Examples of Natural gas processing plant in a sentence
Natural gas processing plant (gas plant) is defined in this subpart as any processing site engaged in the extraction of natural gas liquids from field gas, fractionation of mixed natural gas liquids to natural gas products, or both.
Depreciation is provided at rates estimated to write off the cost, less estimated residual value of each asset over its expected useful life as follows:• Natural gas processing plant – 15 years straight line• Office equipment – 3 years straight line• Vehicles – 5 years straight line Impairment An impairment test will be performed whenever events and circumstances indicate that the carrying value of the asset or CGU may exceed the estimated recoverable amount.
Natural gas processing plant operators have some discretion in determining the quantities of ethane to recover from raw natural gas.
The Natural gas processing plant availability refers to the amount of time the plant is able to produce natural gas over a certain period, divided by the total amount of time in the period.
Natural gas processing plant operators have some discretion in determining the quantities of ethane to recover from raw natural gas, as a response to market prices.