Common use of Valuation of Natural Gas Clause in Contracts

Valuation of Natural Gas. The Contractor will have freedom for pricing and sale of gas produced from Contract Area on Arm‘s Length Sales basis. However, Government‘s share of Revenue shall be calculated based on the higher of the price arrived at, by the following methods: i. through competitive bidding process; or ii. the price calculated as per the guidelines prescribed by the Government.

Valuation of Natural Gas. The Contractor will have freedom for pricing and sale of gas produced from Contract Area on Arm‘s Arm’s Length Sales basis. However, Government‘s Government’s share of Revenue shall be calculated based on the higher of the price arrived at, by the following methods: i. through competitive bidding process; or ii. the price calculated as per the guidelines prescribed by the Government.

Valuation of Natural Gas. The Contractor will have freedom for pricing and sale of gas produced from Contract Area on Arm‘s Arm’s Length Sales basis. However, Government‘s Government’s share of Revenue shall be calculated based on the higher of the price arrived at, by the following methods: i. through competitive bidding process; or ii. the price calculated as per the guidelines prescribed by the Government.

Valuation of Natural Gas. The Contractor will have freedom for pricing and sale of gas produced from Contract Area on Arm‘s Arm’s Length Sales basis. . Government’s share of Revenue shall be calculated based on the actual price arrived through transparent bidding on Arm’s Length basis. However, Government‘s in case of sales to affiliate, subject to Article 17, Government’s share of Revenue shall be calculated based on the higher of the price arrived at, by the following methods: i. through competitive bidding process; or ii. and the price calculated as per the guidelines prescribed by the GovernmentDomestic Natural Gas Pricing Guidelines in vogue at relevant point of time.