Common use of Gas Price Clause in Contracts

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. (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) 1412.67 % X Dated Xxxxx + “V”; or (ii) PPAC Price, Where: A. Dated Xxxxx = the price expressed in $US$/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)" entitled PCAAS00 (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. (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[V % X Dated Xxxxx + VXxxxx]; 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. (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) 14V % X Dated Xxxxx + VXxxxx; 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. (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) 1413.2% 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