Valuation of Natural Gas. 21.6.1 The Contractor shall endeavour to sell all Natural Gas produced and saved from the Contract Area at arms-length prices to the benefits of Parties to the Contract.
Valuation of Natural Gas. The Contractor will have freedom for pricing and sale of gas produced from Contract Area on Arm’s Length Sales basis. However, Government’s share of Revenue shall be calculated based on the higher of the price arrived at, by the following methods:
Valuation of Natural Gas. 16.3.1 If there are Arm’s Length Sales Agreements in place for the sale of natural gas, the Market Price of natural gas shall be the actual sales price obtained under such Agreements, calculated at the Delivery Point, which may take into account quantities to be sold, quality, geographic location of markets to be supplied as well as costs of production, transportation, treatment and distribution of natural gas from the Delivery Point to the relevant market, in accordance with Good International Oilfield Practice.
Valuation of Natural Gas. 15.1 Contractor shall use with priority any Natural Gas in the Contract Area for the purpose of increasing the recovery of Oil, where good international reservoir practices indicate that the use of Natural Gas for this purpose is required.
Valuation of Natural Gas. The Contractor will have freedom for pricing and sale of gas produced from Contract Area exclusively in domestic market, subject to Article 17, through a transparent bidding process on Arm’s Length Sales principles. However, for calculation of Revenue under this Contract, the minimum price will be calculated as per the Domestic Natural Gas Pricing Guidelines in vogue at relevant point of time. If the price arrived through bidding is more than the calculation based on the Domestic Natural Gas Price Guidelines issued by the Government from time to time, then the Revenue under this Contract will be calculated based on actual higher price realized.
Valuation of Natural Gas. (1) For Natural Gas sold on an Arm’s Length basis, the realised price of Natural Gas determined at the Delivery Point shall be the value in United States Dollars for the relevant Month in respect of that gas for the purposes of the Company's liability to pay Royalty, PIT and PAPT. It corresponds to the price at which an independent third party would be prepared to buy at the particular time such Natural Gas, on an Arm’s Length basis, taking into account the quality, volume, cost of transportation, terms of payment, and any other relevant conditions, including the then prevailing market conditions for Natural Gas at the final sales destination and shall be based on the higher of actual realised prices or the prices calculated under the relevant gas sales contact for Natural Gas approved by Minister for deliveries of that Natural Gas during the Calendar Month.
