Terms for Natural Gas Sample Clauses

Terms for Natural Gas. (a) If the Natural Gas requirements of the domestic market in Guyana (the "Natural Gas Domestic Demand") exceed the Minister's total entitlement from all Natural Gas production in Guyana, then the Contractor shall be obliged together with any third parties which produce Natural Gas in Guyana, to supply and sell a volume of Natural Gas to be used for such Natural Gas Domestic Demand in Guyana, calculated on the basis of the ratio which the Contractor's Lifting Entitlement of Natural Gas bears to the sum of the Contractor's Lifting Entitlement of Natural Gas plus the total entitlement of all other producers in Guyana subject to Article 23.2(c). The volume of Natural Gas which the Contractor shall be required to sell under this Article shall not exceed the Contractor's share of Gas entitlement under this agreement. The Minister shall give the Contractor notice on or prior to April 1 of the year preceding the Calendar Year in which the Government will have the said requirement and the term of the supply shall be on a Calendar Year basis unless otherwise agreed. For the purpose of this Agreement, Natural Gas Domestic Demand shall consist of those quantities of Natural Gas used for domestic residential, commercial and industrial consumption, including fuel used for domestic power generation. Natural Gas liquefied or compressed in Guyana for export or used as feedstock for other exports, such as methanol and fertilizer, shall not be considered part of Natural Gas Domestic Demand.
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Terms for Natural Gas. (a) If the Natural Gas requirements of the domestic market in Guyana (the “Natural Gas Domestic Demand”) exceed the Minister's total entitlement from all Natural Gas production in Guyana, then the Contractor shall be obliged together with any third parties which produce Natural Gas in Guyana, to supply and sell a volume of Natural Gas to be used for such Natural Gas Domestic Demand in Guyana, calculated on the basis of the ratio which the Contractor's Lifting Entitlement to Natural Gas bears to the sum of Contractor's Lifting entitlement plus the total entitlement of all other producers in Guyana subject to Article 17.2(c). 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 Petroleum. The Minister shall give the Contractor notice on or prior to April 1 of the year preceding the Calendar Year in which the Government will have the said requirement and the term of the supply shall be on a Calendar Year basis unless otherwise agreed. For the purpose of this Agreement, Natural Gas Domestic Demand shall consist of those quantities of Natural Gas used for domestic residential, commercial and industrial consumption, including fuel used for domestic power generation determined by the Minister before the submission of a Development Plan, including a forecast of the reasonable variation in demand in the future. Natural Gas liquefied or compressed in Guyana for export or used as feedstock for petrochemical exports, such as methanol and fertilizer, shall not be considered part of Natural Gas Domestic Demand. Any sales of Natural Gas to the domestic market shall be priced at the net-back price of such Natural Gas in the production Field, which shall be calculated as the market destination price where the Natural Gas would be sold minus: transport, marketing, processing, compression, liquefaction and any other fee or tariff paid to take the gas from the Field to the destined market. In the event of a failure to reach agreement on the price, volume and/or terms of sale, either Party may submit the dispute for sole expert determination pursuant to Article 26.3.
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