03796nam a2200397 4500 20260817162958.0 th eng .b11700191 AIT Thesis no.ET-97-37 Todoc, Monaliza J. Application of the netback methodology in natural gas pricing : the case of the Philippines Bangkok : Asian Institute of Technology, 1997 70 leaves + 1 online resource Thesis ; no. ET-97-37 A thesis submitted in partial fulfillment of the requirements for the degree of Master of Science Thesis (M.Sc.) - Asian Institute of Technology, 1997 The discovery of natural gas in Camago/Malampaya, Palawan, in the Philippines has provided a big boost to the energy self-sufficiency targets of the country. However, as a new industry, natural gas development must confront a number of issues. Topping the list is the agreed price between the producer and buyer of natural gas. In fact, negotiations have dragged for three years ago, and the result is still in the process of being finalized. This study have tried to calculate the natural gas price at the point of sale of the Camago/Malampaya using the netback methodology. Considering all the limitations of the cost data, the study have also attempted to estimate the cost-based price of natural gas. This is to determine the gas price ranges: the netback as the upper limit price and the cost-based as the lower limit price. To calculate the netback value in power generation, two prototype power systems were optimized: one including gas and another without given quantities of gas. The WASP model was used to generate the least cost expansion plans, which were compared to determine the netback value of gas in power generation. The marginal cost of gas, on the other hand, was estimated using the average incremental cost approach. Moreover, the depletion premium, which represents the opportunity cost of using gas now rather than in the future, was calculated and then added. to the marginal cost of gas to obtain the cost-based price of natural gas. The result of the netback valuation and the cost-based estimation showed that at 12 percent discount rate, the prices of gas are $4.64/MMBTU and $3.93/MMBTU, respectively. The sensitivity analysis using a 10 percent discount rate resulted in a lower gas prices for both of the approaches mentioned. Comparing these with the actual initially agreed prices shows that the latter are within the range of the former, indicating the reliability of the methodologies in calculating the price of natural gas. The results of the study also confirms the sensitivity of natural gas prices to the discount rate. Natural gas Philippines Prices Pacudan, Romeo B., Chairperson Lefevre, Thierry, Examination Committee Malik, Arif Saeed, Examination committee Giap, Van Dang, Examination committee Government of France, Scholarship donor Asian Institute of Technology. Thesis ; no. ET-97-37 Full-Text http://203.159.5.9/ait-thesis/detail.php?q=B13746 .b11700191 mnait y 240403 0 980410 m a y 0 mnait mnarc 22 40 Barcode : 30050120713143 CREATED : 2014-04-02 RECORD # : i12756714 LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 0 TOT CHKOUT : 0 TOT RENEW : 0 Barcode : 30050120366025 CREATED : 2016-06-14 RECORD # : i13036282 LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 0 TOT CHKOUT : 0 TOT RENEW : 0 6900 6900 0 0 0 0 MAIN MAIN mnait 2026-08-17 50.00 0 AIT Thesis no.ET-97-37 30050120713143 2026-08-17 16:29:58 3 2026-08-17 22 0 0 0 0 MAIN MAIN mnarc 2026-08-17 0 AIT Thesis no.ET-97-37 30050120366025 2026-08-17 16:29:58 2026-08-17 40