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” will be calculated monthly. (b) The above price shall be converted to INR /MSCM at RBI reference exchange rate of the month previous to the month during which supply of gas is made. The RBI exchange rate of the month would be calculated by taking the average of the RBI reference exchange rates for all days in the relevant month for which the rate is available on the RBI website. (c) The formula for calculating the Gas price would be as below: Where,
Appears in 2 contracts
Sources: Gas Sale and Purchase Agreement, Gas Sale and Purchase Agreement