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) V % X Dated ▇▇▇▇▇; or (ii) PPAC Price, Where: A. Dated ▇▇▇▇▇ = the price expressed in $/barrel and rounded to two (2) decimal places based on the average of the mean of the high and low quotations appearing in "▇▇▇▇▇’▇ Crude Oil Market wire" under the heading "Key benchmarks ($/barrel)" for "▇▇▇▇▇ (Dated)" (including any published correction) for each publication day for ▇▇▇▇▇’▇ 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) V 13.2% X Dated ▇▇▇▇▇▇ + V; or (ii) PPAC Price, Where: A. Dated ▇▇▇▇▇ = the price expressed in $/barrel and rounded to two (2) decimal places based on the average of the mean of the high and low quotations appearing in "▇▇▇▇▇’▇ Crude Oil Market wire" under the heading "Key benchmarks ($/barrel)" for "▇▇▇▇▇ (Dated)" (including any published correction) for each publication day for ▇▇▇▇▇’▇ 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) V 12.67 % X Dated ▇▇▇▇▇▇ + “V”; or (ii) PPAC Price, Where: A. Dated ▇▇▇▇▇ = 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 "▇▇▇▇▇’▇ Crude Oil Market wire" under the heading "Key benchmarks ($/barrel)" for "▇▇▇▇▇ (Dated)" entitled PCAAS00 (including any published correction) for each publication day for ▇▇▇▇▇’▇ 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) V 14% X Dated ▇▇▇▇▇▇ + V; or (ii) PPAC Price, Where: A. Dated ▇▇▇▇▇ = the price expressed in $/barrel and rounded to two (2) decimal places based on the average of the mean of the high and low quotations appearing in "▇▇▇▇▇’▇ Crude Oil Market wire" under the heading "Key benchmarks ($/barrel)" for "▇▇▇▇▇ (Dated)" (including any published correction) for each publication day for ▇▇▇▇▇’▇ 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) [V % X Dated ▇▇▇▇▇]; or (ii) PPAC Price, Where: A. Dated ▇▇▇▇▇ = the price expressed in $/barrel and rounded to two (2) decimal places based on the average of the mean of the high and low quotations appearing in "▇▇▇▇▇’▇ Crude Oil Market wire" under the heading "Key benchmarks ($/barrel)" for "▇▇▇▇▇ (Dated)" (including any published correction) for each publication day for ▇▇▇▇▇’▇ Crude Oil Market wire during the 3 (three) calendar months immediately preceding relevant Contract Month in which Gas supplies are made; and