The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in the prices of imported Liquefied Natural Gas (LNG) for the month of May.
In a notification issued regarding the LNG pricing for May, OGRA stated that the price for Sui Northern Gas Pipelines Limited (SNGPL) has been reduced by $1.68 per MMBTU (Million British Thermal Units).
The new price for SNGPL now stands at $11.79 per MMBTU.
Similarly, the price for Sui Southern Gas Company (SSGC) has been reduced by $1.71 per MMBTU, bringing the new price to $10.87 per MMBTU.
It is noteworthy that in April, the LNG prices for SNGPL and SSGC were $13.47 and $12.59 per MMBTU, respectively.
Energy experts have welcomed the move, suggesting that the drop in RLNG prices will translate into lower electricity generation costs and reduce the burden on consumers, particularly during the high-demand summer months.
