EGAS definition

EGAS means the Egyptian Natural Gas Holding Company a legal entity created by the Prime Minister Decree No. 1009 of 2001 as amended and according to Law No. 203 of 1991 as amended.
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EGAS means the Egyptian Natural Gas Holding Company.
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Examples of EGAS in a sentence

  • Thereafter, EGPC and CONTRACTOR shall meet with a view to assessing whether the outlets for such Gas and other relevant factors warrant the Development and production of the Gas and in case of agreement, the Gas thus made available shall be disposed of to EGPC or EGAS under a long-term Gas Sales Agreement in accordance with and subject to the conditions set forth in Article VII.

  • Within sixty (60) days of receipt of the statement, EGPC or EGAS (as buyer) shall pay EGPC and CONTRACTOR (as sellers) for the amount of the Shortfall, if any.

  • The Joint Venture Company shall be no more than an agent for EGAS and CONTRACTOR.

  • Each such reduction shall be established by the joint written statement to the Guarantor by EGAS and CONTRACTOR.

  • The election by EGAS to undertake a sole risk venture under paragraph (c) below shall neither extend the Exploration period nor affect the termination of this Agreement as to CONTRACTOR.

  • In the event that EGAS and CONTRACTOR decide to build such plant, the plant shall, as is appropriate, be in the vicinity of the point of delivery as determined in Article VII(e)(2)(ii).

  • EGAS shall have the right within a period of twelve (12) months from receipt of any Statement under this Article IV in which to audit and raise objection to any such Statement.

  • Reconciliation of inventory shall be made by CONTRACTOR and EGAS, and a list of overages and shortages shall be jointly determined by the Joint Venture Company and CONTRACTOR and EGAS, and the inventory adjusted by the Joint Venture Company.

  • The Joint Venture Company shall not own any right, title, interest or estate in or under the Agreement or any Development Lease created there under or in any of the Petroleum produced from any Exploration Block or Development Lease there under or in any of the assets, equipment or other property obtained or used in connection therewith, and shall not be obligated as a principal for the financing or performance of any of the duties or obligations of either EGAS or CONTRACTOR under the Agreement.

  • At reasonable time prior to the commencement of Commercial Production EGAS and CONTRACTOR shall meet and agree upon a procedure for scheduling tankers lifting from the agreed upon point of export.