Gas Suppliers in Pakistan and Bulgaria Seek Price Hikes

Gas utility companies in Pakistan and Bulgaria are seeking regulatory approval for price increases to offset rising international costs and winter demand. In Pakistan, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) petitioned the Oil and Gas Regulatory Authority for hikes effective July 1. SNGPL requested an increase of Rs10.40 per million British thermal units (MMBTU), while SSGC sought a larger increase of Rs366.75 per MMBTU. SNGPL also requested Rs60.147 billion to cover 16 liquefied natural gas (LNG) cargoes needed to supplement limited local production during winter.

Separately, Bulgargaz has requested that Bulgaria's Energy and Water Regulatory Commission approve a 14.38% price increase for December, proposing a rate of 66.83 euros per megawatt-hour. This follows a 32.52% hike already approved for November. Bulgargaz stated that its proposed rate remains more than 20% below European market levels. The Bulgarian supply plan relies on LNG deliveries from Turkey via Botaş and BP Gas Marketing Ltd, as well as the terminal near Alexandroupoli.