Regasification definition
Examples of Regasification in a sentence
In addition, Operator has the right, in its sole discretion, to purchase any User’s Inventory remaining in the Terminal in respect of the final Cargo unloaded by the User at the Terminal at the end of the last Unloading and Regasification Slot.
On or before the day which is twenty (20) days prior to the first day of each Unloading and Regasification Slot, the User shall notify the Operator whether it or any Other User will or will not use such Unloading and Regasification Slot, provided that the User shall use all commercially reasonable endeavours to ensure that such Unloading and Regasification Slot is used in the interests of the security of supply of Gas into Germany.
If the User makes such a transfer, the transferee shall assume the rights and obligations of the User in respect thereof and such Unloading and Regasification Slot shall be deemed to have been deleted from Schedule 1 (Allocated Unloading and Regasification Slots) of this Agreement.
The User shall not market, or offer to transfer its rights to, such Unloading and Regasification Slot during the period commencing on the day on which the Operator made publicly available the details of such Unloading and Regasification Slot and ending on the day which is three (3) days after the day on which the Operator made publicly available the details of such Unloading and Regasification Slot.
In the case of transfer of regasification capacity, the charges payable for the Regasification Service by the Transferee for the transferred regasification capacity will be those envisaged by the Transferring User’s Capacity Agreement for such capacity.
To the extent that an Event of Force Majeure prevents a Party from performing its obligations in relation to any Unloading and Regasification Slot allocated to the User as set out in Schedule 1 (Allocated Unloading and Regasification Slots), the Parties shall be excused from performing their obligations relating to such Unloading and Regasification Slot.
With regard to minimum Gas Throughput Charges according to Clause 4.1.2, the difference between the actually delivered quantity and the minimum quantity pursuant to Clause 4.1.2 will be charged in pro rata shares referring to the respective part of the Unloading and Regasification Slot if the Unloading and Regasification Slot does not begin and end in the same month.
If the User does not make a notification to the Operator in accordance with this Clause 5.3.2, the User shall be deemed to have notified the Operator that it will not use such Unloading and Regasification Slot.
The User shall use reasonable endeavours to agree with the GPN Operator on Gas entry rights for the GPN that are necessary for the respective send-out profile of each Unloading and Regasification Slot allocated to the User.
The Operator shall provide the Services to the User in respect of all Unloading and Regasification Slots allocated to the User from 1 April 2024 until 31 December 2024, unless this Agreement is terminated earlier in accordance with its terms (the “Term”).