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Equivalent volumes
The term "Equivalent Volumes" shall mean the sum of the volumes of gas measured in MMBtu received by Transporter for the account of Shipper at the Transporter Receipt Point(s) during any given period of time, (a) reduced by a percentage for Fuel Gas consumed and a percentage for Gas Lost and Unaccounted For on Transporter's system as provided in the Agreement, (b) reduced by any plant volume reductions assessed as a result of Shipper's or its supplier's election to process the gas, and (c) adjusted for any variations in Btu content. It is the intent of the parties that the volumes of gas delivered at the Transporter Delivery Point(s) after transportation shall be the equivalent in Balancing Units of the volumes of gas received at the Transporter Receipt Point(s) for transportation, as adjusted for items (a), (b) and (c) above.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Energy
- Category: Natural gas
- Company: AGA
- Product:
- Acronym-Abbreviation:
Other Languages:
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