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 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.

Lost and Unaccounted for Gas means the losses in Gas quantities (expressed in Btu’s) that occur on a Xxxxxxx 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.

Examples of Lost and Unaccounted for Gas in a sentence

• The Company shall be under no obligation to redeliver any transportation quantities greater than the Contract MDQ, or to receive quantities in excess of the Contract MDQ plus adjustment for thermal content and Lost and Unaccounted for Gas.

• In addition to the fees referred to above, 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 treating services performed in accordance with this Section 2(c).

• 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 Condensate allocated to Shipper.

• A quantity of Gas having a Thermal Content equal to the total Thermal Content of the Dedicated Gas received by Gatherer from Shipper at the Receipt Points, less (i) the Thermal Content of Gas used for Fuel, (ii) the Thermal Content of Condensate recovered from the Gathering System, and (iii) the Thermal Content of Lost and Unaccounted for Gas, in each case, as allocated to Shipper in accordance with this Agreement.

• A balancing fee, on a per MCF basis shall be applicable to all Transportation Services for all daily Customer usage in excess of, or short of, confirmed nominations of gas adjusted for thermal content and reduced by two point one percent (2.1%) for Lost and Unaccounted for Gas.

More Definitions of Lost and Unaccounted for Gas

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 Transporter-used gas and shall include, but not be limited to, gas vented and lost 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 means Gas received into the Gathering System that is released or lost through piping, equipment, operations or measurement losses or inaccuracies or that is vented, flared or lost in connection with the operation of the Gathering System.

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.

Lost and Unaccounted for Gas or "L&U" means Condensate and 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.

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.