Profit Gas definition

Profit Gas means the remaining Available Gas, after the Contractor has taken the Cost Gas pursuant to the provisions of Article 6.

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Profit Gas has the meaning assigned in Article 35; "Profit Oil" has the meaning assigned in Article 35;

Profit Gas means the Natural Gas to be shared between GHPL and Contractor pursuant to Article VI hereof.

Examples of Profit Gas in a sentence

The account is to be funded on a quarterly basis by the Contractor constituting the Contractor and the Government in proportion to the Contractor’s then current Participating Interest under this Contract and out of its share of ongoing Cost Oil, Cost Gas, Profit Oil and Profit Gas attributable to the Contractor and the Government entities, or by cash payment if production is insufficient.
The Natural Gas remaining after the deduction of the Cost Recovery Gas from the Available Gas (subject to the limit provided for in Article 6.2) shall be considered Profit Gas.
The purpose of this Accounting Procedure is to set out the principles and procedures of accounting to enable Petrobangla to monitor effectively the Contractor’s costs, expenditure, production and income so that ▇▇▇▇▇▇▇▇▇▇▇'s entitlement to Profit Oil, Profit Gas, and Profit Condensate can be accurately determined pursuant to the terms of this Contract.
The purpose of this Accounting Procedure is to set out the principles and procedures of accounting which will enable the Government to monitor effectively the Contractor’s costs, Expenditure, production and income so that Government’s entitlement to Profit Oil and Profit Gas can be accurately determined pursuant to the terms of the Agreement.
The account is to be funded on a quarterly basis by the Contractor constituting the Contractor and the Government in proportion to the Contractors then current Participating Interest under this Contract and out of its share of ongoing Cost Oil, Cost Gas, Profit Oil and Profit Gas attributable to the Contractor and the Government entities, or by cash payment if production is insufficient.
Any Available Oil and/or any Available Gas produced from the Hydrocarbon Operations conducted in accordance herewith shall be shared between the Parties as set out in this Article 8 and the Contractor shall be entitled to take and receive and freely export its Cost Oil and Cost Gas and share of Profit Oil and Profit Gas.
Title to Cost Oil and Cost Gas and the Investor’s share of Profit Gas and Profit Oil shall pass to the Investor at the Delivery Point.
Title to Cost Oil and Cost Gas and the Contractor’s share of Profit Gas and Profit Oil shall pass to the Contractor at the Delivery Point.
The Government has the right to amend the percentage share of Profit Oil and Profit Gas in the Agreement after ten (10) years of Commercial Production from the Contract Area in accordance with the Policy in vogue at that time on prospective basis.
The volume of Natural Gas which the Contractor shall be required to sell under this Article shall not exceed the Contractor's share of Profit Gas.

More Definitions of Profit Gas

Profit Gas means the Available Gas, less the quantity corresponding to the value required for Royalty payment and after the Investor has taken the Cost Gas pursuant to the provisions of Article 14.2. „Dobit u plinu” znači dio Pridobivenog plina, umanjenog za količine ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ pridobivene količine ugljikovodika i nakon što je Investitor preuzeo Troškovni plin u skladu s odredbama članka 14.2.

Profit Gas means the portion of Net Gas Production remaining after deducting Royalty Gas and Cost Recovery Gas pursuant to Article 6.2.

Profit Gas means, the balance of Available Natural Gas after the allocation of Royalty Gas, Cost Gas and Tax Gas, which shall be 70% pre cost recovery.

Profit Gas means the balance of natural gas available in any year after deduction of Cost Gas and allocated in accordance with the Ruvuma PSA. Such fiscal terms for the production of gas are currently being negotiated with the Tanzanian authorities and expected to form part of an amended Ruvuma PSA;

Profit Gas means the Natural Gas to be shared between Government Holdings and Contractor pursuant to Article VI hereof.