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Petroleum and Gas (Royalty) Regulation 2021
sec.7What is supply gas
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sec.7 What is supply gas
Petroleum produced by a petroleum producer in a royalty return period is supply gas if— the petroleum is gas; and the petroleum is not produced by the producer as a member of an LNG project; and during the royalty return period, the petroleum is sold or otherwise transferred, 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.
- (a) the petroleum is gas; and
- (b) the petroleum is not produced by the producer as a member of an LNG project; and
- (c) during the royalty return period, the petroleum is sold or otherwise transferred, 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.