For Natural Gas Sample Clauses

For Natural Gas. For every new reservoir of Natural Gas discovered in the period following the Effective Date which can be produced commercially, CONTRACTOR shall fulfil its obligation towards the supply of the domestic market as set out below: (a) Upon the discovery of a new reservoir of Natural Gas following the Effective Date, CONTRACTOR shall notify GOI regarding such discovery; (b) Following such notification as stipulated in paragraph (a) above the Parties shall agree on the quantity of proven reserves of Natural Gas of such discovered reserves in the Contract Area; (c) Within the period of one (1) Year following agreement by the Parties on the quantity of proven reserves as stipulated in paragraph (b) above, GOI shall give the opportunity for domestic buyer to purchase such Natural Gas as calculated in Sub-section 5.2.20 (ii)(g); (d) Not later than *** following the expiration of *** period stipulated in paragraph (c) above, GOI shall notify CONTRACTOR concerning the condition of domestic market demand; (e) In case that in the period as stipulated in paragraph (d) above, GOI notifies CONTRACTOR of the existence of potential domestic gas buyer, CONTRACTOR shall enter into negotiations with such potential domestic gas buyer for the sale of gas to satisfy the domestic market obligation stipulated in this Sub-section 5.2.20; (f) In case that in the period as stipulated in paragraph (d) above GOI does not notify CONTRACTOR of the existence of potential domestic gas buyer or the negotiation as stipulated in paragraph (e) above fail, CONTRACTOR shall request the approval of GOI to market and sell the domestic market such quantity of Natural Gas in the international market; (g) The quantity of Natural Gas which CONTRACTOR shall be obligated to supply for the consumption of domestic market shall be calculated as follows: (i) computing twenty five percent (25%) of the quantity of Natural Gas proven reserves in the newly discovered reservoir in the Contract Area. (ii) multiply the amount stipulated in (i) with the percentage of CONTRACTOR’s entitlement provided under Sub-section 6.3.3 of Section VI hereof. CONTRACTOR shall not be obligated to transport such Natural Gas beyond the Point of Delivery but upon request of SKK MIGAS, CONTRACTOR shall assist in arranging transportation and such assistance shall be without costs or risk to CONTRACTOR, including incurred tax(es);
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For Natural Gas. This fee will be due starting on the fifth year after starting production in the oil field, as evidenced in the resolution of approval issued by the competent authority and provided the following conditions are met: · For natural gas destined for exports: This fee will be caused in the event that the average price for the calendar month of production of Natural Gas “U.S. Gulf Coast ▇▇▇▇▇ Hub” marker is above the Po Base Price. · For natural gas destined for internal use: In the event its price is regulated by the Comisión de Regulación de Energía y Gas — ▇▇▇▇ — or the agency acting on its behalf, THE CONTRACTOR will pay no High Price Fees to the ▇▇▇; otherwise, the parties will agree the natural gas marker reflecting internal market conditions and Po value, which must be equivalent to the regulated price and will sign the corresponding agreement. All values corresponding to the economic rights referred to in this Annex, with the exception of the Po base Price corresponding to the regulated Price for gas for domestic use, will be adjusted annually as of January 1st of each year, applying the following formula: Po = Po(n-1) x (1+I(n-2)) Where n is the calendar year starting and for which the estimate is being made. n-1 is the calendar year immediately preceding the year starting. n-2 is the calendar year immediately preceding n-1. Po(n-1) is the value of Po for the new year as a result of the formula and to the nearest two decimal points. In-2) is the annual variation expressed as a fraction of the US producer price index during the Calendar Year, as published by the US Department of Labor - PPI Finished Goods WPUSOP 3000- between the end of calendar year n-2 and the index corresponding to the end of the year immediately preceding n-2 to the nearest four (4) decimal points. The calculation mentioned above will be made in December of each Year and will apply to the following calendar year. Paragraph: if the price of the marker crude oil “West Texas Intermediate” or of the natural gas marker “US Gulf Coast ▇▇▇▇▇ Hub” (P) were to lose recognition as international marker price, ANH will select a new marker crude oil or natural gas marker to be used, and will modify the table based on the new index, maintaining equivalencies with the Po values for the marker crude oil “West Texas Intermediate” or for the Natural Gas marker “US Gulf Coast ▇▇▇▇▇ Hub”. ▇▇▇ may request Contractor in writing to pay this fee to ▇▇▇ in kind or in cash. In the event that ▇▇▇ decides to c...
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For Natural Gas. Five years after the beginning of the exploitation of the field, as recorded in the approval resolution issued by the competent authority, and in the event the price of the benchmark natural gas “US Gulf Coast ▇▇▇▇▇ Hub” tops the base price Po, THE CONTRACTOR shall pay the ▇▇▇ an amount nominated in United States Dollars, per month in arrears, payable within the 30 calendar days following each due date. The amount payable for such right per each Area of Exploitation shall be the one resulting from the application of the following formula: Where:
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Related to For Natural Gas

  • Natural Gas 21.1 Subject to Article 21.2, the Indian domestic market shall have the first call on the utilisation of Natural Gas discovered and produced from the Contract Area. Accordingly, any proposal by the Contractor relating to Discovery and production of Natural Gas from the Contract Area shall be made in the context of the Government's policy for the utilisation of Natural Gas and shall take into account the objectives of the Government to develop its resources in the most efficient manner and to promote conservation measures. 21.2 The Contractor shall have the right to use Natural Gas produced from the Contract Area for the purpose of Petroleum Operations including reinjection for pressure maintenance in Oil Fields, gas lifting and captive power generation required for Petroleum Operations. 21.3 For the purpose of sales in the domestic market pursuant to this Article 21, the Contractor shall have freedom to market the Gas and sell its entitlement.

  • Electric Storage Resources Developer interconnecting an electric storage resource shall establish an operating range in Appendix C of its LGIA that specifies a minimum state of charge and a maximum state of charge between which the electric storage resource will be required to provide primary frequency response consistent with the conditions set forth in Articles 9.5.5, 9.5.5.1, 9.5.5.2, and 9.5.5.3 of this Agreement. Appendix C shall specify whether the operating range is static or dynamic, and shall consider (1) the expected magnitude of frequency deviations in the interconnection; (2) the expected duration that system frequency will remain outside of the deadband parameter in the interconnection; (3) the expected incidence of frequency deviations outside of the deadband parameter in the interconnection; (4) the physical capabilities of the electric storage resource; (5) operational limitations of the electric storage resources due to manufacturer specification; and (6) any other relevant factors agreed to by the NYISO, Connecting Transmission Owner, and Developer. If the operating range is dynamic, then Appendix C must establish how frequently the operating range will be reevaluated and the factors that may be considered during its reevaluation. Developer’s electric storage resource is required to provide timely and sustained primary frequency response consistent with Article 9.5.5.2 of this Agreement when it is online and dispatched to inject electricity to the New York State Transmission System and/or receive electricity from the New York State Transmission System. This excludes circumstances when the electric storage resource is not dispatched to inject electricity to the New York State Transmission System and/or dispatched to receive electricity from the New York State Transmission System. If Developer’s electric storage resource is charging at the time of a frequency deviation outside of its deadband parameter, it is to increase (for over-frequency deviations) or decrease (for under-frequency deviations) the rate at which it is charging in accordance with its droop parameter. Developer’s electric storage resource is not required to change from charging to discharging, or vice versa, unless the response necessitated by the droop and deadband settings requires it to do so and it is technically capable of making such a transition.

  • Energy Cooperation shall focus on: (a) renewable energy; (b) promoting the saving of energy; (c) applied research relating to networks of databases linking the two Parties' economic and social operators; (d) backing efforts to modernise and develop energy networks and the interconnection of such networks with Community networks.

  • SHIPPING AND AIR TRANSPORT 1. Profits of an enterprise of a Contracting State from the operation of ships or aircraft in international traffic shall be taxable only in that State. 2. The provisions of paragraph 1 shall also apply to profits from the participation in a pool, a joint business or an international operating agency.

  • Gas If Customer has selected a Gas Fixed Rate, Customer’s Price will be based on the Fixed Rate(s), plus the Administration Charge, set forth in the Application, which includes RITERATE ENERGY’s compressor fuel and transportation charges, administrative and transaction costs and the Gas Balancing Amount and any Regulatory Charges (defined below).