Common use of Transfer of Natural Gas Clause in Contracts

Transfer of Natural Gas. Not later than 12.00 (CET) on the Gas Day, in the event of Emergency, the Buyer will inform the Seller, if the Buyer utilizes its right to obtain the Natural Gas sub- jected to Individual Filling Requirements. The message must contain information about the quantity of Natural Gas which must be transferred not later than 06.00 (CET) on the following Gas Day. The Buyer may on a daily basis transfer Natural Gas subjected to Individual Filling Requirements under this agreement with the same pro rata share as Individual Filling Requirement agreements with other shippers and only for a volume deemed necessary for the Buyers obligation on the relevant day of transfer. A transfer of Natural Gas subjected to Individual Filling Requirements entails that the Seller's quantity of Natural Gas subjected to Individual Filling Requirements is reduced by the Natural Gas quantities transferred. The transfer of Natural Gas subjected to Individual Filling Requirements must be carried out by the Seller and the Buyer using the online transfer facility available at Gas Storage Denmark’s website (Gas Storage Denmark Customer Portal).

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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