Normal Butane definition

Normal Butane as used herein means butane that satisfies the specification for normal butane set forth in Item No. 15, Specification C.
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Normal Butane means Hydrocarbon Inventory categorized on the Charge and Yield Report as Butane.
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Normal Butane means a liquid hydrocarbon stream which meets the specifications set forth in Exhibit "A".
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Examples of Normal Butane in a sentence

  • Normal Butane - OPIS ETR ISOM Grade, Fixed Price Balmo FutureThe Exchange is listing one new balance of the month (“Balmo”) cash settled futures contract, the Normal Butane - OPIS ETR ISOM Grade, Fixed Price Balmo Future, which is based on the average of the daily prices published by OPIS for normal butane at the ETR facility in Mont Belvieu, TX.

  • Positions held in the contract will be aggregated with the monthly Normal Butane, OPIS LST ISOM Grade Future (“BUE”) for position limits and accountability purposes.

  • Product – means Normal Butane and Isobutane in all instances meeting current product specification, dated April 30, 2012, as such may be modified from time to time.

  • This chapter is limited in application to Mont Belvieu Physical Normal Butane (OPIS) futures.

  • OPIS Mont Belvieu non-Tet Normal Butane – typically applies to butane sales in the US Gulf Coast market.

  • Average OPIS price per barrel of NGL, historical or strip, assumes a composite barrel product mix of 37% Ethane, 32% Propane, 6% Isobutane, 11% Normal Butane, and 14% Natural Gasoline for all periods presented.

  • TRADING SPECIFICATIONSTrading in Mont Belvieu Physical Normal Butane (OPIS) futures is regularly conducted in all calendar months.

  • Normal Butane shall be priced on the basis of the low quotation reported for Normal Butane.

  • Id. “Under that methodology, the crude stream is separated into its component parts, or ‘cuts,’ market values are assigned to each cut, and the value of a crude stream is determined by the relative weighting of the cuts.” Trans Alaska Pipeline Sys., 113 FERC ¶ 61,062 at P 4 (2005).The nine TAPS cuts, from lightest to heaviest, are: (1) Propane; (2) Isobutane; (3) Normal Butane; (4) Light Straight Run; (5) Naphtha; (6) Light Distillate; (7) Heavy Distillate; (8) Vacuum Gas Oil; and (9) Resid.

  • NORMAL BUTANE (nC4)United States Gulf CoastUnited States West CoastPlatts’ Mt. Belvieu, TX spot quote for Normal Butane non-LST.OPIS's Los Angeles delivered spot quote for Normal Butane.


More Definitions of Normal Butane

Normal Butane the volume, stated in barrels, of the Normal Butane sold during the Inventory Interim Period as set forth in bills of lading acknowledged by Third Parties;
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Normal Butane means normal butane meeting the specifications listed on Exhibit "C" attached hereto and made a part hereof.
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Related to Normal Butane

  • tons means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I of the International Convention on Tonnage Measurement of Ships, 1969; the word “tonnage” shall be construed accordingly.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.