Islamabad August 1 2024: In July 2024, the price of LNG decreased to $13.39/mmbtu from $14.63/mmbtu in June 2024, marking an 8.5% drop. This decline is attributed to a reduction in the 3 month average Brent crude price, which fell to $84.94/bbl in July 2024 from $85.52/bbl in June 2024.
The country imported a total of 11 LNG cargos in July 2024, up from 10 cargos in June 2024. Of these, PSO imported 10 cargos while PLL imported just 1 cargo.
The average import cost for PSO, including port charges, terminal charges, and other fees, was $13.57/mmbtu. In contrast, PLL’s average import cost was $14.03/mmbtu. The weighted average cost for all cargos was $13.39/mmbtu. Over the past three months, the average Brent price was $84.94/bbl, which was used for July 2024 LNG imports.
