Hydrocarbons Act definition

Hydrocarbons Act means the Ley 34/1998, of 7 of October del Sector de Hidrobcarburos (Hydrocarbons' Sector Act) as amended from time to time; 8.1.5. “Liquefied Natural Gas” or “LNG” means Natural Gas in a liquid state at or below its boiling point and at or near a pressure of approximately one (1) atmosphere absolute. 8.1.6. “Negative Imbalance Price”” means the price, as defined in Article 8.7 of the Balancing Circular, that would have been chargeable in respect of a Day by the Network Operator under the Master Agreement to a User with a negative daily imbalance, assuming the User has a tolerance in the Balancing Zone, as applicable, of zero per cent; 8.1.7. “Positive Imbalance Price” means the price, as defined in Article 8.7 of the Balancing Circular, that would have been payable in respect of a Day by the Relevant Network Operator under the Master Agreement to a User with a positive daily imbalance, assuming the User has a tolerance in the Balancing Zone, as applicable, of zero per cent and that the User has not booked a Self-Generated Additional Capacity Contract; con las Transacciones TVB también se compensarán unos con otros, pero salvo que así se acuerde y se refleje en la Parte II de este Apéndice TVB, los pagos en relación con los Contratos Individuales de Gas Natural no se compensarán con los pagos en relación con las Transacciones TVB.” 8. Anexo 1 – Términos Definidos A efectos de las Transacciones TVB, el Anexo 1 del Acuerdo General será modificado como sigue: 8.1 insertando las definiciones siguientes: 8.1.1. “Circular de Balance” significa la Circular 2/2020, de 9 de enero, de la Comisión Nacional de los Mercados y la Competencia, por la que se establecen las normas de balance de gas natural, según sea modificada o reemplazada de vez en cuando; 8.1.2. “Área de Balance” designa el área de balance dentro del TVB o Tranque Virtual de Balance de Enagás GTS; 8.1.3. “Enagás GTS” significa Enagás GTS, SAU o cualquier sucesor; 8.1.4. “Ley de Hidrocarburos” significa xx Xxx 34/1998, de 7 de octubre, del Sector de Hidrobcarburos, según sea modificada de vez en cuando; 8.1.5. "Gas Natural Licuado" o "GNL" significa gas natural en estado líquido en o por debajo de su punto de ebullición y a una presión de aproximadamente una (1) atmósfera absoluta. 8.1.6. “Precio de Balance Negativo” significa el precio, tal y como se define en el Artículo 8.7 de la Circular de Balance, que habría sido exigible respecto de un Día por el Operador de Red bajo el Contrato Xxxxx a un Usuari...
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Hydrocarbons Act means the Ley 34/1998, of 7 of October del Sector de Hidrobcarburos (Hydrocarbons' Sector Act), as amended from time to time; 9.1.4 “MS-ATR”: means secondary market platform within the SL-ATR. 9.1.5 "Network Operator" shall mean Enagás GTS SAU or its successors as operator of the national transportation gas network in Spain; 9.1.6. “NGTS” means Normas de Gestión Técnica del Sistema (System Technical Operation Network Code), as set out in Orden ITC/3126/2005, of 5 October, as amended from time to time; 9.1.7 “SL-ATR” means Sistema Logístico de Acceso de Terceros a la Red (Logistic System for Third Party Access to the Network), set out in the NGTS, which is the communication electronic system operated by the Network Operator; 9.1.8 “Time Limit” means time limit set out in the NGTS to nominate or renominate in the SL-ATR; 9.1.9 “Unit Value(s)” means the various monetary values agreed on an individual basis from time to time by the Parties for the purposes of § 8.1 (Underdelivery ), § 8.2 (Under Acceptance), § 8.3 (Overdelivery) and § 8.4 (Over Acceptance) of the General Agreement and expressed either as a percentage of the Contract Price or as a Euro/kWh amount; 9.2 by the amendment of the following definitions: 9.2.1 "Taxes" means any tax, levy, impost, duty, charge, assessment, royalty, tariff, fee, regulated toll, loss or charge (peajes, mermas y cánones regulados) of any nature (including interest, penalties and additions thereto) that is imposed by any government, ministry, national regulator or other taxing authority in respect of any payment, nomination and allocation under any Individual Contract, on Natural Gas, or on the sale, transportation or supply of Natural Gas. For the avoidance of doubt Tax shall exclude (i) any tax on net income or net wealth; (ii) any tax on income derived from the exploration or exploitation of Natural Gas fields; (iii) a stamp, registration, documentation or similar tax, and (iv) VAT; and 9.1.2. “Transacción AOC” tiene el significado establecido en la Cláusula 2 de este Apéndice AOC; 9.1.3. “Ley de Hidrocarburos” significa xx Xxx 34/1998, de 7 de octubre, del Sector de Hidrobcarburos, según sea modificada de vez en cuando; 9.1.4 “MS-ATR”: significa plataforma del xxxxxxx secundario que se encuentra dentro del SL-ATR. 9.1.5 "Operador de la Red" significa Enagás GTS SAU, o sus sucesores, como Operador de la Red del sistema nacional de transporte de gas en España; 9.1.6. “NGTS” significa Normas de Gestión Técnica del Sistema...
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Hydrocarbons Act means the Ley 34/1998, of 7 of October del Sector de Hidrobcarburos (Hydrocarbons' Sector Act) as amended;
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Examples of Hydrocarbons Act in a sentence

  • LAWRENCE LOWLANDS PERMITS Squatex with its partners do not foresee short-term field exploration activities on its Lowland permits since the new Hydrocarbons Act and regulations came into force in September 2018.

