LNG ACCESS CODE Sample Clauses
The LNG Access Code is a regulatory framework that governs how parties can access liquefied natural gas (LNG) facilities, such as terminals and pipelines. It typically outlines the terms, conditions, and procedures for third-party access, including application processes, capacity allocation, and usage fees. For example, it may specify how new entrants can request access to import or export LNG through a shared terminal. The core function of the LNG Access Code is to ensure transparent, non-discriminatory access to LNG infrastructure, promoting competition and efficient use of resources.
LNG ACCESS CODE. Any LNG Redelivery Service provided by Terminal Operator to Shipper under this LTA shall also be governed by the procedures, rules and regulations contained in the LNG Access Code (the “AC”) as approved by the ▇▇▇▇. By signing this LTA, each of the Terminal Operator and Shipper acknowledges to be bound by and have taken knowledge of all provisions set out in the LNG Access Code.