Lost Gas definition

Lost Gas means any Gas lost or unaccounted for incident to the operations of the System, including, but not limited to, lost or unaccounted for gas resulting from leakage, discrepancies due to meter inaccuracies or variations of temperature or pressure.
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Lost Gas has the same meaning herein as defined in the Anchor Shipper Gathering Agreement.
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Lost Gas means, where used in any Gas Transportation Agreement entered into before the Initial Effective Date, UFG.
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Examples of Lost Gas in a sentence

  • The quantities of Dedicated Production delivered at a Delivery Point will be Thermally Equivalent to the quantities of Dedicated Production received in accordance with the terms of this Agreement at a Receipt Point, less Shipper’s share of Fuel and Lost Gas, and any applicable reduction pursuant to Section 3.3.4 of this Agreement.

  • For the receipt of Gas from a Shipper Installed Asset into a System, Shipper will pay Gatherer a gathering fee equal to twenty-five percent (25%) of the in-effect Gathering Fee for the System, one hundred percent (100%) of the Compression Fee(s) for the System (and/or, if applicable, the Granville Compression Fee and/or the Stonehouse Compression Fee), and one hundred percent (100%) of the proportionate share of actual Fuel and Lost Gas on the System.

  • Prior to allocation of Fuel and Lost Gas, Xxxxxxx’s Receipt Point Volume shall be reduced for any corresponding gas lift volumes delivered to a Gas Lift Meter for usage in Xxxxx upstream of the corresponding Receipt Point.

  • Upon request by Xxxxxxx, Gatherer shall provide Shipper with an electronic monthly volume statement of Fuel and Lost Gas on a System.

  • AS SHIPPER Quality Specifications of this Agreement, risk of loss of Dedicated Production shall be borne by Xxxxxxxx from the Receipt Points until such time as the Dedicated Production is delivered to the Delivery Points and Gatherer shall defend, release, indemnify, and hold harmless Shipper Indemnitees from any loss of or damage to the Dedicated Production during such time, excepting Fuel and Lost Gas, REGARDLESS OF FAULT.

  • Xxxxxxx’s prorated share of Lost Gas shall be determined and allocated by Gatherer based on Xxxxxxx’s Gas volumes in the System proportionate to total Gas volume in the System.

  • Subject to the terms of this Agreement, Xxxxxxxx will receive, accept and gather the Dedicated Production at the Receipt Points, and deliver the Dedicated Production at the Delivery Points, less applicable Fuel and Lost Gas.

  • During each Month, the cap on Fuel and Lost Gas is two percent (2%) of total Gas volumes on the System for Xxxxxxx’s account at the Receipt Points.

  • Gatherer will exercise prudent operational oversight on each System to minimize the potential for Lost Gas.

  • All Lost Gas on a System caused by the actions of unaffiliated Third Parties and recovered by Xxxxxxxx shall be credited, proportionately on an MMBtu basis, to all shippers on such System.


More Definitions of Lost Gas

Lost Gas refers to the gas which escaped from the core during the core lifting process.
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Lost Gas means the decrease in Gross Heating Value (expressed in MMBtus) which results from lost and unaccounted for Gas on the Gathering System. Shipper’s proportionate share of Lost Gas shall be stated in MMBtus and shall be determined in accordance with Gatherer’s standard allocation procedures on a proportional basis; provided, however, that, Shipper’s average proportionate share of Lost Gas for each 12 Month period ending on an anniversary of the Effective Date (an “Annual Period”) shall not exceed three and one-half percent (3.5%) of the Gas tendered by Shipper at the Receipt Points during such 12 Month period; provided, further, that Gatherer shall use commercially reasonable efforts to minimize Lost Gas. Lost Gas shall be calculated as an amount equal to the sum of all System Receipts minus the sum of all System Deliveries stated in MMBtus. System Receipts shall consist of all Gas delivered to at all receipt points (including the Receipt Points) on the Gathering System. System Deliveries shall consist of all Gas delivered to all delivery points on the Gathering System (including the Delivery Points), all Gas delivered to producers connected to the Gathering System (including Shipper) to support Gas Lift Operations, Gas flared on the Gathering System, fuel used in the operation of the Gathering System and Drip collected on the Gathering System. The percentage of Lost Gas shall be calculated as the sum of all System Receipts minus all System Deliveries divided by the sum of all System Receipts. Each Month, Gatherer shall report to Shipper the total Lost Gas on the Gathering System and Shipper’s proportionate share of Lost Gas. At the end of each Annual Period, if Shipper’s average proportionate share of Lost Gas for such Annual Period exceeds three and one-half (3.5%), then Gatherer shall pay Shipper an amount equal to the amount of Lost Gas for such Annual Period in excess of 3.5% multiplied by the average of the index prices as reported in Inside FERC’s Gas Market Report first issue published during each of the Months in such Annual Period, under the heading “Prices of Spot Gas Delivered to Pipelines (per MMBTU) using the Houston Ship Channel Index.”
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Related to Lost Gas

  • Fuel Gas means Gas used as fuel for the operation of the Transportation System.

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • Gas means any mixture of hydrocarbons and noncombustible gases in a gaseous state consisting primarily of methane.

  • Downtime means the Total Minutes in the Month during which the Cloud Service (or Servers for Server Provisioning) does not respond to a request from SAP’s Point of Demarcation for the data center providing the Cloud Service (or Server for Server Provisioning), excluding Excluded Downtime.

  • Consequential Loss means loss of profits, anticipated loss of profit or revenue, loss of production, loss of business opportunity, loss of or damage to goodwill or reputation, loss of use or any other similar loss, but excludes: