This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Puerto Rico Gas Prices and Sales Contracts
Category:
State:
Multi-State
Control #:
US-OG-799
Format:
Word;
Rich Text
Instant download
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How to fill out Gas Prices And Sales Contracts?
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FAQ
Puerto Rico's renewable resources include solar energy, wind energy, hydropower, and biomass. Under the Puerto Rico Energy Public Policy Act, PREPA must obtain 40% of its electricity supply from renewable resources by 2025, 60% by 2040, and 100% by 2050.
Fossil fuels provide about 97% of Puerto Rico's electricity. In fiscal year 2022 (July 2021 to June 2022), fossil fuel-fired power plants generated about 97% of Puerto Rico's electricity.
The prices are basically the same as here in the US mainland. The difference is that gas is sold by the liter, not the gallon. So whatever the prices is here (sorry, I rather not know or else I'll want to scream), divide it into 4, and you'll have an idea of the price in PR.
The reason gas is a little cheaper here is because the government buy crude oil instead of processed. We take the crude and convert it into gasoline in one of three processing plants here on the island.
The Virgin Islands was the main origin point for Puerto Rico's imports, with 3 million barrels of mostly fuel oil in the first quarter, followed by the Netherlands with 2.73 million barrels of mostly gasoline.
From July 2021 to June 2022, natural gas-fired power plants generated 43% of Puerto Rico's electricity, 97% of which is produced with fossil fuels.
Actually conversion is aproximately 3.5 L to the gallon rounding out at about 2.50 per gallon. The reason gas is a little cheaper here is because the government buy crude oil instead of processed. We take the crude and convert it into gasoline in one of three processing plants here on the island.
Petroleum accounts for about three-fifths of the energy consumed in Puerto Rico. The island imports all of its petroleum products, mostly through the port of San Juan, with minor shipments also arriving at the ports of Ponce, Guayanilla, and Yabucoa.
