Common Contracts
1 similar Balancing Agreement contracts
Re: Agreement on balancing for separate sales from the Tamar reservoirBalancing Agreement • May 30th, 2021
Further to the provisions of Section 7.11.4(a)(6)(b) of the Partnership's periodic report for 2020, as released on March 17, 2021 (Ref. no. 2021-01-036588), regarding the signing by all of the partners in the Tamar project of an agreement on balancing with regard to separate sales of natural gas from the Tamar reservoir (the "Balancing Agreement"), the Partnership respectfully reports that the Competition Authority has referred the parties to the Balancing Agreement to carry out a self-assessment, and following completion of such assessment, the parties agreed on May 25, 2021 that no further approval is required from the Competition Authority and therefore, the Balancing Agreement took effect on May 11, 2021.
