Govt Raises Deepwater Gas Price Ceiling To USD 9.89
The government has raised the deepwater gas price ceiling to USD 9.89 per MMBtu, while setting the APM gas cap at USD 7.
The government has raised the ceiling price for deepwater natural gas to USD 9.89 per million British thermal units (MMBtu), according to a report published by Daily Excelsior. In the same directive, the administration established the Administrative Price Mechanism (APM) gas cap at USD 7 per MMBtu.
Pricing Adjustments
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The updated pricing framework modifies domestic natural gas economics for deepwater, ultra-deepwater, and high-pressure, high-temperature (HPHT) fields. Producers operating in these complex extraction environments will navigate the new USD 9.89 ceiling.
Key Facts
- Deepwater Gas Ceiling: Raised to USD 9.89 per MMBtu.
- APM Gas Cap: Established at USD 7 per MMBtu.
- Reporting Source: Daily Excelsior.
Source: news.google.com
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