25.07.2021

Mandatory cash balancing: When the underproduced quantity of gas available to an underproduced party exceeds the threshold set in the agreement, the amount exceeding said threshold will be balanced in cash.

Penultimate cash balancing: When the remaining gas quantity in the lease is x BCM, the remaining underproduced quantity of gas available to the underproduced party at that date will be balanced in cash.

Final cash balancing: After the earlier of either the end of production from the Tamar reservoir or the expiration of the Tamar lease, the remaining underproduced quantity of gas available to the underproduced party at that date will be balanced in cash.

 

Gina Cohen
Natural Gas Expert
Phone:
972-54-4203480
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