GAS OFFTAKE Sample Clauses

GAS OFFTAKE. The Operator shall perform Gas Offtake (PG) up to: o 0.3% of all Unloaded Quantities at the Montoir terminal: PG= 0.3% x QD o 0.5% of all Unloaded Quantities at the Fos-Tonkin terminal: PG= 0.5% x QD This Offtake shall give rise to reciprocal monthly invoicing, for identical amounts, between the Shipper and the Operator in accordance with Article 33. For every Month M, the price corresponding to the value of the Gas Offtake (PPGm) shall be equal to the Gas Offtake for the Month (PGm) multiplied by PREF. PPGm = PGm x PREF euros where PREF is equal to the PEGAS Monthly Index for Month M, published by POWERNEXT SA for the PEG, expressed in EUR/MWh.
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GAS OFFTAKE. The Operator shall perform Gas Offtake on all of the Unloaded Quantities. The Quantity taken off shall be equal to the product of TN, the gas in kind rate, multiplied by the Unloaded Quantity. TN is defined in Appendix 5 (Price and Value of the Rate Terms). Said sampling shall give rise to reciprocal monthly invoicing, for identical amounts, between the Shipper and the Operator. The amount invoiced on a monthly basis by the Operator shall be based on the Quantities Unloaded over the month in question. When a Vessel performs an Unloading at the end of Month M and this continues until the start of Month M+1, the Quantity Unloaded over this period will be allocated to Month M+1. For each month M, the price PPGM corresponding to the value of the Gas Offtake shall be equal to the product of the combined total of the Quantities Unloaded over the Month at the Terminal (QDM) multiplied by PREFM by TN. PPGM = ∑QDM * PREFM*TN PREFM is equal to the Powernext Gas Futures Monthly Index for month M, published by POWERNEXT SA for the TRS, expressed in EUR/MWh.
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Related to GAS OFFTAKE

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