APTMA urges Ogra to review RLNG actual sales price for 2015-22

APTMA has approached OGRA seeking rehearing for determination of RLNG actual sales price for the period 2015 to 2022 primarily on Grounds of UFG Misallocation and Non-Disclosure of the Computation Trail. APTMA has pointed out that over the 84-months actualization period; around 47 million tonnes of LNG was consumed. Using 1 tonne LNG = 52 MMBtu, even a conservative assumption that 10 million tonnes were consumed by industry, where OGRA has provided no class-wise data, implies industrial consumption of about 520 million MMBtu. If industrial RLNG is given only a USD 0.50/MMBtu downward correction to reflect that RLNG UFG was applied at significantly higher levels (nearly double) than system-gas benchmark in the same commingled network, the implied refund is USD 260 million.