QLDIn ForceRegulation
Petroleum and Gas (Royalty) Regulation 2021
sec.27What is the benchmark price for project gas
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sec.27 What is the benchmark price for project gas
The benchmark price for project gas for a royalty return period is the price worked out using the following formula— where— BP is the benchmark price for project gas. SP is the average, for the relevant period for the royalty return period, of the daily Europe Brent Spot Price FOB (Dollars per Barrel) converted into Australian dollars at the average hedge settlement rate for the royalty return period.