Definition(s)

Shortfall of Petroleum Deliveries in the Province

In this section, “shortfall of petroleum deliveries in the Province” means deliveries of petroleum that are inadequate to supply, on commercial terms,

  1. the end use consumption demands of all consumers in the Province;
  2. feedstock requirements of industrial facilities that are in place in the Province on January 31, 1986; and
  3. the feedstock requirements of any refining facility located in the Province that was not in place on January 31, 1986 where the feedstock requirements required to satisfy the demand of industrial capacity, as of January 31, 1986, in the Provinces of Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland have been met.

Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation

Comments are closed.