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how gas will be priced and traded internationally in the future. Th e international gas trade is dominated by a reference pricing mechanismâoil indexationâthat originated in Europe in the 1960s but is under growing pressure there, bringing into question how natural gas may be priced in the future, not only in Europe, but in Asia and beyond. Historically, international trade in gas was quite limited, as gas was produced
Natural gas taxes are primarily paid by a producer. Depending on the contract between producer and purchaser, both parties can agree that a purchaser will pay the natural gas taxes. Gas: 7.5 percent (.075) of market value of gas. Condensate Production Tax: 4.6 percent (.046) of market value of condensate.