Does Mucus Come Before Menstration

Gas Exports: February Royalties

In February, the export of natural gas has continued to fulfill two fundamental requirements: from Lot 56 (and not Lot 88, which is regulated prices and is reserved for the domestic market) and is generating higher royalties that the gas sold in the domestic market.

Indeed, as shown in the table above, in the month in question occurred in Block 56 for a total of 17.9 million BTU (unit of measurement of gas), more than 12.2 million BTU produced in Block 88.

to international prices, the volume generated after discounting all relevant costs in this business (transport by pipeline, liquefaction, transport and regasification vessels at the place of destination) a wellhead price of $ 2.9925 per million BTU, ie production value U.S. $ 53.6 million. Since the average international price obtained exceeded U.S. $ 5, corresponded to apply a royalty rate of 38%, equivalent to $ 1.14 per million BTU. That translated into a total royalty of U.S. $ 20.4 million.

As shown in the second box, this helped to achieve, for the third consecutive month, a royalty on exports greater than from sale in the domestic market (U.S. $ 1.14 versus $ 0.63). This situation occurred despite the fact that February was not a good month in terms of price, judging by what it tells us the following graph for the U.S. Henry Hub market.

Fortunately, the export consortium is to overcome such disadvantages through the sale to markets with better prices. One of them is that of Korea, to which it is running the most recent shipments.

That is, although there is still no answer to this before the site made by the government to define two factors referred to in the first paragraph, the facts have demonstrated that already comes to meet these fundamental requirements.