Pac LNG definition

Pac LNG means Pacific LNG Operations Ltd., a company incorporated in the Bahamas and affiliated with Clarion Finanz A.G. This company is our joint venture partner in the LNG Project (holding equal voting shares in PNG LNG), holds a 2.5% direct interest in the Elk and Antelope fields, is an IPI holder and a shareholder in PNGDV.
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Examples of Pac LNG in a sentence

  • On even date, Oil Search Ltd announced that it had agreed to acquire a 22.835% gross interest in PRL 15 (Elk Antelope) from the Pac LNG Group Companies for US$900 million to be funded through a placement of new shares to the State.

  • And then on 13 March, there is the completion of the acquisition by Oil Search of the Pac LNG interest in PRL 15 and then you will see that the Oil Search price comes down or to just above $8 at the end of March.

  • It is supported by the London Councils and The Human Trafficking Foundation.

  • Based on the TOTAL PRL 15 SPA and the sale of a 22.8% interest in PRL 15 by Pac LNG Group Co to OSH in 2014, this 36.54% interest should be worth (depending on resource certification): at 10 tcfe, approximately $2.51 billion; at 12.5 tcfe, approximately $3.42 billion; at 15 tcfe, approximately $4.34 billion.

  • Outside directors Executive directors Outside directors Results of the Board of Directors’ Evaluation in FYE 2016 The Board of Directors confirmed that it needs to continue discussing whether the Board should review the Board of Directors’ structure and matters to be submitted to the Board and shift to a governance model where it focuses more on monitoring (supervision) of business execu- tion in the future.

  • The PFCA and Shareholder Agreement with EWC are conditional on reaching final investment decision to proceed with the LNG plant no later than March 31, 2012.On April 11, 2011, the Company and Pac LNG executed a conditional framework agreement with FLEX LNG and Samsung Heavy Industries related to the construction and operation of a two mtpa floating LNG processing vessel.

  • During the Contract Work, and subject to a reasonable advance written notice being provided to the Purchaser, the Purchaser shall allow the Contractor and its employees, agents and sub-contractors, duly listed to the Purchaser, such access to the Site as is reasonable required for the purpose of the Contract Work and concurrently with the execution of work by others.

  • However, the Company will, on request, reimburse you for customary mailing and handling expenses incurred by you in forwarding copies of the enclosed Tender Offer materials to your clients.

  • Pac LNG and its affiliates are participating on a 25% beneficial equity basis in the portion of the PRE farm-in transaction relating to the Triceratops Gas Condensate field on PPL 237, by selling PRE a 3.2258% participating interest before State participation, (2.500% after State participation), thereby reducing the Pac LNG Group’s indirect participating interest in the Triceratops structure by 3.2258%.

  • Pac LNG Group did not participate in the sale of its Indirect interest in PPL 237XT.

Related to Pac LNG

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Operational Flow Order means any directive issued to a Customer by KUB which requires the Customer to adjust Deliveries to KUB or deliveries of non-Firm gas to the Customer by KUB.

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Distribution Compliance Period with respect to any Notes, means the period of 40 consecutive days beginning on and including the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S and (ii) the issue date with respect to such Notes.

  • PJM Interconnection, L.L.C. or "PJM" means the privately-