LNG Contracts definition

LNG Contracts means the agreements for the sale and purchase of liquefied natural gas dated 3 July 1985 entered into by each LNG Joint Venturer as seller and the buyers therein named, as varied from time to time;

Examples of LNG Contracts in a sentence

  • Selection of Liquefied Natural Gas (LNG) Contracts for Minimizing Procurement Cost,2011, I and EC Research (pp.

  • In a nutshell upon review of the governmental and industry standards as well as LNG contracts, we can conclude as follows: - Units are not always the same.- Reference conditions are not always the same (e.g., EU uses 15ºC, 101.325 kPA,U.S. uses 60º F, 14.73 psia, China uses 20ºC, 101.325 kPA, Spain uses 25ºC,101.325 kPA).- LNG Contracts mix different units and reference conditions liberally.- Different end-users have different quality requirements (e.g., gas turbines, CNG, etc…).

  • Total Number of assignments involving Commercial due diligence of a LNG supplier Seller/Buyer in performing obligations under a long-term LNG Contracts completed during last 7 Years, by itself or through affiliate / parent companies.

  • The Bidder is required to calculate the total experience of the Consultants on Commercial due diligence of a LNG Seller/Buyer in performing obligations under a long-term LNG Contracts completed and submit the same, certified by their authorized signatory.

  • Table 8: Details of LNG Contracts that South Korea Has with Its Suppliers * 1 MM Btu =1000 ft3; Source: Hyun Hyo Ahn (2008), “Supply and Demand in Korea Gas Market and Policy Alternative,” Democratic Society and Policy Research, p.

  • For LNG export projects, these contracts often require compa- nies to purchase a specified amount of LNG annually for 20 years orFigure 2: 20-Year LNG Contracts Lock in Profits for Corporations and High Electricity Prices for Consumers Illustration: Haris Ichwan on these long-term commitments to provide an assuredmore.

  • Robust Market / Import Diversification / Flexible LNG Contracts and Technologies: Opportunities exist for greater domestic supply and import/export diversification in Argentina.

  • Since the introduction of the federal reviews, the Child and Family Service Reviews (CFSRs), it seems that weighing privatization options is the next step for West Virginia leadership.

  • Similarly, the buyer also must make available his vessel with required load conditions in the given time, in case if he fails to comply he needs to purchase the cargo from the buyer as agreed based on the provisions of the contract.Take or Pay Provision Generally, the LNG Contracts are entered for a long period of about twenty to twenty-five years stretch.

Related to LNG Contracts

  • Seller Contracts means all contracts or agreements to which Seller is a party or to which any of its material assets are bound.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).