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Can natural gas be shipped?

In its compact liquid form, natural gas can be shipped in special tankers to terminals around the world. At these terminals, the LNG is returned to its gaseous state and transported by pipeline to distribution companies, industrial consumers, and power plants.

What are gathering fees oil and gas?

The gathering fee is an amount set in the agreement that is multiplied by the quantity of producers gas or oil gathered by the gathering system during a given period of time, generally one month.

What is a gas gathering agreement?

Gathering agreements set the contractual framework for the rendering of gathering services by midstream oil gas companies to upstream producers. They are highly specialized agreements involving complex technical, commercial, and legal issues.

What does precedent mean in real estate?

n. 1) in a contract, an event which must take place before a party to a contract must perform or do their part. 2) in a deed to real property, an event which has to occur before the title (or other right) to the property will actually be in the name of the party receiving title.

What is a natural gas asset management agreement?

Typical natural gas optimization agreements. Reporting entities may enter into arrangements with third parties to manage their natural gas supply, transportation, storage, or any combination thereof. These arrangements are generally referred to as asset optimization agreements or natural gas optimization agreements.

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