Gathering Fuel definition
Examples of Gathering Fuel in a sentence
If the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s), after subtracting Gathering Fuel and any Plant Fuel and Shrink, do not equal Shipper’s Scheduled Nomination(s), an “Imbalance” exists.
Whenever the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) is insufficient to support Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink, Shipper shall promptly increase its Daily delivery such that the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) equals as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink.
LMM shall give Shipper written notice of the Gathering Fuel percentage that will be in effect during the upcoming Month.
The total of such nomination(s) when combined with Gathering Fuel and Shrink shall not exceed the MDQ unless LMM otherwise consents in writing.
The Reduced Fee, where applicable in this Agreement, is the greater of *** ($***) or *** percent (***%) of the Gross Sale Price for each Mcf of Gas, as measured at the Delivery Point following deduction for Gathering Fuel, with no surcharges or fees.
Shipper’s Gathering Fuel will be calculated Monthly by LMM by allocating such quantities of actual Gathering System fuel requirements and lost or unaccounted for Gas among all shippers using the relevant portion of the Gathering System.
On a Monthly basis, LMM shall adjust the Gathering Fuel percentage to equal the actual use of Gathering Fuel in the preceding Month.
Whenever the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) exceeds Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink, Shipper shall promptly reduce its Daily delivery such that the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) equals as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink.
LMM shall calculate Shipper’s Gathering Fuel based upon actual usage and Shipper’s pro-rata share of all Gas Gathered through the relevant portion of the Gathering System.
LMM may retain and use Shipper’s Gathering Fuel as fuel for compression and other operations on the Gathering System.