Storage Gas Transfer definition

Storage Gas Transfer has the meaning given in Clause 6.8(b)(ii);
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Storage Gas Transfer is an arrangement between two (2) users of the Facility made for the purposes of Clause 6.8(a); and
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Examples of Storage Gas Transfer in a sentence

  • Subject to the relevant Storage Terms or LNG Importation Terms, a transferor may effect from the start of the Storage Year a Storage Gas Transfer in favour of a transferee in respect of the lesser of the relevant surplus and the relevant deficit, and the transferee shall pay to the transferor an amount determined by multiplying the amount of the transferred gas-in-storage by the relevant WACOG of the transferor.

  • The Transferred Gas-in-Storage under a Storage Gas Transfer shall not exceed the amount of the Transferor Storage User's gas-in-storage in the Transfer Storage Facility.

  • A proposed Storage Transfer or a proposed Storage Gas Transfer may not be notified later than 04:00 hours on the transfer date or (as the case may be) Day or first Day of the Storage Transfer Period.

  • Where two Relevant System Managers make a Winter Storage Gas Transfer the transferee shall pay to the transferor an amount determined by multiplying the amount of the transferred gas-in-storage by the relevant WACOG (in accordance with paragraph 3.3.1 (b)), but as at the Day for which such Nomination was made) of the transferor.

  • For the avoidance of doubt, injection of Winter Carry-Across Gas by National Grid NTS for Operating Margins Purposes and any Winter Storage Gas Transfer made for such purposes by it as transferee, shall be treated as part of the Margins Gas Procurement Arrangements.

  • The Group recognises revenue on these services evenly over the period of the contract.Solution Delivery Implementation ServicesRevenues for all fixed fee contracts are recognised on a percentage complete basis.

  • For the avoidance of doubt, the fact that a User shall cease to be a User for the purposes of Section Z under paragraph 10 shall not affect any Storage Gas Transfer made before the Storage Discontinuance Date.

  • For the purposes of this Section K, in respect of each Operating Margins Facility the "Carry-over Margins Gas" is the amount of Relevant Residual Gas (as defined in paragraph 3.6.1) held by National Grid NTS for Operating Margins Purposes after taking account of any Storage Gas Transfer under paragraphs 3.6 and 3.8 and less the amount of the Residual Surplus Gas (if any) under paragraph 3.7.

  • Amounts accruing due on any Day to National Grid NTS (Margins) in respect of Winter Carry-Across Gas or Winter Storage Gas Transfer made by it as transferor shall be counted as Eligible Margins Revenues for the purposes of paragraph4.3.3.

  • The Storage Gas Transfer rate and DTR rate are posted monthly on the Distribution website.

Related to Storage Gas Transfer

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Gathering lines means any pipeline, equipment, facility, or building used in the transportation of oil or gas during oil or gas production or gathering operations.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Transport vehicle means a motor vehicle or rail car used for the transportation of cargo by any mode. Each cargo-carrying body (trailer, railroad freight car, etc.) is a separate transport vehicle.