Natural Gas Supply. In addition to meeting Natural Gas Marketing’s requirements, Natural Gas Supply also sells natural gas to wholesale customers (resellers) as well as to gas utilities and power generation facilities. Natural Gas Supply does not undertake discretionary trading, rather focuses on meeting wholesale supply commitments in a timely and cost effective manner.
Natural Gas Supply. Throughout the Initial Term, and as applicable, each Renewal Term, Sunoco shall supply to Haverhill and Haverhill shall accept from Sunoco, Natural Gas in accordance with the following provisions:
Natural Gas Supply. A primary role for the Natural Gas Supply group is to procure and deliver the supply needed for Marketing’s industrial and commercial customers. All of Natural Gas Marketing’s supply requirements are met by Natural Gas Supply. Xxxxxxx Operating Resources LLC Risk Management Policy Privileged and Confidential - 12/5/2011
Natural Gas Supply. The following is applicable for Natural Gas if and when it becomes available and if and when GPA so elects to supply Natural Gas to the Facility.
Natural Gas Supply. 51 17. [Not Used] ...................................................................................................................................... 53 18. [Not Used] ...................................................................................................................................... 53 19. Insurance ........................................................................................................................................ 53 20.
Natural Gas Supply. B.3.1. To arrange with Union Gas Ltd. for the scheduling of installation of underground services to and throughout the Development, and for the conveyance of lands or easements with respect to such installations, in accordance with terms, conditions, standards and specifications set out by the utility company. A certificate signed by a representative of the company acknowledging that the company's requirements have been met shall be supplied to the Town’s Manager of Operations.
Natural Gas Supply. 8.1 MarkWest will acquire the natural gas to be used in the operation of the SMR. MarkWest may purchase all or a portion of the natural gas under long-term agreements to provide supply reliability. However, MarkWest shall not enter into any natural gas contracts with a term longer than one (1) year without CITGO's prior written consent. Upon CITGO receiving a written request from MarkWest for CITGO's consent to any such contract, CITGO shall have fourteen (14) Days to respond. If CITGO does not respond within that fourteen (14) Day period, CITGO will be deemed to have provided its consent by acquiescence.
Natural Gas Supply. For the majority of the last decade, domestic production has been relatively flat and has failed to keep pace with domestic consumption. Over the past few years, however, domestic production has been growing, primarily due to increases in production from developing shale resource plays. According to EIA data during the two-year period from January 1, 2007 through December 31, 2008, domestic production of natural gas increased by an average of approximately 5% per year and estimates of proved natural gas reserves increased by an average of approximately 7.5% per year, in each case largely due to continued development of shale resources. Beginning in 2007, leasing and development activities increased in a number of new shale resource plays, which in 2009 caused the EIA to significantly increase its outlook for domestic natural gas production. Notably, the typical production profile for shale production is short lived with initial high levels of production and steep declines thereafter. For this reason, and because producing gas from shale formations is generally more complex and expensive than conventional onshore production, it is difficult to predict future shale resource production levels with certainty. In addition to the emergence of domestic shale plays as a significant supply source, over the past several years, the U.S. has developed significant infrastructure for the import of liquefied natural gas (“LNG”). In recent years, U.S. and Canadian LNG imports have averaged an aggregate of approximately 1 to 3 Bcf per day, while the total LNG import capacity of U.S. and Canadian infrastructure is approximately 16 Bcf per day. In addition, total worldwide liquefaction capacity for LNG has been increasing over the last several years and additional capacity is scheduled to come online over the next few years. For the foreseeable future, we believe there will be ample supplies of natural gas from a combination of domestic production, pipeline imports and waterborne imports of LNG. We also believe, however, that it is difficult to predict the extent to which domestic production from shale resources and LNG imports will increase or decrease and that this “source of supply uncertainty” adds an element of volatility to natural gas markets that will drive greater demand for storage services, especially from well-positioned, high performance facilities that can provide customers with access to both LNG imports and shale production. Description of Segments and Associ...
Natural Gas Supply. CNEG shall sell and supply, and Customer shall purchase and receive, the Contract Quantity for each Facility identified in a TC or Rider. “Contract Quantity” means the quantity of gas to be delivered and received pursuant to a TC. Such deliveries and receipts of natural gas shall be on a Firm, Secondary Firm or Interruptible basis, or otherwise as described in a TC. “Firm” means deliveries and receipts may not be interrupted without liability except for reasons of Force Majeure. “Secondary Firm” means deliveries and receipts will be on a commercially reasonable efforts basis up to Customer’s maximum daily quantity and performance may be interrupted without liability to the extent that one or more of the following conditions are present: (i) Force Majeure; (ii) curtailment by the local distribution company owning and/or controlling and maintaining the distribution system required for delivery of gas to the Facility(ies) (the “Utility”); (iii) curtailment of supply by a natural gas supplier; (iv) curtailment of storage by a storage provider; (v) curtailment of transportation by a gas gathering or pipeline company, or Utility (each a “Transporter”), transporting gas for CNEG or Customer downstream or upstream of the Delivery Point(s), including, but not limited to, transportation between secondary firm points; (vi) recall of transportation capacity release by its releaser; or (vii) curtailment of gas production behind a specific meter. “Interruptible” means deliveries and receipts may be interrupted at any time for any reason except for Customer’s obligation to take and pay for gas it nominates and CNEG’s obligation to honor the price set forth in the TC. The terms of any Transaction between CNEG and Customer shall be as set forth on the applicable TC, but CNEG will procure gas from its suppliers on terms CNEG deems appropriate. CNEG holds title to the gas and has the sole responsibility to deliver, or cause to be delivered, the natural gas to the applicable Delivery Point. Title shall pass to Customer at the Delivery Point and Customer shall have the sole responsibility for transporting the gas from the Delivery Point. “Delivery Point” means the city gate interconnection between the Utility and the upstream Transporter or such other delivery point(s) as are agreed in a TC. However, to the extent that Customer owned transportation capacity is used to deliver natural gas to the Customer, the Delivery Point shall be the receipt point of such capacity.
Natural Gas Supply
