Karachi (Web Desk): The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in the prices of Liquefied Natural Gas (LNG) for the month of December. This move is expected to provide relief to consumers and industries that rely on LNG for energy needs.
According to the new pricing structure, the price of LNG for the Southern Sui Gas Company (SSGC) has been reduced from $11.45 per MMBTU to $10.77 per MMBTU. Similarly, for the Sui Northern Gas Pipeline (SNGPL), the LNG price has been decreased from $12.39 per MMBTU to $11.82 per MMBTU.
This price cut comes as part of OGRA's ongoing efforts to stabilize energy costs in the country. The reduction is expected to ease the financial burden on both domestic consumers and industrial sectors that depend on LNG for their operations. The new pricing is likely to result in a decrease in overall energy expenses for both residential and industrial users, contributing to a more affordable energy environment.
Officials have highlighted that the price reduction is a step toward improving the cost-effectiveness of energy supply in Pakistan, especially in light of rising global energy prices. The lower LNG prices are expected to have a positive impact on industries that rely heavily on natural gas for manufacturing and production, thus providing a boost to the country's economy.
As part of its regulatory role, OGRA continues to monitor the LNG market and make adjustments in response to changes in global energy prices and domestic demand. This latest decision follows OGRA's commitment to ensure that energy costs remain manageable for the public and businesses, while also maintaining the sustainability of the energy sector.