Islamabad October 01 2021: The Oil & Gas Regulatory Authority (OGRA) on Friday set weighted average price of RLNG at USD 15.3534 per million British thermal unit (MMBTU) for the month of September 2021. These RLNG flows will cost USD 505 million just for the month of September.
RLNG prices are increased substantially by 122 percent on year on year basis for the consumers when compared to rate of USD 6.93 per mmbtu in September 2020.
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RLNG prices are 16.2 percent higher than last month of USD13.22 per MMBTU.
Pakistan will import 11 cargoes for the month of September 2021, five by Pakistan Stat Oil company (PSO) and six by Pakistan LNG Limited (PLL). PSO will import RLNG at Brent slope of 13.37 percent while PLL price for two cargoes is set at a discount of 11.62 percent and 11.95 percent to last 3 months average of Brent. Remaining four cargoes will cost from range of USD 15.2 per mmbtu to USD 15.5 per mmbtu.