Examples of Gas Sales Agreement in a sentence
Commodity prices for petroleum and natural gas are affected by the international economy that governs the level of supply and demand.The Company has reduced the risk of changing natural gas prices by signing an Amended Gas Sales Agreement with SOCAR, effective April 1, 2017, which fixed the natural gas price at $2.69/mcf until December 31, 2021.
The appendix contains a sample Engineering Service Agreement and Gas Sales Agreement (Interconnect Agreement).
Within thirty (30) days after the date of Commercial Oil Discovery or within thirty (30) days after signature of a Gas Sales Agreement or commencement of a scheme to dispose of Gas (unless otherwise agreed upon by EGPC and CONTRACTOR), the Charter shall take effect and Operating Company shall automatically come into existence without any further procedures.
Thereafter, EGPC and CONTRACTOR shall meet with a view to assessing whether the outlets for such Gas and other relevant factors warrant the development and production of the Gas and in case of agreement the Gas thus made available shall be disposed of to EGPC under a long-term Gas Sales Agreement in accordance with and subject to the conditions set forth in Article VII .
In some cases I have had to turn down papers and even recommend that they are published in other (rival?) more academic journals.