Gas Storage Agreement definition

Gas Storage Agreement means a contract entered into between a person and the Facility Operator, pursuant to which a person is entitled to utilise the Facility for the injection, storage and delivery of Natural Gas, (as amended, supplemented, assigned or novated from time to time);
Sample 1Sample 2Sample 3
Gas Storage Agreement means an Agreement on Access to Storage Facility and Gas Storage pursuant to Section 47 (6) of the Energy Act, whereby the SSO agrees, subject to the conditions set out in valid and effective Rules of Operation of the SSO, to allocate to the gas market participant the agreed Storage Capacity and ensure gas storage throughout the term of the agreement, up to the level of the agreed Storage Capacity, and the gas market participant agrees to pay for the Storage Services and related services;
Sample 1Sample 2Sample 3
Gas Storage Agreement means the contract for access to the Storage Facility and storage of the gas pursuant to the legal regulations valid and effective on the territory of the SR, by which the SSO undertakes, after the conditions stipulated in the valid Rules of Operation of the SSO are met, to allocate to the gas market participant the agreed Storage Capacity and to secure storage of gas during the entire contractual period up to the level of the agreed Storage Capacity, and the gas market participant undertakes to pay for the storage and associated services;
Sample 1Sample 2

Examples of Gas Storage Agreement in a sentence

  • The Service Provider holds injection, withdrawal and/or storage space rights at the Facility pursuant to a Gas Storage Agreement with the Facility Operator.

  • Subject always to Clause 6.3(a), the Service Provider may interrupt any Withdrawal Nomination of the Customer on any Day and Hour in the Service Year where the Facility Operator has interrupted the Service Provider in accordance with the Gas Storage Agreement between the Facility Operator and the Service Provider, provided the Service Provider shall not be entitled to interrupt the Customer’s Withdrawal Nomination in respect of the withdrawals for any Day in a Run-off Period.


More Definitions of Gas Storage Agreement

Gas Storage Agreement has the meaning set out in Schedule 1;
Sample 1
Gas Storage Agreement means a contract or agreement referred to in section 54.1(5)(b) or (c) of the Act;
Sample 1
Gas Storage Agreement means the gas storage agreement, dated as of the Closing Date, setting forth general principles that will form the basis for future collaboration between the Borrower and the Seller pertaining to underground natural gas storage for production from certain Hydrocarbon Licenses, and in substantially the form set forth in Annexure D to the Acquisition Agreement.
Sample 1

Related to Gas Storage Agreement

  • Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

  • Retail charge agreement means an instrument prescribing the terms of a secured or unsecured retail installment transaction that may be made under the instrument from time to time and under the terms of which a time price differential is to be computed in relation to the buyer's unpaid balance from time to time.

  • Supply Agreement has the meaning set forth in Section 7.1.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III.