Pak Iran Gas vs Nawaz’s LPG Deal: Munir BalochNAWAZ SHARIF ON BEHEST OF US HAS KILLED THE PAK-IRAN GAS PIPELINE
Some facts to be revealed
Japan is already purchasing LNG from Yemen @ 12 dollars, while our champions have set a goal of 19 dollars for themselves. A shamefull deal by the crooks of Pakistan
LNG pricing
There are three major pricing systems in the current LNG contracts:
- Oil indexed contract used primarily in Japan, Korea, Taiwan and China;
- Oil, oil products and other energy carriers indexed contracts used primarily in Continental Europe;[26] and
- Market indexed contracts used in the US and the UK.;
The formula for an indexed price is as follows:
CP = BP + β X
- BP: constant part or base price
- β: gradient
- X: indexation
The formula has been widely used in Asian LNG SPAs, where base price refers to a term that represents various non-oil factors, but usually a constant determined by negotiation at a level which can prevent LNG prices from falling below a certain level. It thus varies regardless of oil price fluctuation.
Oil parity
Oil parity is the LNG price that would be equal to that of crude oil on a Barrel of oil equivalent basis. If the LNG price exceeds the price of crude oil inBOE terms, then the situation is called broken oil parity. A coefficient of 0.1724 results in full oil parity. In most cases the price of LNG is less the price of crude oil in BOE terms. In 2009, in several spot cargo deals especially in East Asia, oil parity approached the full oil parity or even exceeds oil parity.[27]
S-curve
Many formula include an S-curve, where the price formula is different above and below a certain oil price, to dampen the impact of high oil prices on the buyer, and low oil prices on the seller.
JCC and ICP
In most of the East Asian LNG contracts, price formula is indexed to a basket of crude imported to Japan called the Japan Crude Cocktail (JCC). In Indonesian LNG contracts, price formula is linked to Indonesian Crude Price (ICP).
Brent and other energy carriers
In the continental Europe, the price formula indexation does not follow the same format, and it varies from contract to contract. Brent crude price (B), heavy fuel oil price (HFO), light fuel oil price (LFO), gas oil price (GO), coal price, electricity price and in some cases, consumer and producer price indexes are the indexation elements of price formulas.
Champion fraudster of Pakistan wants to sign an agreement for 15 Years,
alongwith a clause that if government of Pakistan terminates a contract
than Pakistan will have to pay 200 million Dollars as damages to the company
established by Nawaz Sharifs front man SAIF UR REHMAN, EX- Motasab i Ala Pakistan in Yemen
