Upstream Operator definition
Examples of Upstream Operator in a sentence
For the avoidance of doubt, in the case of a GTA for Firm Services, it is clarified that if failure to schedule by Transporter is due to failure of the Upstream Operator or the Upstream Pipeline Operator or Downstream Pipeline Operator to confirm the nomination in accordance with the Section 5.3 of this Code prior to scheduling, then any such quantity shall not be included in the Shortfall Quantity and Transporter shall have no liability under such GTA for Shortfall Quantity.
Details of such Upstream Operator or Upstream Pipeline Operator shall be provided by Shipper to Transporter.
Shipper may authorise Transporter to confirm to the Upstream Operator or the Upstream Pipeline Operator at the Entry Point the quantity of Gas received by Transporter, on account of Shipper at the Entry Point.
Based upon the DNQ and the nomination/confirmation process at Entry Point(s) and Exit Point(s) in each nomination cycle, the lower of the confirmed quantities by the Upstream Operator or the Upstream Pipeline Operator and the Downstream Pipeline Operator becomes the Scheduled Quantity.
The Board and Management of PEB is of the opinion that the acceptance of the Contract is in the best interest of the Company and in line with the Group's Transformation journey, launched in 2019 with a vision of moving up the value chain to become an Upstream Operator.