Gas Account definition
Examples of Gas Account in a sentence
The Storage User acknowledges that the Priority Matrix may only ▇▇- ▇▇▇▇▇▇▇ a Working Gas Account as source for the withdrawal of Working Gas to a balancing group of the Receiving Network if the relevant withdrawal is permissible pursuant to Annex 1.
I.1 EKB shall establish one working gas account for Working Gas injected by the Storage User into the Storage Facility from the GTS System and two separate working gas ac- counts of the Storage User for each Adjacent Network in Germany (each a "Working Gas Account" or "WGA").
III.5 In addition to the total Forecast Working Gas Balance, EKB shall at each time it calcu- lates the Storage User's total Forecast Working Gas Balance also calculate a forecast balance for each Working Gas Account based on the same method as it calculates the total Forecast Working Gas Balance (each a "Forecast WGA Balance").
II.2 The Storage User is entitled to notify EKB via its Capacity Rights Account that a specified quantity of its Working Gas shall be transferred from a Rebate Working Gas Accounts to its Non-Rebate Working Gas Account of the same Adjacent Network if EKB has received a prior confirmation from the relevant Adjacent Network Operator that the Storage User (or the relevant third party shipper) has paid the applicable fee for such Working Gas transfer to the Adjacent Network Operator.
One of the two Working Gas Accounts for each Adjacent Network in Germany shall be used for Working Gas that is injected into the Storage Facility where such injection is allocated to a Standard Balancing Group in the Adja- cent Network (each a "Rebate Working Gas Account") and the other Working Gas Account shall be used for Working Gas injected into the Storage Facility where such injection is allocated to a Special Balancing Group (each a "Non-Rebate Working Gas Account").
The Agent and each Customer acknowledge and agree that there shall be established for each Pool an account to record the volumes of Gas Delivered and Gas Taken in respect of such Pool (each, a “Banked Gas Account”), and that the receipt and delivery information of each of the various Customers who, and the various Terminal Location(s) which, are associated with the relevant Pool shall be aggregated for the purposes of determining the balance of the Banked Gas Account of such Pool.
For purposes of this Section 2.8, and without in any way limiting any of the foregoing, the Agent shall be deemed to have a valid and appropriate letter or other document appointing the Agent as the authorized agent of a Customer upon the Agent submitting a Transaction Request in respect of a Customer or associating the Customer's Gas Account with a Pool.
I.1 EKB has established two separate working gas accounts of the Storage User for each Adjacent Network (each a "Working Gas Account" or "WGA").
The actual Banked Gas Account (BGA) balance at the end of each contract term should be as close to zero as possible.
III.5 The Storage User shall submit to EKB via its Capacity Rights Account a priority ma- trix for transfers of Working Gas to a Working Gas Account with an insufficient Fore- cast WGA Balance to enable the withdrawal of Working Gas from such Working Gas Account pursuant to § 0.