Transportation And Processing Agreement

Overall, the volume of crude oil transportation reached a record 4.7 million bpd in the fourth quarter, compared to about 4.3 million bpd the previous year, mainly due to volume growth in the Bakken Basin and increased flows to its Texas pipelines. (vii) the maximum rate of supply of gas without capacity at this stage during the proposed transport period; and in favour of the interpretation of TGTL: there are strong linguistic reasons to believe that “the proposed transport period”, in accordance with Article 4.6, point a) (vii), refers to the period between the date of transport … “the estimated date on which it is proposed to end” in the sense of point 4.6 (iv) and v). This interpretation is consistent with the language of the clause and Article 4.6 does not mention any other “proposed promotion period.” Therefore, the maximum rate applicable at any time during the period covered by transport and processing agreements with third-party shippers (`TPP`) is set at 4.6 a) (vii) above. (vi) the specifications in a format agreed to on the date of paragraph (ii), as well as a good-faith estimate of the composition of this non-capacity gas during the proposed transport period; The central area Transmission System (cats) is a natural gas transmission and processing system that transports gas from the central North Sea to a processing terminal in Teesside. In Teesside Gas Transportation Limited (hereafter TGTL) v (1) CATS North Sea Limited; (2) Antin CATS Limited; (3) ConocoPhillips Petroleum Company U.K. Limited; and (4) ENI UK Limited [2020] EWCA Civ 503 (the defendants are collectively referred to as “cats parts”), the Court of Appeal ruled on an essential aspect of the operation of a cost-sharing scheme under a transport and treatment agreement. He highlighted the complexity of developing and operating cost-sharing regimes negotiated many years before they came into force. First, caution should be exercised in modeling the cost-shared elements of new transportation and processing agreements based on existing precedents. Many of these precedents are framed in terms that are not easy to interpret and have resulted in differences of opinion between the parties.

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