Common use of GAS OFFTAKE Clause in Contracts

GAS OFFTAKE. The Operator shall perform Gas Offtake (PG) up to: o 0.3% of all Unloaded Quantities at the Montoir terminal: PG= 0.3% x QD o 0.5% of all Unloaded Quantities at the Fos-Tonkin terminal: PG= 0.5% x QD This Offtake shall give rise to reciprocal monthly invoicing, for identical amounts, between the Shipper and the Operator in accordance with Article 33. For every Month M, the price corresponding to the value of the Gas Offtake (PPGm) shall be equal to the Gas Offtake for the Month (PGm) multiplied by PREF. PPGm = PGm x PREF euros where PREF is equal to the PEGAS Monthly Index for Month M, published by POWERNEXT SA for the PEG, expressed in EUR/MWh.

Appears in 2 contracts

Samples: Framework Contract for Access to LNG Terminal, Framework Contract for Access to LNG Terminal

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GAS OFFTAKE. The Operator shall perform Gas Offtake (PG) up to: o 0.30.5% of all Unloaded Quantities at the Montoir terminal: PG= 0.30.5% x QD o 0.50.4% of all Unloaded Quantities at the Fos-Tonkin terminal: PG= 0.50.4% x QD This Offtake shall give rise to reciprocal monthly invoicing, for identical amounts, between the Shipper and the Operator in accordance with Article 33. For every Month M, the price corresponding to the value of the Gas Offtake (PPGm) shall be equal to the Gas Offtake for the Month (PGm) multiplied by PREF. PPGm = PGm x PREF euros where PREF is equal to the PEGAS Monthly Index for Month M, published by POWERNEXT SA EEX for the PEG, expressed in EUR/MWh.

Appears in 1 contract

Samples: Framework Contract for Access to LNG Terminal

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GAS OFFTAKE. The Operator shall perform Gas Offtake (PG) up to: o 0.3% of all Unloaded Quantities at the Montoir terminal: PG= 0.3% x QD o 0.5% of all Unloaded Quantities at the Fos-Tonkin terminal: PG= 0.5% x QD This Offtake shall give rise to reciprocal monthly invoicing, for identical amounts, between the Shipper and the Operator in accordance with Article 33. For every Month M, the price corresponding to the value of the Gas Offtake (PPGm) shall be equal to the Gas Offtake for the Month (PGm) multiplied by PREF. PPGm = PGm x PREF euros where PREF is PREFis equal to the PEGAS Monthly Index for Month M, published by POWERNEXT SA for the PEG, expressed in EUR/MWh.

Appears in 1 contract

Samples: Framework Contract for Access to LNG Terminal

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