Valuation of Natural Gas and Natural Gas Liquids. (a) In case of Natural Gas, the Contractor and the Minister shall agree on a methodology for valuation of Natural Gas which represents the fair market value of such natural gas at the Delivery Point, taking into account the composition of the natural gas. (b) Natural Gas Liquids (NGLs) recovered and sold shall be valued based upon the international value of such products as published by Platts or another international benchmark and adjusted to reflect the fair market value of such products at the delivery point.
Appears in 6 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
