Pooling Point definition
Examples of Pooling Point in a sentence
As used in this Rate, the prices posted under the table “City Gate, Pooling Point Prices” as published in Gas Daily.
Shipper understands that any physical movement of Gas by Transporter from the Pooling Point will be done only under a Transportation Service Agreement.
This will allow transfers from Shipper to another Shipper to take place at the Pooling Point, and the Pooling Point may be nominated (in accordance with Paragraph 3 hereof) as a Delivery and/or Receipt Point (as appropriate).
Shippers purchasing and transporting Gas from the Pooling Point shall transport their pooled Gas by nominating such Pooling Point as a Receipt Point (rather than nominating individual Wellhead or interconnect Receipt Point(s)) for transportation of such Gas in accordance with their Transportation Service Agreements with Transporter.
If any such requirement to take Committed Gas at any such Delivery Point or Pooling Point results in Purchaser being required to resell the Committed Gas at a price less than the Tiered Pool Price for such Delivery Point, the Purchaser shall notify Seller of such interruption of Committed Gas and the price at which Purchaser expects to resell such Committed Gas.