Common use of Gas and LPG Clause in Contracts

Gas and LPG. (i) The Cost Recovery, Production Sharing and excess cost recovery , if any, Gas Price for local market will be agreed upon between CONTRACTOR and EGPC or EGAS after the Commercial Discovery and before converting an area to a Development Lease(s). Production Sharing Gas Price for export will be valued at Netback Price.

Gas and LPG. (i) The Cost Recovery, Production Sharing and excess cost recovery Excess Cost Recovery , if any, Gas Price for local market will be agreed upon between CONTRACTOR and EGPC or EGAS after the Commercial Discovery and before converting an area to a Development Lease(s). Production Sharing Gas Price for export will be valued at Netback Price.

Gas and LPG. (i) The Cost Recovery, Recovery and Production Sharing and excess cost recovery , if any, Gas Price for local market will be agreed upon between CONTRACTOR and EGPC or EGAS after the Commercial Discovery and before converting an area to a Development Lease(s)) according to the average prevailing Gas price of the Mediterranean region at that time . Production Sharing Except Gas Price for export (LNG), where production sharing Gas price will be valued at Netback Pricenet back price .

Gas and LPG. (i) The Cost Recovery, Production Sharing and excess cost recovery Excess Cost Recovery, if any, Gas Price for local market will be agreed upon between CONTRACTOR and EGPC or EGAS after the Commercial Discovery and before converting an area to a Development Lease(s)Production commencement. Production Sharing Gas Price for export will be valued at Netback Price.