Month: October 2011

means for any Contract Year a quantity of Gas equal to the sum of Buyer’s Annual Deficiency Quantities in prior Contract Years less the sum of the Make-Up Quantities taken in prior Contract Years and expired Make-Up Aggregate

A distance of 500 meters from the center of the air gun array.

Refers to the amount of natural gas squeezed in the transmission system at any given time and which represents in balancing terms the operational flexibility within the network to run at lower or higher pressure, and provides some form of storage / back-up system.