Upstream Pipeline Transportation; Gas Supply Sample Clauses

Upstream Pipeline Transportation; Gas Supply. 7.2.1. Buyer shall be responsible for procurement of all Gas supply necessary to produce the Base ACQ and the sale and delivery of such Gas to FLNG at Huntingdon. Buyer shall notify Seller within five (5) Business Days after executing an Energy Management Agreement with the Energy Manager. In the event that, despite its commercially reasonable efforts Buyer has not executed an Energy Management Agreement or received all Approvals necessary to make such Energy Management Agreement fully effective by the date that is one hundred eighty (180) Days before the expected Commercial Start Date, Buyer may notify Seller that it desires FLNG to provide such energy management services and procure Gas on Buyer’s behalf for a period of time (up to and including for the remainder of the Term of this Agreement) to be set forth in Buyer’s notice. Upon receipt of Buyer’s notice, Seller shall cause FLNG to provide Buyer, no later than one hundred twenty (120) Days after Buyer’s notice, a draft agreement containing the terms and conditions under which FLNG is willing and able to provide such energy management services, including an energy management fee to be determined by FLNG (“FLNG EMA”). If Buyer accepts the terms set forth in the FLNG EMA, Buyer shall execute the FLNG EMA no later than fifteen (15) Days following Buyer’s receipt of the draft FLNG EMA and Seller shall cause FLNG to execute the FLNG EMA promptly thereafter. If during the Term, Buyer amends the Energy Management Agreement in accordance with its terms, executes a new Energy Management Agreement with a different Energy Manager, or elects to provide the energy management services itself such that Buyer will supply Gas to FLNG, Buyer shall notify Seller within five (5) Business Days of such change, and within thirty (30) Days thereafter, Seller shall cause FLNG to either execute a new Gas Supply Agreement pursuant to Section 7.2.5 or, at FLNG’s election, if FLNG has an existing gas supply agreement with the new Energy Manager, to amend such gas supply agreement to the extent necessary to conform with the terms of Section 7.2.5. If an existing Energy Management Agreement terminates or expires, then upon the request of Buyer, Seller shall cause FLNG (or FEI, as applicable) to (i) request that BC Hydro consent to a reduction or suspension of service under the BC Hydro Electric Agreement commensurate with the electricity demand necessary to produce LNG sold to Buyer hereunder, if necessary, until a replacement Ener...
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Related to Upstream Pipeline Transportation; Gas Supply

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