The agreement allows NLE to invest up to C$1 billion in the Keystone XL pipeline project. Otherwise, a countryman knocks on the door. The gas company he represents does not want to lease your oil and gas rights; However, it wants to place a pipeline over your country to transport its gas and possibly other substances. Need a priority? What are the things you and your country need to consider to protect yourself? One of the first thoughts is the number of pipelines that the gas company wants to put on your land. It is not uncommon for a gas company to want to place more than one pipeline in your country. In this case, each pipeline must be considered separately, with separate compensation for the right to install each pipeline in your country. An agreement with a sovereign state for the financing, project and construction of a pipeline. The central issue for investors was to ensure that there was no obligation or liability with respect to the pipeline prior to the existence of all the permits, licences and authorizations, as well as all commercial contracts for the pipeline. Agreements on the removal of crude oil from marine terminals.
A particular difficulty in loading CIS naval terminals may be the timing of ships arriving during the bad winter months, when missed loading windows may limit the acceptance of crude oil in a pipeline and limit production. First, it should be noted that, in both scenarios, you should consult a lawyer who is familiar with oil and gas leasing, priority law and oil and gas legislation. Do NOT try to negotiate the terms of an oil and gas agreement or a priority right agreement. If you do, you may be doing yourself a disservice. If you do not consult a lawyer who deals with oil and gas legislation, it is possible to ignore the provisions that should be included in a lease or a self-suit request for your protection. Once you have signed a rental agreement or priority right, it may be too late for a lawyer to help you if problems arise later. The agreement will enter into force after the closure of Slovenian and Russian internal procedures. In Slovenia, the internal procedure is to ratify the agreement by Parliament. Once the internal procedures of both parties have been completed, the agreement will remain in force for 30 years.
At the end of this period, an automatic five-year extension is agreed, unless the parties decide otherwise. If no positive decision is taken by the parties on the construction of the pipeline before October 1, 2013, the agreement expires unless otherwise agreed. A countryman knocks on your door. The gas company he represents wants to lease your oil and gas rights. Part of the lease involves transporting gas, possibly other substances, through your country, either from a well drilled on your land or from a well drilled on other surfaces.