Gas Balance definition

Gas Balance means the difference between the allocated Quantity of Transfer Gas Forward Flow at TTF and the allocated Quantity of Exit Gas or the difference between the allocated Quantity of Entry Gas Reverse Flow at the Entry Point Reverse Flow and the allocated Quantity of Transfer Gas Reverse Flow at TTF.
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Gas Balance means the difference between the allocated Quantity of Entry Gas and the allocated Quantity of Exit Gas.
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Examples of Gas Balance in a sentence

  • BBL Company shall endeavour to minimise the Gas Balance at the end of the Gas Day.

  • Returning Transferring a stock equivalent to the quantity of the Natural Gas Lent to MFGT’s name, into MFGT’s Gas Balance, in MFGT’s IT system from the Borrower’s stock in the storage facility – basically upon the initiative of the Borrower.

  • The Gas Balance is negative if the allocated Quantity of Transfer Gas Reverse Flow is higher than the allocated Quantity of Entry Gas Reverse Flow.

  • The Gas Balance is positive if the allocated Quantity of Exit Gas is lower than the allocated Quantity of Transfer Gas Forward Flow.

  • The Gas Balance is positive if the allocated Quantity of Transfer Gas Reverse Flow is lower than the allocated Quantity of Entry Gas Reverse Flow.

  • Parties agree that the quantity of Natural Gas Lent shall be deemed as Returned when the Natural Gas Energy Quantity Lent is re-transferred in the Gas Balance to MFGT.

  • The Gas Balance is negative if the allocated Quantity of Exit Gas is higher than the allocated Quantity of Transfer Gas Forward Flow .

  • During such settlement the matching procedure and the checking against the contracted Transmission Capacity regarding the Nominations at the Exit Point will take into account any such settlement of the Gas Balance.

  • It is the BUYER’S responsibility to monitor the gas imbalance from the effective date of the last Gas Balance Statement to the effective date of assignment.

  • For any Hour during a Gas Day the difference between the allocated Quantity of Entry Gas Reverse Flow and the allocated Quantity of Transfer Gas Reverse Flow will be allocated to the Gas Balance for that Gas Day.