SECTION PART I.- PRELIMINARY 1. Short title 2 ... - Lexadin

"gas take" means the actual quantity of natural gas expressed in MMcf
actually taken or paid for by a customer in the accounting period under
an individual gas sales contract between the company and a customer of
the company.
Ascertainment
of G-Factor
2. (1) The value of all chargeable natural gas in the accounting period
shall be the sum of gross proceeds under individual gas sales contracts
in the accounting period less the G-Factor allowance as applicable to
any such individual gas sales contracts at the appropriate rate per cent
of such proceeds under any such individual gas sales contracts as
specified in the Table to this Schedule.
(2) G-Factor per centum in respect of factors in between the figures
mentioned in the Table to this Schedule shall be calculated on pro-rata
basis.
Power of
review
3. The Government of the Federation may from time to time review the
G-Factor allowance specified in the Table to this Schedule.
Load Factor
TABLE
G-Factor
Per centum
50 ……………………………………………………………………. 16.9
60 ……………………………………………………………………. 15.5
70 ……………………………………………………………………. 14.3
80 ……………………………………………………………………. 13.6
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