Examples of Balancing Gas Contract in a sentence
For the avoidance of doubt nothing in this Section 2.2.3 shall be construed as preventing a party from participating in a tender process (in accordance with its terms) solely in respect of a Shrinkage Gas Contract or a Balancing Gas Contract.
Failure to take delivery of or make delivery of (as the case may be) Balancing Gas when requested constitutes grounds for termination of a Framework Member’s Balancing Gas Contract in accordance with the terms of the Balancing Gas Contract.
A Balancing Gas Contract shall be awarded following a competitive tender.
If a Balancing Gas Provider is unable to take delivery of or make delivery of (as the case may be) the full quantity of Balancing Gas requested by the relevant Procuring NI Network Operator in accordance with a Balancing Gas Contract, the Procuring NI Network Operators shall call on the next-ranked Balancing Gas Contract in the Ranked Order.
The relevant Procuring NI Network Operator will communicate with the relevant Balancing Gas Provider to request the purchase or sale of Balancing Gas on any given Gas Flow Day in accordance with the terms of its Balancing Gas Contract.
For the purposes of this Code, where Balancing Gas Services for the sale of Balancing Gas have been procured by means other than a Tender pursuant to section 5.2.7 of this Code, references to a Sell Provider shall include the Shipper which is party to such Balancing Gas Contract and references to Contract Sale Nomination and Contract Sale Quantity shall be construed accordingly.
Where Balancing Gas Services have been procured by means other than a Tender, for the purposes of this section 5.3 the Procuring NI Network Operators shall treat any such Balancing Gas Contract as though it has the last place in the Ranked Order including where the provisions of section 5.3.8 have been applied.
Where, pursuant to section 5.3.8, the Procuring NI Network Operators move a Balancing Gas Contract to the bottom of the Ranked Order, the relevant Procuring NI Network Operator will inform the relevant Framework Member accordingly.
All the rules and payments to be applied within the scope of the Balancing Gas Contract are determined within the framework of the provisions of the agreement to be signed between the Transporter and the Shipper.
Committees with open membership, meaning interested persons can join at any time.