The price spike in gas price in 2013 was due to a number
of factors, including:
i. The increase in gas price that has been in effect since
mid 2013, and was fully realised throughout 2014.
ii. Increase of gas price in 2014, from around US$5.4-6.6/
MMBTU, to around US$7.3-7.9/MMBTU.
iii. Price increase (escalation) has been set at 3% per
annum that is applied to virtually all of MedcoEnergi’s
gas sales contract.