Hawaii Gas Storage Agreement and Lease (Surface and Underground) refers to a legal contract between a gas storage operator and a lessee for the use and occupation of surface and underground areas in Hawaii for the purpose of storing gas resources. This agreement outlines the terms and conditions related to the storage, use, and access rights of the lessee while specifying the obligations and responsibilities of both parties. The Hawaii Gas Storage Agreement and Lease can be categorized into different types, including: 1. Surface Gas Storage Agreement and Lease: This type of agreement primarily focuses on the utilization of surface areas for gas storage purposes. It involves leasing of land or designated areas for constructing gas storage infrastructure such as above-ground tanks, pipelines, compressors, and related facilities. The lessee may be granted exclusive rights to use the surface area for storage, subject to compliance with relevant laws and regulations. 2. Underground Gas Storage Agreement and Lease: This type of agreement revolves around the usage of underground space, typically in depleted reservoirs, aquifers, or salt caverns for gas storage. It allows lessees to inject and withdraw natural gas or liquefied natural gas (LNG) into specific underground formations, providing crucial reserve capacity for the gas market. The agreement outlines technical aspects, safety measures, and environmental considerations to ensure the proper operation of underground storage facilities. Key elements addressed in the Hawaii Gas Storage Agreement and Lease (Surface and Underground) may include: 1. Duration and Termination: The agreement clarifies the lease duration, renewal options, and conditions for termination or early termination. It also specifies any provisions for extension or conversion of the lease. 2. Access Rights and Easement: The lessee's rights to access the leased areas, construct necessary infrastructure, and maintain or repair the facilities are defined in this agreement. It may also cover easement rights, granting access to pipelines or other transportation networks. 3. Storage Capacity and Operations: The agreement outlines the permitted gas storage capacity allocated to the lessee and the operational procedures, including injection, withdrawal, and inventory management. It may define performance standards, efficiency requirements, and reservoir monitoring obligations to ensure optimal utilization of the storage facility. 4. Responsibilities and Liabilities: The respective responsibilities, obligations, and liabilities of the operator and lessee, such as environmental compliance, maintenance, insurance, and indemnification, are clearly stated in the agreement. 5. Rent, Royalties, and Payments: The financial aspects of the lease agreement, such as rent, royalties, or storage fees, are detailed, including the payment terms, frequency, and any adjustments during the lease term. 6. Regulatory Compliance: The agreement specifies the lessee's responsibility to comply with all applicable federal, state, and local laws, regulations, and permits concerning gas storage operations, safety standards, and environmental protection. In conclusion, the Hawaii Gas Storage Agreement and Lease (Surface and Underground) forms a legally binding contract between a gas storage operator and a lessee, allowing for the authorized use and occupation of surface and underground areas within Hawaii for gas storage.
Hawaii Gas Storage Agreement and Lease (Surface and Underground)
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It is most commonly held in inventory underground under pressure in three types of facilities. These underground facilities are depleted reservoirs in oil and/or natural gas fields, aquifers, and salt cavern formations.
A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.
Unlike underground facilities where the gas is injected in its current state, above ground storage facilities use a process called liquefaction to chill the gas until it changes to liquid.
There are three principal types ? depleted gas reservoirs, aquifer reservoirs and salt cavern reservoirs. Each of these types has distinct physical and economic characteristics which govern the suitability of a particular type of storage type for a given application.
Salt caverns are ideal for gas storage because the salt is impermeable, so the gas cannot escape. This proven technology, which is widely used for propane, natural gas, compressed air and other products, uses brine injection and removal to control propane inflow and outflow from the sealed, pressurized cavern.
Natural gas is stored in large volumes in underground facilities and in smaller volumes in tanks above or below ground.