  • The representatives of this National Office explained to the company that when they decide to assign the rights, they must request authorization from the Ministry of Energy and Mines; otherwise, any participation of City Investing Company in the current contract would be null and void, as stipulated by Executive Decree No. 809 that issued the Regulations for Article 79 of the Hydrocarbons Act, published in Official Gazette No. 197 of May 31, 1985.

  • Major expenses incurred in the donor system, the Cobourg DWS, are listed in the Cobourg Drinking Water System 2020 Annual Summary Report.

  • Article 28 of the Hydrocarbons Act states that “[t]he holders of prospecting licenses or exploration and production licenses will be liable for damages under this Act for any loss or damage caused by hydrocarbon activity, including environmental damage, regardless of whether the loss or damage was caused by culpable conduct or not”.

  • In the hydrocarbon sector, free, prior and informed consent is regulated by the Hydrocarbons Act (No. 3058) of 17 May 2005108 (see annex 73) and by Supreme Decree No. 29033 of 16 February 2007, as amended, supplemented and extended by Supreme Decree Nos.

  • The Government is to exercise the powers provided for in the Hydrocarbons Act with regard to such activities.

  • Note on section A.10 With regard to the legal restrictions on the purchase or sale of shares in the capital, under Supplementary Provision 11th to the Hydrocarbons Act 34/1998, as drafted in Royal Decree-Law 4/2006 of February 24, prior administrative authorisation by the Comisión Nacional de Energía must be sought for certain acquisitions or investments in companies that engage in regulated activities or activities subject to significant oversight by administrative bodies that implies special regulation.

  • Subsidiaries carrying out regulated activities are excluded pursuant to the provisions of the Electricity Industry Act ( Ley del Sector Eléctrico) and the Hydrocarbons Act (Ley de Hidrocarburos).

  • In 1943, a new Hydrocarbons Act was adopted, giving the State fuller participation in oil production.

  • Under article 2 of Act No. 34/1998 of 7 October 1998, the Hydrocarbons Act, hydrocarbon deposits and underground stores existing on State territory and in the territorial sub sea and sea depths which are under the sovereignty of the Kingdom of Spain are deemed to be public property belonging to the State, pursuant to the current legislation in force and the international treaties and conventions to which Spain is a party.


More Definitions of Hydrocarbons Act

Hydrocarbons Act means the Ley 34/1998, of 7 of October del Sector de Hidrobcarburos (Hydrocarbons' Sector Act) as amended from time to time;
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Related to Hydrocarbons Act

  • Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.

  • Gas Act means the Belgian Gas Law concerning the transportation of gaseous and other substances by pipeline of 12 April 1965, as amended from time to time.

  • Hydrocarbon means a compound consisting of hydrogen and carbon, which, when naturally occurring, may also contain other elements such as sulphur;

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Petroleum Act means the Petroleum and Geothermal Energy Resources Act 1967 (WA).

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Electricity Act means the Electricity Act, 1998, S.O. 1998, c. 15, Schedule A;

  • WHS Act means the Work Health and Safety (National Uniform Legislation) Act 2011 (NT) and includes subordinate legislation made under that Act including regulations and approved codes of practice as well as any amendment, re-enactment or replacement of such Act ; and

  • Controlled Substances Act means the Controlled Substances Act (21 U.S.C. Sections 801 et seq.), as amended from time to time, and any successor statute.

  • PPS Act means the Personal Property Securities Act 2009 (Cth).

  • OHS Act means the Occupational Health and Safety Act 2004;

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Oil and Gas Hedging Contracts means any oil and gas purchase or hedging agreement, and other agreement or arrangement, in each case, that is designed to provide protection against oil and gas price fluctuations.

  • Cannabis Act means An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16, as amended from time to time.

  • Petroleum Substances means petroleum, natural gas, natural gas liquids, related hydrocarbons and any and all other substances, whether liquid, solid or gaseous, whether hydrocarbons or not, produced or producible in association with any of the foregoing.

  • Mining Act means the Mining Xxx 0000;

  • Hydrofluorocarbons means compounds that only contain hydrogen, fluorine, and carbon.

  • Condensate means hydrocarbon liquid separated from natural gas which condenses due to changes in the temperature or pressure and remains liquid at standard conditions.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Electricity Laws means the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued there under and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electric generating companies and Utilities in India, the rules, regulations and amendments issued by CERC/ MERC from time to time.

  • Regulated air pollutant means the following:

  • CFTC Regulations means the rules and regulations promulgated by the CFTC, as amended.

  • Petroleum liquids means crude oil, condensate, and any finished or intermediate products manufactured or extracted in a petroleum refinery.

  • FAIS Act means the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002);

  • Oil and Gas Properties means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil xxxxx, gas xxxxx, injection xxxxx or other xxxxx, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing.

  • Electricity Supply Code means the Electricity Supply Code specified under section 50;