Common use of Transfer of Natural Gas Clause in Contracts

Transfer of Natural Gas. Not later than 12.00 (CET) on the Gas Day, the Buyer will inform the Seller, if the Buyer utilizes its right to obtain the Natural Gas subjected to Individual Filling Requirements. The message must contain information about the quantity of Natural Gas which must be transferred not later than 06.00 (CET) on the following Gas Day. The Buyer may decide to transfer all of the Natural Gas sub- jected to Individual Filling Requirements or spilt it up in a series of transfers. A transfer of Natural Gas subjected to Individual Filling Requirements entails that the Seller's quantity of Natural Gas subjected to Individual Filling Require- ments is reduced by the Natural Gas quantities transferred. The transfer of Natural Gas subjected to Individual Filling Requirements must be carried out by the Seller and the Buyer using the online transfer facility availa- ble at Gas Storage Denmark’s website (Gas Storage Online).

Transfer of Natural Gas. Not later than 12.00 (CET) on the Gas Day, the Buyer will inform the Seller, if the Buyer utilizes its right to obtain the Natural Gas subjected to Individual Filling Requirements. The message must contain information about the quantity of Natural Gas which must be transferred not later than 06.00 (CET) on the following Gas Day. The Buyer may decide to transfer all of the Natural Gas sub- jected to Individual Filling Requirements or spilt it up in a series of transfers. A transfer of Natural Gas subjected to Individual Filling Requirements entails that the Seller's quantity of Natural Gas subjected to Individual Filling Require- ments is reduced by the Natural Gas quantities transferred. The transfer of Natural Gas subjected to Individual Filling Requirements must be carried out by the Seller and the Buyer using the online transfer facility availa- ble at Gas Storage Denmark’s website (Gas Storage OnlineDenmark Customer Portal).