Arkansas Precedent Agreement for Firm Natural Gas Storage Service
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How to fill out Precedent Agreement For Firm Natural Gas Storage Service?
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FAQ
Authorizes the President to order transfers of supplies of interstate natural gas from one pipeline to another, or order the construction and generation of additional facilities to alleviate natural gas shortages. Stipulates that no such delivery or transportation may continue after April 30, 1977.
The Natural Gas Policy Act of 1978 (NGPA) authorized the Federal Energy Regulatory Commission (FERC) to regulate both intrastate and interstate natural gas production and transmission. In addition, the act set price ceilings for wellhead first sales of gas, though these were later repealed.
A contract used in the oil & gas industry that obligates the buyer to take an agreed minimum quantity of gas at a set contract price over a given period of time or to pay an agreed-on amount if the minimum gas quantity is not taken.
The exemption applies to companies engaged in the transportation, sale, or resale of natural gas in interstate commerce if: (a) they receive gas at or within the boundaries of the state from another person at or within the boundaries of that state; (b) such gas is ultimately consumed in such state; (c) the rates, ...
Interstate pipelines are 8-24 inches in diameter and carry natural gas across state boundaries?in some cases, clear across the country. Intrastate natural gas pipelines operate within state borders and link natural gas producers to local markets and the interstate pipeline network.
The Natural Gas Policy Act of 1978 17. NGPA section 311 authorizes the Commission to allow intrastate pipelines to transport natural gas ?on behalf of? interstate pipelines or local distribution companies served by interstate pipelines.
