy sector reinforces the government’s commitment to maintaining a fair and transparent pricing structure. By disclosing the RLNG Weighted Average Sale Price determination, OGRA aims to enhance accountability, encourage efficiency, and ensure that RLNG pricing remains equitable for all stakeholders.
