Weighted Average Gas Price definition

Weighted Average Gas Price means in respect of any Contract Quarter, the US$ per MMBtu price (on GCV basis) equal to the quotient of: (a) the aggregate of the product of the Gas Price applicable on each Day of such Contract Quarter; and the DCQ for such Day; and (b) the sum of the DCQs for each Day of such Contract Quarter.
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Weighted Average Gas Price means the total payment made by the Buyer to the Seller for Seller’s Gas delivered in a month divided by the total MMBtu of Seller’s Gas delivered for that month.
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Examples of Weighted Average Gas Price in a sentence

  • The Sasol Volume Weighted Average Gas Price for customers may not exceed the EBP (Nersa, 2006).

  • Charges towards Quarterly shortlifted Quantity shall be an amount equal to the product of: the Weighted Average Gas Price applicable during such Contract Quarter; and the Quarterly Shortlifted Quantity for such Contract Quarter, same will be referred as Quarterly Minimum Guaranteed Offtake (QMGO) Charges or Take or Pay charges.

  • Where on Day (d) no transactions were entered into on the Trading Platform in accordance with the provisions of Article [53A](5) of the Code or the conditions for the Platform Minimum Liquidity Limit are not met in accordance with the provisions of Article [3.3], the Weighted Average Gas Price for Day (d) shall be equal to the Weighted Average Gas Price on the most recent Day on which the conditions for the Platform Minimum Liquidity Limit are met.

  • Colorado Weighted Average Gas Price Composite Index =0.20 Rocky Mountains (Northwest Pipeline) +0.50 San Juan Basin (El Paso Natural Gas Pipeline) +0.30 Rocky Mountains (Colorado Interstate Gas Pipeline)The opening of the Kern River pipeline expansion in mid-2003 provided Colo- rado operators (among others in the Rockies) the opportunity to compete in mar- kets in California.

  • SECURITIES AND INVESTMENTSSecurities recognised as current assets comprise shares, and other current investments that are measured at market fair value on the balance sheet date.

  • Charges towards Quarterly shortlifted Quantity shall be an amount equal to the product of: the Weighted Average Gas Price applicable during such Contract Quarter; and the Quarterly Shortlifted Quantity for such Contract Quarter, same will be referred as Quarterly Minimum Guaranteed Offtake (QMGO) Charges Provided, however, that in case gas available with SELLER is less than Take or pay obligation Quantity and Buyer offtakes entire gas available, then BUYER shall pay only for the actual supply.

Related to Weighted Average Gas Price

  • Weighted Average Life to Maturity means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness.