Wednesday, April 16 2025

RLNG gets costlier by over 5pc this month
Despite a fall in system losses, the Oil and Gas Regulatory Authority (Ogra) on Monday notified over 5 per cent increase in the price of Regasified Liquefied Natural Gas (RLNG) at the transmission stage sale by the two Sui gas companies for the ongoing month. Karachi-based Sui Southern Gas Company Limited (SSGCL) serves consumers in Sindh and Balochistan, and its system losses at the distribution stage dropped from 16.16pc to 10.6pc. On the other hand, Lahore-based SNGPL provides gas to consumers in Punjab and Khyber Pakhtunkhwa, and its system losses at the distribution stage dropped to 7.47pc from 8.6pc until last month. According to the notification, the RLNG’s sale price for SNGPL at the transmission stage has been increased by 4.9pc to $12.59 per million British thermal units (mmBtu) for April against $12 per mmBtu. The sale price at the distribution stage for SNGPL was jacked up by 4.08pc to $13.48 per mmBtu for the current month against $12.95 per mmBtu in March.
Related news categories: business misc oilgas-exploration oilgas-marketing

Thursday, April 10 2025

OGDCL to begin output in ADNOC’s block by 2027
Oil and Gas Development Company Ltd expects to start production in Abu Dhabi’s Offshore Block-5 by 2027, while also increasing domestic oil and gas output and diversifying into minerals, its CEO said on Wednesday. OGDCL partnered with Abu Dhabi National Oil Company (ADNOC) in 2021 to explore and develop oil and gas resources in the block. Ahmed Hayat Lak, managing director and CEO of OGDCL, told Reuters the reserves were still being evaluated, but the company believed production could start in 2027. In terms of local exploration and production, Lak said the company was targeting crossing 50,000 barrels per day in oil production, up from 37,000, and gas output reaching 1 billion cubic feet, from around 800 million cubic feet, in the next three years.
Related news categories: business misc oilgas-exploration oilgas-marketing
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