Storage Facility definition

Storage Facility means a facility used for the stocking of natural gas and owned and/or operated by a natural gas undertaking, including the part of LNG facilities used for storage but excluding the portion used for production operations, and excluding facilities reserved exclusively for transmission system operators in carrying out their functions;

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Storage Facility has the meaning set forth in the Recitals.

Storage Facility means a facility used for the storage of gas and

Examples of Storage Facility in a sentence

• In relation to the Storage Price stipulated in point 2.1 of this Agreement, the method of invoicing and the deadline for issuing and delivering an invoice shall be as specified in point 10.12(a) of the General Terms and Conditions setting out commercial terms and conditions for access to and use of the Storage Facility attached as Annex No. 3 to this Agreement (hereinafter referred to as the “General Terms and Conditions”).

• Seasonal 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 up to the maximum Injection Rate agreed in the Gas Storage Agreement only during the Injection Period and to withdraw Gas from the Storage Facility up to the maximum Withdrawal Rate agreed in the Gas Storage Agreement only during the Withdrawal Period.

• The Customer remains the owner of the Gas injected into the Storage Facility also during the entire period of its storage in the Storage Facility (i.e., co-ownership in the total Gas volume stored in the Storage Facility) unless it transfers the ownership to another Customer in accordance with these General Terms and Conditions.

• The SSO is entitled to request the Customer to withdraw Gas stored by the Customer in the Storage Facility if a third party owns the Gas or has security rights in the Gas and if it is not reasonably acceptable for the SSO to store such Gas in the Storage Facility.

• If differing operating modes impair the integrity of the Storage Facility, the SSO reserves its right to set requirements for the utilization of the Storage Capacities for the future in coordination with the Customer.

More Definitions of Storage Facility

Storage Facility means the reservoir, underground equipment, and surface facilities and equipment used or proposed to be used in a geologic storage operation. It does not include pipelines used to transport carbon dioxide to the storage facility.

Storage Facility means the energy storage facility described on the Cover Sheet and in Exhibit A (including the operational requirements of the energy storage facility), located at the Site and including mechanical equipment and associated facilities and equipment required to deliver Storage Product (but excluding any Shared Facilities), and as such storage facility may be expanded or otherwise modified from time to time in accordance with the terms hereof.

Storage Facility means any commercial facility where gas is stored, that is connected to the Facilities and is available to all Customers.

Storage Facility means the energy storage facility located on the Facility Site (and, subject to Section 6.2, any modifications or replacements thereto), as further described on Schedule B.

Storage Facility means a facility used for the storage of gas and includes any part of a LNG Facility used for storage but does not include:

Storage Facility means, for the purpose of connections, a facility that uses electrical energy (i.e. charges), and then stores such energy for a period of time, and then provides electrical energy as an output, minus any losses (i.e. discharges);

Storage Facility means a facility which consists of—