Natural Gas Supply Sample Clauses
The Natural Gas Supply clause defines the terms and conditions under which natural gas is provided from a supplier to a buyer. It typically outlines the quantity, quality, delivery points, and timing of gas deliveries, as well as the responsibilities of each party regarding transportation and risk of loss. This clause ensures both parties have a clear understanding of their obligations and helps prevent disputes by specifying how and when natural gas will be supplied.
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. 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. 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. Privileged and Confidential - 12/5/2011
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.
8.2 On or before the 15th Day of each Month, CITGO will provide MarkWest a nomination of the quantity of Hydrogen (the "Nominated Quantity") that CITGO anticipates will approximately match its Request Rate for the following Month. The Nominated Quantity will be used to determine the quantity of natural gas that will be required by MarkWest to produce Hydrogen to meet the anticipated Request Rates during the following Month.
8.3 In the event a variance arises between natural gas volumes purchased to meet CITGO's Nominated Quantity and the actual amount of natural gas sourced to meet CITGO's Request Rates, any gain or loss on the resale of the excess natural gas purchases, or imbalance penalties imposed by natural gas suppliers, as a result of such variance shall be included in the NGP calculation.
8.4 Notwithstanding anything to the contrary herein, CITGO retains the option to purchase all the natural gas to supply the SMR, with MarkWest's consent which consent shall not be unreasonably withheld ("Natural Gas Purchase Option"). If CITGO elects to exercise the Natural Gas Purchase Option, CITGO shall arrange for and pay for the purchase and delivery, including all necessary transportation, to the SMR, and MarkWest shall purchase the natural gas from CITGO at CITGO's actual purchase price. MarkWest shall cooperate and assist CITGO in facilitating the delivery of the natural gas to the SMR, and MarkWest shall not charge CITGO any costs or expenses in connection with such delivery, nor will MarkWest bear any connection costs or expenses related to the connection of facilities for such deliveries. If CITGO exercises the Natural Gas Purchase Option, and CITGO so provides the natural gas required to supply the SMR at the Request Rate, then any gains or losses on the resale of excess natural gas, or any imbalance penalties imposed on the natural gas supplies to CI...
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. 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
Natural Gas Supply