ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has announced the provisional price of Re-Gasified Liquefied Natural Gas (RLNG) at $8.636 per MMBTU (million British thermal unit).
The earlier RLNG price was at $12.30 per MMBTU for power and fertilisers sector and $11.50 per MMBTU for others.
According to the notification by the authority the price of the RLNG per MMBTU will be $8.636 which includes LNG DES price $7.72578, PSO import cost $0.00884, Terminal Charges $0.66, PSO margin at 1.82pc ($0.14061) of DES price, transmission losses at 0.5 percent ($0.03863) of DES price and Retainage at 0.75pc ($0.06296) of total cost.
The Authority disallowed $0.05 per MMBTU administrative margin to the SSGC and SNGPL. “The gas companies have made a general contention on the margin issue and have failed to quantified or justified the same,” Ogra observed. The authority rejected PSO claim of 4pc margin and instead allowed the company 1.82 percent margin on DES price.
