KMTP Gas Calculations Clause Samples
The KMTP Gas Calculations clause defines the methodology and procedures for determining the quantity and quality of gas delivered or received at the KMTP (Kota Marudu Transmission Pipeline) point. It typically outlines the measurement standards, equipment to be used, and the process for resolving discrepancies in gas volume or composition. For example, it may specify the use of calibrated flow meters and reference industry standards for gas quality. The core function of this clause is to ensure accurate, consistent, and transparent accounting of gas transactions, thereby minimizing disputes and ensuring both parties are fairly credited or charged for the gas handled.
KMTP Gas Calculations. KMTP shall calculate and report to COPANO by the fifth Business Day of each Month following the Production Month the Mcf, MMBtu, Btu factor, and average GPM by component of the KMTP Gas as follows: KMTP Gas Btu factor =Heating Value of KMTP Gas (expressed in MMBtu)/Volume of KMTP Gas (expressed in Mcf) KMTP Gas MMBtu =Heating Value of Inlet Gas (expressed in MMBtu) minus the Heating Value of Copano Gas (expressed in MMBtu) KMTP Gas Mcf =Volume of Inlet Gas (expressed in Mcf) minus the Volume of Copano Gas (expressed in Mcf) KMTP Gas GPM by component = (Inlet Gas theoretical gallons by component minus the Copano Gas theoretical gallons by component)/Volume of KMTP Gas Mcf(expressed in Mcf) Sum of each Copano Gas theoretical gallons by component = the sum of each Copano Gas GPM by component times the applicable Copano Gas Mcf Inlet Gas theoretical gallons by component = Inlet Gas GPM by component times the Inlet Gas (expressed in Mcf) An example of the foregoing procedure for the calculation of Mcf, MMBtu, Btu factor, and average GPM by component for the KMTP Gas is set forth in Exhibit A attached hereto.
KMTP Gas Calculations. KMTP shall calculate the Mcf, MMBtu, Btu factor, and average GPM by component of the KMTP Gas as follows: KMTP Gas Btu factor =Heating Value of KMTP Gas (expressed in MMBtu)/Volume of KMTP Gas (expressed in Mcf) KMTP Gas MMBtu=Heating Value of Inlet Gas (expressed in MMBtu) minus the Heating Value of Copano Gas (expressed in MMBtu) KMTP Gas Mcf =Volume of Inlet Gas (expressed in Mcf) minus the Volume of Copano Gas (expressed in Mcf) KMTP Gas GPM by component = (Inlet Gas theoretical gallons by component minus the Copano Gas theoretical gallons by component)/Volume of KMTP Gas Mcf (expressed in Mcf) Sum of each Copano Gas theoretical gallons by component = the sum of each Copano Gas GPM by component times the applicable Copano Gas Mcf Inlet Gas theoretical gallons by component = Inlet Gas GPM by component times the Inlet Gas (expressed in Mcf)