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 higher of:
Gas Price. Indonesia shall provide adequate supply of natural gas as fuel and feed-stock for use by the Project, at a price of US$0.60 per million BTU delivered to project plant, without escalation. However, an increase in this gas price may be discussed in the event that the world market price for urea is significantly above the ceiling price as established in Article 4 of this Supplementary Agreement.
Gas Price. Malaysia shall provide adequate supply of natural gas as fuel and feed-stock for use by the Project at a price of US$0.70 per million BTU delivered to project plant, which price commencing g from 1 January 1979, shall be subject to an escalation rate of not more than seven per cent (7%) per annum based on the simple average of the actual rates of price increases in the immediately preceding calendar year of the following: Thirty-three and one third per cent (33 1/3%) Miri Light Crude. Thirty-three and one third per cent (33 1/3%) Kuwait Crude. Thirty-three and one third per cent (33 1/3%) Medium Fuel Oil (Shell Pulau Bukom Posting). with the provision that the escalation shall not apply during the period when the prevailing world market price of urea is lower that the minimum (floor) price. In any calendar, quarter, where the prevailing world market price of urea is lower than the minimum (floor) price, then the gas price shall be revised to that level prevailing at the end of the immediately preceding calendar year and further escalation shall not take place until the world market price of urea in a subsequent quarter moves above the minimum (floor) price.
Gas Price. Buyer shall pay Seller the Gas Price for the measured quantities of Seller’s Gas in conformance with the specifications set forth in Article 9: that are delivered and sold by Seller and taken in any Month at the Delivery Point.
Gas Price. (a) The Sales Gas Price in (USD/mmbtu) payable by the BUYER to the SELLER shall be calculated as follows: Sales Gas Price (in USD/MMBTU (GCV Basis) rounded to 3 decimal places = ((10.0% + P)* previous month Average Xxxxx Xxxxx in USD/BBL) Where, P is the premium to slope to Xxxxx Xxxxx agreed = () % “Sales Gas Price” will be calculated on a monthly basis “Average Xxxxx Xxxxx” for any month shall be calculated as the arithmetic average (upto 3 decimal places) of the mean values of the high and low assessments of the benchmark crude oil “Dated Xxxxx” (Platts Code: PCAAS00) as published in “Platts Crude Oil Market Wire” in United States Dollar (“USD”) per barrel for each Day The Sales Gas Price shall be subject to a Floor Price of PPAC Gas Price Ceiling + USD 0.40
Gas Price. (a) The Sales Gas Price in (USD/mmbtu) payable by the BUYER to the SELLER shall be calculated as follows: Sales Gas Price (in USD/MMBTU (GCV Basis) rounded to 3 decimal places = ((10.0% + P)* previous month Average Xxxxx Xxxxx in USD/BBL) Where, P is the premium to slope to Xxxxx Xxxxx agreed = () % “Sales Gas Price” will be calculated on a monthly basis “Average Xxxxx Xxxxx” for any month shall be calculated as the arithmetic average (upto 3 decimal places) of the mean values of the high and low assessments of the benchmark crude oil “Dated Xxxxx” (Platts Code: PCAAS00) as published in “Platts Crude Oil Market Wire” in United States Dollar (“USD”) per barrel for each Day The Sales Gas Price shall be subject to a Floor Price of PPAC price for non- nominated fields for the relevant month(Domestic Natural gas price for the relevant month notified on PPAC website in accordance with MoPNG’s notification no. L-12015/2022-GP-II) dated 7th April 2023) The Sales Gas Price shall be subject to a Ceiling price of PLATTS LNG WIM +$1/mmbtu “Platts LNG WIM” for any month shall be equal to the value of DES West India up to three (3) decimal places published under the category “Previous month average” below the heading “Daily Cumulative Averages and Monthly Averages” [Platts Code AAWIC03] in United States Dollar (“USD”) per MMBTU on GCV basis under the S&P Global Platts LNG Daily available for the last publication day of the month immediately preceding to the month during which Sales Gas shall be delivered. For example, the Platts LNG WIM for the month of April 2024 can be referred to in the Platts LNG Daily Report dated 31st March 2024 under “Previous month average”; For avoidance of doubt, if calculated sales Gas price is less than Floor Price then the Floor price shall apply. Else, the calculated sales Gas price shall apply. If calculated sales Gas price is more than ceiling price then the ceiling price shall apply, else calculated sales Gas price shall apply. In the case where the ceiling price is less than floor price, the floor price shall apply.
Gas Price. Unless the parties have modified the price pursuant to Section 4.2 herein, the quantities of Gas to be purchased by Buyer pursuant to Section 2.1 for each Day shall be priced as follows:
Gas Price. For each day of delivery, Gas Daily, Daily Price survey under heading, So Cal Border Index Midpoint, plus $0.01 per MMBtu.
Gas Price. 21 4.2 References.............................................................................. 22 4.3 Calculation............................................................................. 22
Gas Price. Until recently (2009 for Ukraine and 2007 for Belarus), Ukraine and Belarus have paid a set amount that is outlined in the sales contract. In European gas contracts, the price of gas is determined by an equation that takes into account the world price of oil and the cost of shipment. Basing the price of gas on the price of oil incorporates short- term price fluctuations into gas contracts that are set for the medium- to long-term. I take the price that Germany pays at the border for its natural gas as the European market price for gas. To operationalize the gas price level variable, I divide the European gas prices into three levels: high, medium, and low. I determine the cut off points for each price level as follows. First, I look at the monthly European market gas prices over the duration of all the disputes I study, from June 2003 to May 2009. Then, I subtract the lowest from the highest gas price and divide the difference by three. Next, I use that number to break up the gas price range into three equal categories. The lowest and highest prices are $122.04/thousand cubic meters (mcm) and $576.72/mcm, respectively. The price ranges are: Low, ($122.04/mcm-$273.6/mcm); Medium, ($273.6/mcm- $425.16/mcm); and High, ($425.16/mcm-$576.72/mcm). Three of the conflicts I observe fall within one of the three price level categories for the entire year of the conflict. The prices during two of the conflicts, observed from June 1-May 31 of the following year, span two categories. In these instances, I look at the price during the height of the conflict. The height of each dispute is usually in December and provides a clear delineation of how much bargaining power the gas price gave Russia at the time of the negotiations. In addition to the absolute price of gas, I look at the gas price differential. The gas price differential is simply the European border price of gas minus the average price paid by the importer. I include both the price differential from the average European border price and the European border price in December. Although it makes more sense that the bargainers would look at the December price while negotiating in December, some residual effect of the price differential in the months leading up to the negotiations may still matter. There is only one dispute in which the numbers were significantly different, the 2008-2009 dispute with Ukraine. I use the average and December European border prices for the former year (the average 2005 price for the ...
