Common use of MARKETING OF RELEASABLE CAPACITY Clause in Contracts

MARKETING OF RELEASABLE CAPACITY. A. In the event that a Shipper, via a subscription or a transfer of capacity from another shipper under Clause 8 of Section B, obtained more than twenty per cent (20%) of marketable annual Firm Capacity on the points detailed in the table below, a fraction R of the share of the capacity it holds above that twenty per cent (20%) of marketable annual Firm Capacity shall be converted into Releasable Capacity. When the Shipper, under Clause 8 of Section B, transfers a share of the annual Firm Capacity it holds, the share of its capacity converted into Releasable Capacity is recalculated accordingly. However, the capacity already released is not affected by this. Fraction R of Releasable Capacity is defined in the table below: R 20% 20% 0% 15% B. The Shipper’s Releasable Capacity is released at the request of GRTgaz, month by month, partially or totally, only if no more or not enough Firm Capacity is available. The Shipper undertakes to release at any time at the request of GRTgaz all or part of each releasable Daily Entry Capacity at the Network Interconnection Point, as described in Appendix 2 to the Contract. C. Releasable Capacity may only be released for the benefit of another shipper that has subscribed capacity for one or several complete year(s) and only if the capacity it holds is strictly less than twenty per cent (20%) of total annual Firm Capacity after this release is applied. D. If, at a given point, several shippers hold Releasable Capacity, the capacity actually released is deducted in proportion to each shipper’s Releasable Capacity. E. The release of all or a part of the Releasable Capacity does not give rise to a new conversion of annual Firm Capacity into Releasable Capacity.

MARKETING OF RELEASABLE CAPACITY. A. In the event that a Shipper, via a subscription or a transfer of capacity from another shipper under Clause 8 9 of Section B, obtained more than twenty per cent (20%) of marketable annual Firm Capacity on the points detailed in the table below, a fraction R of the share of the capacity it holds above that twenty per cent (20%) of marketable annual Firm Capacity shall be converted into Releasable Capacity. When the Shipper, under Clause 8 9 of Section B, transfers a share of the annual Firm Capacity it holds, the share of its capacity converted into Releasable Capacity is recalculated accordingly. However, the capacity already released is not affected by this. Fraction R of Releasable Capacity is defined in the table below: R 20% 200% 0% 15% B. The Shippershipper’s Releasable Capacity is released at the request of GRTgaz, month by month, partially or totally, only if no more or not enough Firm Capacity is available. The Shipper undertakes to release at any time at the request of GRTgaz all or part of each releasable Daily Entry Capacity at the Network Interconnection Point, as described in Appendix 2 to the Contract. C. Releasable Capacity may only be released for the benefit of another shipper that has subscribed capacity for one or several complete year(s) and only if the capacity it holds is strictly less than twenty per cent (20%) of total annual Firm Capacity after this release is applied. D. If, at a given point, several shippers hold Releasable Capacity, the capacity actually released is deducted in proportion to each shipper’s Releasable Capacity. E. The release of all or a part of the Releasable Capacity does not give rise to a new conversion of annual Firm Capacity into Releasable Capacity.

MARKETING OF RELEASABLE CAPACITY. A. In the event that a the Shipper, via a subscription or a transfer of capacity from another shipper under Clause 8 of Section B, should have obtained more than twenty per cent percent (20%) of marketable annual Firm Capacity on the points detailed in the table below, a fraction R of the share of the capacity it holds above that twenty per cent percent (20%) of marketable annual Firm Capacity shall be converted into Releasable Capacity. When the Shippera shipper, under Clause 8 of Section B, transfers a share of the annual Firm Capacity it holds, the share of its capacity converted into Releasable Capacity is recalculated accordingly. However, the capacity already released is not affected by this. Fraction The share R of Releasable Capacity is defined in the table below: R 20% 20% 0% 15% B. The Shipper’s Releasable Capacity is released released, at the request of GRTgaz, month by month, partially or totally, only if no more or not enough Firm Capacity is available. The Shipper undertakes to release release, at any time time, at the request of GRTgaz GRTgaz, all or part of each releasable Daily Entry Capacity at the Network Interconnection Point, as described in the Appendix 2 to of the Contract. C. Releasable Capacity may only be released for the benefit of another shipper that has subscribed capacity for one or several complete year(s) and only if the capacity it holds is strictly less than twenty per cent percent (20%) of total annual Firm Capacity after this release is applied. D. If, If at a given point, several shippers hold Releasable Capacity, the capacity actually released is deducted in proportion to each shipper’s Releasable Capacity. E. The release of all or a part of the Releasable Capacity does not give rise to a new conversion of annual Firm Capacity into Releasable Capacity.

MARKETING OF RELEASABLE CAPACITY. A. In the event that a the Shipper, via a subscription or a transfer of capacity from another shipper under Clause 8 of Section B, should have obtained more than twenty per cent percent (20%) of marketable annual Firm Capacity on the points detailed in the table below, a fraction R of the share of the capacity it holds above that twenty per cent percent (20%) of marketable annual Firm Capacity shall be converted into Releasable Capacity. When the Shippera shipper, under Clause 8 of Section B, transfers a share of the annual Firm Capacity it holds, the share of its capacity converted into Releasable Capacity is recalculated accordingly. However, the capacity already released is not affected by this. Fraction The share R of Releasable Capacity is defined in the table below: R 20% 20% 0% 15% B. The Shipper’s Releasable Capacity is released released, at the request of GRTgaz, month by month, partially or totally, only if no more or not enough Firm Capacity is available. The Shipper undertakes to release release, at any time time, at the request of GRTgaz GRTgaz, all or part of each releasable Daily Entry Capacity at the Network Interconnection Point, as described in the Appendix 2 to of the Contract. C. Releasable Capacity may only be released for the benefit of another shipper that has subscribed capacity for one or several complete year(s) and only if the capacity it holds is strictly less than twenty per cent percent (20%) of total annual Firm Capacity after this release is applied. D. If, If at a given point, several shippers hold Releasable Capacity, the capacity actually released is deducted in proportion to each shipper’s Releasable Capacity. E. At the shippers’ request, the released capacity can be offset by Interruptible Capacity, provided such capacity is available. F. The release of all or a part of the Releasable Capacity does not give rise to a new conversion of annual Firm Capacity into Releasable Capacity. G. Releasable Capacity over a period of one (1), two (2), three (3) or for (4) years is marketed on the following basis:  Releasable Capacity is divided into three (3) equal portions marketed respectively over a period of four (4) years, over a period of three (3) years and over a period of two (2) years.