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:
(i) Lower of (PPAC Gas Price Ceiling and JKM + V); and
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$0.70 per million BTU delivered to project plant, which price commencing g from 1 January 1979, shall be subject to an escalation rate of not more than seven per cent (7%) per annum based on the simple average of the actual rates of price increases in the immediately preceding calendar year of the following: Thirty-three and one third per cent (33 1/3%) Miri Light Crude. Thirty-three and one third per cent (33 1/3%) Kuwait Crude. Thirty-three and one third per cent (33 1/3%) Medium Fuel Oil (Shell Pulau Bukom Posting). with the provision that the escalation shall not apply during the period when the prevailing world market price of urea is lower that the minimum (floor) price. In any calendar, quarter, where the prevailing world market price of urea is lower than the minimum (floor) price, then the gas price shall be revised to that level prevailing at the end of the immediately preceding calendar year and further escalation shall not take place until the world market price of urea in a subsequent quarter moves above the minimum (floor) price.
Gas Price. (a) For each Contract Month, the gas price (the “Gas Price”) (rounded to three (3) decimal points) in US$/MMBtu (GCV) shall be the higher of:
(i) 14% X Dated Xxxxx + V; or
(ii) PPAC Price, Where:
A. Dated Xxxxx = the price expressed in $/barrel and rounded to two (2) decimal places based on the average of the mean of the high and low quotations appearing in "Xxxxx’x Crude Oil Market wire" under the heading "Key benchmarks ($/barrel)" for "Xxxxx (Dated)" (including any published correction) for each publication day for Xxxxx’x Crude Oil Market wire during the 3 (three) calendar months immediately preceding relevant Contract Month in which Gas supplies are made; and
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” 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 “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”;
(b) The above price shall be converted to INR /MSCM at RBI reference exchange rate of the month previous to the month during which supply of gas is made. The RBI exchange rate of the month would be calculated by taking the average of the RBI reference exchange rates for all days in the relevant month for which the rate is available on the RBI website.
(c) The formula for calculating the Gas price would be as below: Gas Price (INR / MSCM) = [Sales Gas Price * 3.968254 * GCV * Exchange rate]/1000 Where
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. (a) The Sales Gas Price in (USD/MMBtu) payable by the BUYER to the SELLER shall be calculated as follows: “Sales Gas Price” will be calculated monthly.
(b) The above price shall be converted to INR /MSCM at RBI reference exchange rate of the month previous to the month during which supply of gas is made. The RBI exchange rate of the month would be calculated by taking the average of the RBI reference exchange rates for all days in the relevant month for which the rate is available on the RBI website.
(c) The formula for calculating the Gas price would be as below: Where,
Gas Price. For each day of delivery, Gas Daily, Daily Price survey under heading, So Cal Border Index Midpoint, plus $0.05 per MMBtu.
Gas Price. 21 4.2 References.............................................................................. 22 4.3 Calculation............................................................................. 22
