Lost and Unaccounted for Gas definition

Lost and Unaccounted for Gas. (“LUAG”) means the quantity of natural gas which is unaccounted for whatsoever reason including, but not limited to blow downs, venting or release during regular operation or maintenance of the city or local natural gas distribution network and mismatch of meter readings at the entry and exit point;

Lost and Unaccounted for Gas means the volumetric gains or losses in Gas that occur on the Gathering System, including any system blowdowns for maintenance, emergency, or repair, and losses through the emergency shutdown system and flare stack, other than Gas used for Fuel Gas.

Lost and Unaccounted for Gas means the thermal equivalent of the difference between the sum of all input quantities of Gas to the System (including Fuel Gas) and the sum of all output quantities of Gas from the System plus Fuel Gas, which difference shall include but shall not be limited to Gas vented (other than Gas that can be attributed to an offending Shipper) and line heater Gas, the ownership of which cannot be reasonably identified. Lost and Unaccounted For Gas shall be determined pursuant to Section 36 of these General Terms and Conditions.

Examples of Lost and Unaccounted for Gas in a sentence

• Lost and Unaccounted for Gas Quantity reimbursement shall be provided in kind by Shipper and shall be the actual percentage, adjusted annually based on the prior calendar year’s actual Lost and Unaccounted for Gas Quantity usage.

• Therefore, beginning on January 1st of each year following the effective date hereunder, the Lost and Unaccounted for Gas Quantity reimbursement percentage shall be adjusted where needed to reflect actual unaccounted for gas.

• Gatherer will maintain records of any Daily and Monthly variances (“Imbalances”) between the volume of Dedicated Gas received at the Receipt Points and the volumes of Delivery Point Gas, plus Lost and Unaccounted for Gas, Fuel, and Pipeline Drip allocated to Producer.

• In addition to the Springridge Fees, Gatherer will charge Producer for, or retain Gas in connection with, as applicable, Producers’ allocable share of Fuel Gas and Lost and Unaccounted for Gas incurred in connection with dehydration services performed under this Section 2(b).

• Producers acknowledge, however, that certain volumetric losses in Producers’ Gas and MV Mitigation Gas will occur even if such services are conducted in accordance with the preceding sentence, and such losses attributable to Lost and Unaccounted for Gas shall be shared and allocated among Producers and other third party shippers on the Springridge Gathering System in the proportion that each party delivers Gas to the Springridge Gathering System.

More Definitions of Lost and Unaccounted for Gas

Lost and Unaccounted for Gas means the losses in Gas quantities (expressed in Btu’s) that occur on a Gathering System, other than Gas used for Fuel Gas and shrinkage due to Drip Liquids, including any such losses (expressed in Btu’s) passed through to Gatherer under any Third Party Gathering Agreement.

Lost and Unaccounted for Gas means the difference between the sum of all input quantities of gas received into the Transporter's system and the sum of all output quantities of gas delivered from the Transporter's system, which difference shall exclude company-used gas and shall include, but not be limited to, gas vented, storage lost, and loss as a result of an event of force majeure.

Lost and Unaccounted for Gas or "L&U" shall mean the quantity of Gas required by Transporter to replace lost or otherwise unaccounted-for Gas (including vented Gas, other than Gas vented pursuant to Section 3.3 of the General Terms and Conditions) for Transportation Service for all Shippers. Lost and Unaccounted-for Gas shall be calculated by reducing the actual total system fuel and lost quantity (receipts minus Deliveries) by the actual Fuel Gas for the data collection period.

Lost and Unaccounted for Gas or “L&U” means that volume of Gas, in MMBtu, received by Gatherer which is released and/or lost through piping, equipment, or operations, which cannot be accounted for, or is vented, all on the Gathering System.

Lost and Unaccounted for Gas means for any period, the excess of (i) the total quantity of Gas received into Gatherer’s System, above (ii) the total quantity of Gas disposition, including Gas volumes delivered at all points of delivery, Gas used as fuel and Gas condensed into condensate, on Gatherer’s System. “Lost and Unaccounted For Gas” includes any Gas lost as a result of, but not limited to, leakage, venting or flaring, discrepancies due to meter inaccuracies or variations of temperature and/or pressure, Gas shrinkage, and any Gas that is unaccounted for. All Gas lost due to actions of unaffiliated third parties and recovered by Gatherer shall be credited, proportionally on an MMBtu basis, to all producers.

Lost and Unaccounted for Gas means meter variance and any other quantities of Gas lost or otherwise not accounted for incident to or occasioned by the gathering or compressing and redelivery, as applicable of Gas, including Gas released through leaks, instrumentation, relief valves, unmeasured flares, ruptured pipelines, and blow downs of pipelines, vessels, and equipment.

Lost and Unaccounted for Gas means the volumetric gains or losses in Gas that occur on the Gathering System, including any system blowdowns for maintenance, emergency, or repair, and losses through the emergency shutdown system and flare stack, other than Gas used for Fuel Gas. “Market Price” shall mean, in the case of Residue Gas, the weighted average commodity price per MMBtu, received by Producer for the amounts of Residue Gas (excluding any storage amounts) sold and otherwise accounted for on substantially the same terms as Producer sells its Gas and other Third Party Gas. “Market Price” shall mean, in the case of Plant Products, the weighted average commodity price per gallon received by Gatherer for the amounts of Plant Product (excluding any storage amounts) sold under arm’s-length agreements at the best price then obtainable in Gatherer’s reasonable judgment and discretion, less any allocated transportation, handling and storage fees incurred and paid by Producer in association therewith. “Maximum Operating Pressure” is defined in Section 5.13. “Mcf” means one thousand cubic feet of Gas at a temperature of 60 oF and a pressure of 14.65 pounds per square inch absolute. “Mcf/d” means Mcf’s per Day. “Minimum Volume Period” means the period beginning on the Effective Date and ending on the 5th anniversary of the Effective Date, as such date may be adjusted pursuant to Section 5.2. “MMBtu” means one million Btu’s, which is equivalent to one dekatherm. “Month” means the period beginning on the first Day of the calendar month and ending immediately prior to the commencement of the first Day of the next calendar month. “New Well Connection Expenditure” is defined in Section 5.11(i). 4