The Oil and Gas Regulatory Authority (OGRA) announced revised prices for imported liquefied natural gas (LNG) on Monday, with rates increasing for the Sui Northern Gas Pipelines Limited (SNGPL) system and decreasing for the Sui Southern Gas Company (SSGC) system.
Effective April 1, the weighted average sale price for LNG on the SNGPL system rose by $0.52 per million British thermal units (MMBTU), reaching $13.47. In contrast, the price for the SSGC system dropped by $0.13 per MMBTU, settling at $12.59.
In March, LNG prices stood at $12.94 per MMBTU for SNGPL and $12.72 for SSGC.
OGRA attributed the increase for SNGPL to higher costs incurred during cargo transportation and anchoring. The reduction for SSGC was linked to a lower unaccounted-for gas (UFG) rate.
The adjustment reflects ongoing fluctuations in global energy markets and domestic distribution efficiencies, impacting consumers and industries reliant on LNG.
Asian spot liquefied natural gas (LNG) prices have dropped to their lowest level in over eight months last week week, pressured by sluggish demand, high inventory levels, and growing fears of a global economic downturn.
These concerns have been intensified by U.S. President Trump’s sweeping tariffs on multiple countries, which have unsettled global markets and heightened worries about a possible recession. The escalating trade conflict between the United States and China has further complicated the situation, with Chinese LNG importers—who make up the world’s largest market for the fuel—offloading U.S.-sourced cargoes as rising tariffs drive up import costs.
