Gas Storage Agreement definition

Gas Storage Agreement means an Agreement on Access to Storage Facility and Gas Storage pursuant to Section 47 (6) of the Energy Act, whereby the SSO agrees, subject to the conditions set out in valid and effective Rules of Operation of the SSO, to allocate to the gas market participant the agreed Storage Capacity and ensure gas storage throughout the term of the agreement, up to the level of the agreed Storage Capacity, and the gas market participant agrees to pay for the Storage Services and related services;
Gas Storage Agreement means a contract entered into between a person and the Facility Operator, pursuant to which a person is entitled to utilise the Facility for the injection, storage and delivery of Natural Gas, (as amended, supplemented, assigned or novated from time to time);
Gas Storage Agreement means the contract for access to the Storage Facility and storage of the gas pursuant to the legal regulations valid and effective on the territory of the SR, by which the SSO undertakes, after the conditions stipulated in the valid Rules of Operation of the SSO are met, to allocate to the gas market participant the agreed Storage Capacity and to secure storage of gas during the entire contractual period up to the level of the agreed Storage Capacity, and the gas market participant undertakes to pay for the storage and associated services;

Examples of Gas Storage Agreement in a sentence

  • A Generation Entity may, but is not required to, submit in writing a proposed form of Firm Gas Storage Agreement or Firm Transportation Agreement (whether to be entered into by the Generation Entity or an Affiliate thereof) to ERCOT for review to be certified as an FFSS Qualified Contract in accordance with such policies and procedures as ERCOT may develop or require from time to time consistent with the requirements of the ERCOT Protocols.

  • The successful Applicant shall be bound by its Application until the Gas Storage Agreement is concluded.

  • Any provision of the Gas Storage Agreement shall be interpreted so as to be valid and effective pursuant to the applicable legal regulations.

  • The Application constitutes a binding proposal for the conclusion of a Gas Storage Agreement and the Applicant may not withdraw its Application once it has been submitted.

  • However, should it be unenforceable, invalid orineffective under the applicable legal regulations, the other provisions of the Gas Storage Agreement shall not be affected.

  • Flexible Storage Capacity means Storage Capacity (with specified technical parameters, Storage Period and Delivery Points) that entitles the Customer to inject gas into the Storage Facility and withdraw gas from the Storage Facility during the Storage Period at the Customer's discretion up to the maximum Injection Rate and the maximum Withdrawal Rate agreed in the Gas Storage Agreement (hereinafter referred to as the “Flexible Storage Capacity”).

  • By allocation of this service, neither the initial value of the maximum daily Injection Rate/Withdrawal Rate nor the shape of the Injection Curve/Withdrawal Curve depending on the Storage Account fullness percentage as defined in the Gas Storage Agreement shall change.

  • Supplementary Services can only be provided in relation to a valid Gas Storage Agreement and for a price in accordance with the Gas Storage Agreement and/or the Price List.

  • If the additional Working Volume has been agreed for a period shorter than the term of the Gas Storage Agreement, then after the expiry of that period the Customer may only use the originally agreed Working Volume as specified in the Gas Storage Agreement and the right to use the additional Working Volume allocated pursuant to this point shall cease.

  • The SSO and the Customer may agree, depending on the technical possibilities of the SSO, that for one Gas Storage Agreement the SSO will maintain multiple Storage Accounts for the Customer, in which case there is only a procedural demerger of the records, not a demerger of the Gas Storage Agreements themselves (Operational demerger).


More Definitions of Gas Storage Agreement

Gas Storage Agreement means a contract or agreement referred to in section 54.1(5)(b) or (c) of the Act;
Gas Storage Agreement means the gas storage agreement, dated as of the Closing Date, setting forth general principles that will form the basis for future collaboration between the Borrower and the Seller pertaining to underground natural gas storage for production from certain Hydrocarbon Licenses, and in substantially the form set forth in Annexure D to the Acquisition Agreement.

Related to Gas Storage Agreement

  • Interconnection Agreement means the interconnection agreement entered into by Seller pursuant to which the Facility will be interconnected with the Transmission System, and pursuant to which Seller’s Interconnection Facilities and any other Interconnection Facilities will be constructed, operated and maintained during the Contract Term.

  • Offtake Agreement means the offtake agreement dated May 13, 2008 with Glencore International AG pursuant to which the Company has agreed to sell in U.S. dollars to Glencore, and Glencore agreed to acquire, 100% of the V2O5 production at the Maracás Menchen Mine. The Offtake Agreement will terminate effective April 30, 2020. See “Description of the Business — Marketing and Distribution”.

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Use Agreement means a written agreement between a primary licensee and a Type S applicant or licensee that specifies the designated area of the Type S licensee, the days and hours in which the Type S licensee is assigned to use the common-use area, any allocation of responsibility for compliance pursuant to Section 40196, and an acknowledgement that the Type S licensee has sole and exclusive use of the common- use area during the Type S licensee’s assigned time period.

  • Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Secondment Agreement is defined in Section 2.2.

  • PJM Operating Agreement means the Amended and Restated Operating Agreement of PJM or the successor, superseding or amended versions of the Amended and Restated Operating Agreement that may take effect from time to time.

  • Supply Agreement has the meaning set forth in Section 7.2.

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • Air Transportation Business means the carriage by aircraft of persons or property as a common carrier for compensation or hire, or carriage of cargo or mail by aircraft, in air commerce, as defined in 49 U.S.C. § 40102, as amended.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Supply Agreements has the meaning set forth in Section 7.1.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III. Network Operating Committee: