Home > Term: favored nation clause
favored nation clause
A provision in a gas purchase contract between a purchaser and a producer which increases the price to be paid for natural gas if any producer in the same field receives a higher price for natural gas than the price stipulated in the contract.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Ενέργεια
- Category: Φυσικό αέριο
- Company: AGA
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