sec.21What is the average sales price for supply gas

sec.21 What is the average sales price for supply gas

The average sales price for supply gas for a petroleum producer for a royalty return period is worked out using the following formula— where— ASP is the average sales price. AR is the total revenue from all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is an independent buyer. AV is the total volume of all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is an independent buyer. DS is the deemed sales value of all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is not an independent buyer. DV is the total volume of all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is not an independent buyer. For subsection (1) , the deemed sales value of all gas sold in the royalty return period, either directly by the petroleum producer or indirectly by the producer through 1 or more resellers for the producer, to a person who is an LNG project buyer and is not an independent buyer is worked out using the following formula— where— DS is the deemed sales value. BP is the benchmark price for supply gas for the royalty return period. DV is the total volume of all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is not an independent buyer. (sec.21-ssec.1) The average sales price for supply gas for a petroleum producer for a royalty return period is worked out using the following formula— where— ASP is the average sales price. AR is the total revenue from all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is an independent buyer. AV is the total volume of all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is an independent buyer. DS is the deemed sales value of all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is not an independent buyer. DV is the total volume of all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is not an independent buyer. (sec.21-ssec.2) For subsection (1) , the deemed sales value of all gas sold in the royalty return period, either directly by the petroleum producer or indirectly by the producer through 1 or more resellers for the producer, to a person who is an LNG project buyer and is not an independent buyer is worked out using the following formula— where— DS is the deemed sales value. BP is the benchmark price for supply gas for the royalty return period. DV is the total volume of all gas sold in the royalty return period, either directly by the producer or indirectly by the producer through 1 or more resellers for the producer, to a person who— is an LNG project buyer; and is not an independent buyer.