Examples of Target Pressure in a sentence
Buyer shall have nine (9) months in which to install, or cause Gatherer to install, equipment necessary to reduce the pressure at such Low Pressure Receipt Point to the Target Pressure.
Midstream Co shall use its commercially reasonable efforts to maintain the operating pressure of each Facility Segment, as measured at the inlet flange of the central facility of the applicable Facility Segment, at a level that is equal to or less than the Target Pressure.
Should the average monthly pressure at any Low Pressure Receipt Point exceed the Target Pressure for three (3) consecutive months for any Low Pressure Receipt Point, then, beginning with the fourth month in which such average monthly pressure exceeds the Target Pressure, Buyer shall reduce the Gathering and Processing Fee by [ * ] ($[ * ]) per MMBtu.
This is based on MDL's statement that, as MDL does not need to rely on the Maui gas field to balance the Maui Pipeline, the risk of curtailment is reduced where the Maui Pipeline requires urgent balancing at a time when Maui field production capacity is unavailable or is reduced.Gas Industry Co agrees with Nova that an increase in the Taranaki Target Pressure may increase the costs of a new entrant wishing to use the Maui Pipeline or not facilitate investment in gas processing facilities.
It increases uncertainty because intentions are not known with respect to the Taranaki Target Pressure.
To the contrary, MDL has requested that restrictions be placed on the ability for it to increase the Taranaki Target Pressure.
It opens up the possibility of an increase in the Taranaki Target Pressure, something not currently permitted by the MPOC.
An increase in the Taranaki Target Pressure could be used as a barrier to entry for a new entrant by increasing development costs, or at least does not facilitate new investment in gas processing facilities.
The June Change Request sets out a series of amendments to MPOC which:• delete those parts of MPOC that relate to Maui Legacy Gas including those provisions that relate to retrospective allocations of Maui Legacy Gas; and • change certain parts of MPOC relating to the Taranaki Target Pressure.
And I am grateful, and I know I can speak for all of us, for the service that you've given and that you're continuing to give here today by being here as an advocate.