Gas Price. (a) For each Contract Month, the gas price (the “Gas Price”) (rounded to three (3) decimal points) in US$/MMBtu (GCV) shall be higher of:
Gas Price. Indonesia shall provide adequate supply of natural gas as fuel and feed-stock for use by the Project, at a price of US$0.60 per million BTU delivered to project plant, without escalation. However, an increase in this gas price may be discussed in the event that the world market price for urea is significantly above the ceiling price as established in Article 4 of this Supplementary Agreement.
Gas Price. Malaysia shall provide adequate supply of natural gas as fuel and feed-stock for use by the Project at a price of US$0.70 per million BTU delivered to project plant, which price commencing g from 1 January 1979, shall be subject to an escalation rate of not more than seven per cent (7%) per annum based on the simple average of the actual rates of price increases in the immediately preceding calendar year of the following: Thirty-three and one third per cent (33 1/3%) Miri Light Crude. Thirty-three and one third per cent (33 1/3%) Kuwait Crude. Thirty-three and one third per cent (33 1/3%) Medium Fuel Oil (Shell Pulau Bukom Posting). with the provision that the escalation shall not apply during the period when the prevailing world market price of urea is lower that the minimum (floor) price. In any calendar, quarter, where the prevailing world market price of urea is lower than the minimum (floor) price, then the gas price shall be revised to that level prevailing at the end of the immediately preceding calendar year and further escalation shall not take place until the world market price of urea in a subsequent quarter moves above the minimum (floor) price.
Gas Price. Buyer shall pay Seller: (i) the Gas Price for the measured quantities of Seller’s Gas in conformance with the specifications set forth in Article 9 that are delivered and sold by Seller and taken in any Month at the Delivery Point; and (ii) the Take-or-Pay Amount, if applicable.
Gas Price. (a) The Sales Gas Price in (USD/mmbtu) payable by the BUYER to the SELLER shall be calculated as follows: Sales Gas Price (in USD/MMBTU (GCV Basis) rounded to 3 decimal places = ((9.0% + P)* previous month Average Xxxxx Xxxxx in USD/BBL) Where, P is the premium to slope to Xxxxx Xxxxx agreed = ( ) % “Sales Gas Price” will be calculated on a monthly basis “Average Xxxxx Xxxxx” for any month shall be calculated as the arithmetic average (upto 3 decimal places) of the mean values of the high and low assessments of the benchmark crude oil “Dated Xxxxx” (Platts Code: PCAAS00) as published in “Platts Crude Oil Market Wire” in United States Dollar (“USD”) per barrel for each Day The Sales Gas Price shall be subject to a Floor Price of USD 7.75/mmbtu For avoidance of doubt, if calculated sales Gas price is less than Floor Price then the Floor price shall apply. If it is more than Floor Price, the calculated sales Gas price shall apply.
Gas Price. (a) The Sales Gas Price in (USD/mmbtu) payable by the BUYER to the SELLER shall be calculated as follows: Sales Gas Price (in USD/MMBTU (GCV Basis) rounded to 3 decimal places = ((12.0% + P)* previous month Average Xxxxx Xxxxx in USD/BBL) Where, P is the premium to slope to Xxxxx Xxxxx agreed = () % “Sales Gas Price” will be calculated on a monthly basis “Average Xxxxx Xxxxx” for any month shall be calculated as the arithmetic average (upto 3 decimal places) of the mean values of the high and low assessments of the benchmark crude oil “Dated Xxxxx” (Platts Code: PCAAS00) as published in “Platts Crude Oil Market Wire” in United States Dollar (“USD”) per barrel for each Day The Sales Gas Price shall be subject to a Floor Price of US$ 9.000 / MMBTU (i.e., if computed monthly Sales Gas Price is less than USD 9.000 / MMBTU then a price of USD 9.000 / MMBTU shall apply) The Sales Gas Price shall be subject to a Ceiling price of PLATTS LNG WIM +$1/mmbtu Formatted: Superscript “Platts LNG WIM” for any month shall be equal to the value of DES West India up to three (3) decimal places published under the category “Previous month average” below the heading “Daily Cumulative Averages and Monthly Averages” [Platts Code AAWIC03] in United States Dollar (“USD”) per MMBTU on GCV basis under the S&P Global Platts LNG Daily available for the last publication day of the month immediately preceding to the month during which Sales Gas shall be delivered. For example, the Platts LNG WIM for the month of April 2023 can be referred to in the Platts LNG Daily Report dated 31st March 2023 under “Previous month average”;
Gas Price. (a) The Sales Gas Price in (USD/MMBtu) payable by the BUYER to the SELLER shall be calculated as follows: Sales Gas Price [in USD/MMBTU (GCV Basis] rounded to 3 decimal places = {(P)* + Petroleum Planning & Analysis Cell’s (PPAC) declared domestic natural gas price for the relevant month in USD/MMBTU} Where, P is the price adjustment in USD/MMBTU “Sales Gas Price” will be calculated monthly. The Sales Gas Price shall be subject to a Floor Price of relevant month PPAC declared price for OIL/ONGC nominated fields.
Gas Price. Unless the parties have modified the price pursuant to Section 4.2 herein, the quantities of Gas to be purchased by Buyer pursuant to Section 2.1 for each Day shall be priced as follows:
Gas Price. 17 4.2 References................................................................. 17 4.3 Calculation................................................................ 18
Gas Price. For each day of delivery, Gas Daily, Daily Price survey under heading, So Cal Border Index Midpoint, plus $0.01 per MMBtu.
