OGRA announces LNG price hike

The Oil and Gas Regulatory Authority (OGRA) has announced an increase in the price of Liquefied Natural Gas (LNG) by $0.32 per million British thermal units (mmbtu).

The new price notification issued for March sets the LNG price on Sui Northern's system at $12.81 per mmbtu, marking a significant rise from February's price of $12.49 per mmbtu.

Similarly, Sui Southern's system will see a new LNG price of $13.05 per mmbtu, up from the previous month's $12.95 per mmbtu.

This adjustment reflects OGRA's ongoing efforts to regulate the energy sector and ensure a stable supply amidst fluctuating global energy markets.