For Natural Gas Sample Clauses

For Natural Gas. For every new reservoir of Natural Gas discovered in the period following the Effective Date which can be produced commercially, CONTRACTOR shall fulfil its obligation towards the supply of the domestic market as set out below:
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For Natural Gas. For every new reservoir of Natural Gas discovered in the period following the Effective Date which can be produced commercially, fulfill its obligation towards the supply of the domestic market (DMO) as set out below:
Sample 1Sample 2
For Natural Gas. This fee will be due starting on the fifth year after starting production in the oil field, as evidenced in the resolution of approval issued by the competent authority and provided the following conditions are met: · For natural gas destined for exports: This fee will be caused in the event that the average price for the calendar month of production of Natural Gas “U.S. Gulf Coast Xxxxx Hub” marker is above the Po Base Price. · For natural gas destined for internal use: In the event its price is regulated by the Comisión de Regulación de Energía y Gas — XXXX — or the agency acting on its behalf, THE CONTRACTOR will pay no High Price Fees to the XXX; otherwise, the parties will agree the natural gas marker reflecting internal market conditions and Po value, which must be equivalent to the regulated price and will sign the corresponding agreement. All values corresponding to the economic rights referred to in this Annex, with the exception of the Po base Price corresponding to the regulated Price for gas for domestic use, will be adjusted annually as of January 1st of each year, applying the following formula: Po = Po(n-1) x (1+I(n-2)) Where n is the calendar year starting and for which the estimate is being made. n-1 is the calendar year immediately preceding the year starting. n-2 is the calendar year immediately preceding n-1. Po(n-1) is the value of Po for the new year as a result of the formula and to the nearest two decimal points. In-2) is the annual variation expressed as a fraction of the US producer price index during the Calendar Year, as published by the US Department of Labor - PPI Finished Goods WPUSOP 3000- between the end of calendar year n-2 and the index corresponding to the end of the year immediately preceding n-2 to the nearest four (4) decimal points. The calculation mentioned above will be made in December of each Year and will apply to the following calendar year. Paragraph: if the price of the marker crude oil “West Texas Intermediate” or of the natural gas marker “US Gulf Coast Xxxxx Hub” (P) were to lose recognition as international marker price, ANH will select a new marker crude oil or natural gas marker to be used, and will modify the table based on the new index, maintaining equivalencies with the Po values for the marker crude oil “West Texas Intermediate” or for the Natural Gas marker “US Gulf Coast Xxxxx Hub”. XXX may request Contractor in writing to pay this fee to XXX in kind or in cash. In the event that XXX decides to c...
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For Natural Gas. Five years after the beginning of the exploitation of the field, as recorded in the approval resolution issued by the competent authority, and in the event the price of the benchmark natural gas “US Gulf Coast Xxxxx Hub” tops the base price Po, THE CONTRACTOR shall pay the XXX an amount nominated in United States Dollars, per month in arrears, payable within the 30 calendar days following each due date. The amount payable for such right per each Area of Exploitation shall be the one resulting from the application of the following formula: Where: Value of Hydrocarbons at the Point of Delivery:
Sample 1

Related to For Natural Gas

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  • Marketing Services The Manager shall provide advice and assistance in the marketing of the Vessels, including the identification of potential customers, identification of Vessels available for charter opportunities and preparation of bids.

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