Pakistan’s RLNG imports fall 27% to lowest level since FY18

Pakistan’s Re-gasified Liquefied Natural Gas (RLNG) imports declined 27% year-on-year in FY26 to their lowest level since FY18, according to data compiled by AKD Research from OGRA.

The country received 664 million cubic feet per day (MMCFD) of RLNG in FY26, compared with 914 MMCFD in FY25.

Pakistan imported 82 RLNG cargoes during FY26, down from 117 cargoes in the previous fiscal year.

The decline came despite a fall in average RLNG prices.

According to the data, the average RLNG price dropped 8% year-on-year to $8.38 per mmbtu in FY26 from $9.13 per mmbtu in FY25.

Separate data compiled by Arif Habib Limited from OGRA shows that RLNG imports remained disrupted on a monthly basis, with no cargo imported during April 2026.

The AHL data also shows that, under the PSO-SNGPL transmission price build-up, the LNG delivered ex-ship price stood at $13.14 per mmbtu.

After PSO/PLL margins of $0.33 per mmbtu, other charges of $2.09, additional charges of $1.01, cost of supply to SNGPL of $0.64 and cost of supply to SSGC of $0.22, the RLNG price without GST reached $17.43 per mmbtu.

The current Qatar slope was recorded at 13.37% of Brent, compared with a new slope of 10.20%.

AHL Research placed the import value per cargo at $53.51 million and the overall import value at $165.08 million. RLNG volumes have been declining for several years.

Imports stood at 1,035 MMCFD in FY22, falling to 1,004 MMCFD in FY23, 923 MMCFD in FY24, 914 MMCFD in FY25 and 664 MMCFD in FY26.

Prices also followed a downward trend over the same period.

The average RLNG price was $12.23 per mmbtu in FY22, $11.34 in FY23, $10.05 in FY24, $9.13 in FY25 and $8.38 in FY26.