Pakistan’s RLNG import system came under cost pressure in May 2026 as changes in supply sourcing and higher global energy prices pushed overall prices upward.
Data shows that the weighted average RLNG price on the SNGPL network increased by around 42% year-on-year. The surge was mainly driven by rising international oil prices, the import of a spot LNG cargo by Pakistan LNG Limited (PLL), and higher terminal and handling charges.
On the volume side, Pakistan State Oil (PSO) RLNG deliveries declined to approximately 242 mmcfd during the month. Only three cargoes were imported under long-term contracts, priced at a 10.20% slope to Brent.
Meanwhile, PLL brought in one spot cargo of around 74 mmcfd during May at a 20.9% slope to DES price. Although in line with market expectations, the higher-cost spot purchase contributed to the overall rise in import costs.
The combination of reduced long-term supply share and increased reliance on relatively expensive spot procurement led to higher RLNG pricing across the SNGPL network during the month.
