KE denies RLNG payment delays

K-Electric has denied that it is late or in default on its RLNG payments to Pakistan LNG Limited (PLL), according to Business Recorder. The utility is asking for the agreed pricing mechanism to be put into effect quickly so that payments can be reconciled from May 2026.

The statement responds to a September 4 story based on a PLL letter sent to the company's chief executive. K-Electric says the National Coordination and Management Council (NCMC) agreed on July 1, 2026, to a unified, weighted-average RLNG pool pricing mechanism under current force majeure conditions. The utility reiterated its commitment to timely implementation of that arrangement and asked all stakeholders to speed up the process.

The company estimates it has already overpaid by about Rs4.2 billion and anticipates a credit note from PLL after the mechanism takes effect. PLL's own letter, however, puts the outstanding principal for May to July 2026 supplies at Rs6.7526 billion as of August 27, 2026, so the two sides hold conflicting positions on the amounts due.