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;
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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.

  • 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.

  • PSO has mainly undergone long-term LNG Contracts for import of LNG, whereas PLL has long term contracts as well as it imports LNG on spot purchases to meet additional demand in the country.

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

  • 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.

  • 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.

  • 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.

Related to LNG Contracts

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Customer Contracts means any and all Contracts with customers of the Company, including professional services agreements, supply agreements, service agreements, license agreements, maintenance and development agreements and consulting agreements.

  • Existing Contract means an unexpired Contract entered into by the Council and a Provider for works, services and/or goods.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

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

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Contracts means all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint ventures and all other agreements, commitments and legally binding arrangements, whether written or oral.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • 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.

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

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Continuing Contract means a contract for Professional Services entered into in accordance with Section 287.055 of the Florida Statutes, between the District and a firm, whereby the firm provides Professional Services to the District for projects in which the costs do not exceed two million dollars ($2,000,000), for a study activity when the fee for such Professional Services to the District does not exceed two hundred thousand dollars ($200,000), or for work of a specified nature as outlined in the contract with the District, with no time limitation except that the contract must provide a termination clause (for example, a contract for general District engineering services). Firms providing Professional Services under Continuing Contracts shall not be required to bid against one another.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Hedging Contracts means all Interest Rate Contracts, foreign exchange contracts, currency swap or option agreements, forward contracts, commodity swap, purchase or option agreements, other commodity price hedging arrangements, and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in interest rates, currency values or commodity prices.

  • Financial Contracts means any arrangement that:

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

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

  • Building Contract means a contract entered into between the Grant Recipient and a Building Contractor relating to the construction, repair, refurbishment, conversion, development and/or Rehabilitation (as applicable) of a Firm Scheme; Building Contractor means any building contractor or developer appointed or to be appointed by the Grant Recipient in respect of a Firm Scheme; Business Day means any day other than a Saturday, Sunday or a statutory Bank Holiday in England;

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.