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favored nation clause

A provision in a gas purchase contract between a purchaser and a producer which increases the price to be paid for natural gas if any producer in the same field receives a higher price for natural gas than the price stipulated in the contract.

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  • ส่วนหนึ่งของคำพูด: noun
  • อุตสาหกรรม/ขอบเขต: Energy
  • Category: Natural gas
  • Company: AGA

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