Common use of Net Gas Requirement Clause in Contracts

Net Gas Requirement. The total quantity of net Natural Gas required to be supplied and delivered out of proved recoverable reserves of Natural Gas in East Kalimantan for liquefaction and sale as LNG under the MOA is estimated to be .3243 trillion standard cubic feet ("t.s.c.f."). Such quantity is herein referred to as the "MOA Net Gas Requirement". The MOA Net Gas Requirement is based on the Fixed Quantities which Buyer has committed to purchase pursuant to the terms of the MOA.

Net Gas Requirement. The total quantity of net Natural Gas required to be supplied and delivered out of proved recoverable reserves of Natural Gas in East Kalimantan for liquefaction and sale as LNG under the MOA is estimated to be .3243 0.0482 trillion standard cubic feet ("t.s.c.f."). Such quantity is herein referred to as the "MOA Net Gas Requirement". The MOA Net Gas Requirement is based on the Fixed Quantities which Buyer has committed to purchase pursuant to the terms of the MOA.