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Gas Supply Contracts (Volumes in MMBTU/day). Andina. YPF. Contractual DCQ: 41,833* Average DCQ: 38,624 Actual Volumes: 41,833 (half of 83,665) Base Price: $1.200/mmbtu indexed to WTI, with collar Term: 19 years. Contractual DCQ: 41,833 Average DCQ: 38,624 Actual Volumes: 27,644
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Gas Supply Contracts(Volumes in MMBTU/day) Andina YPF Contractual DCQ: 41,833* Average DCQ: 38,624 Actual Volumes: 41,833 (half of 83,665) Base Price: $1.200/mmbtu indexed to WTI, with collar Term: 19 years Contractual DCQ: 41,833 Average DCQ: 38,624 Actual Volumes: 27,644 (69,477 minus 41,833) Base Price: $1.225/mmbtu indexed to WTI, with collar Term: 19 years SCG (100% ESA) TBS (72.5% ESA) EPE (52.625% ESA) Contractual DCQ: 83,665* Average DCQ: 77,247 Actual Volumes: 69,477 (27,644 + 41,833) TOP: 55% of average DCQ or 42,486 Put Option: 25% of Actual Volumes Term: 19 years Contractual DCQ: 83,665 Average DCQ: 77,247 Actual Volumes: 69,477 TOP: 55%of average DCQ or 42,486 Term: 19 years Contractual DCQ: 80,800 Average DCQ: 73,716 Actual Volumes: 67,512 Variable Price: $1.46/mmbtu† Fixed Price: $1.60/mmbtu† TOP: 80% of average DCQ or 58,973 Term: 19 years Note: Average DCQ considers the outage/maintenance days of the plant. Actual Volumes are those delivered at the inlet (gross of fuel losses) as currently assumed in MTM books. * Assumes DCQ in the YPF/Andina - SCG GSA is reduced to 83,665 (from 87,600) MMBTU/day, as per the May 24, 1999 proposal to amend the GSA. † Variable price consists of stated $1.21/mmbtu plus the projected YABOG tariff of $0.25/mmbtu. Fixed price is estimated from the stated demand charge, which is about $3.25 million per month, assuming the actual volumes taken by EPE.
Firm Gas Transportation Contracts(Volumes in MMBTU/day) TBS YABOG GTB Gasbol Gasmat MAXDTQ: 82,000 Average MAXDTQ: 82,000 Actual Volumes: 69,062 (of which 27,230 from YPF are effectively transported) Tariff: $0.1722/mmbtu* Fuel Losses: 1.50% Term: 19 years MAXDTQ: 80,762 Average MAXDTQ: 80,762 Actual Volumes: 67,681 Tariff: $0.145/mmbtu Fuel Losses: 2.00% Term: 25 years MAXDTQ: 102,990 Average MAXDTQ: 102,990 Actual Volumes: 67,596 Tariff: $0.5732/mmbtu** Fuel Losses: 0.125% Term: 25 years MAXDTQ: 102,990 Average MAXDTQ: 102,990 Actual Volumes: 67,512 Tariff: $0.3401/mmbtu Fuel Losses: 0.125% Term: 25 years Bolivia Brazil Note: Actual Volumes are those delivered at the outlet (net of fuel losses) as currently assumed in the MTM books. * Corresponds to current YABOG tariff of $0.18 per mcf, which will be in effect until May 2001. Future tariff is currently projected at $0.25 per mmbtu. ** With cost overruns this tariff is estimated at $0.71 per mmbtu; however the books do not yet reflect this estimate. In GTB, Gasbol, and Gasmat contracts, there are options for additional volumes.