The Tennessee Gas Storage Service Agreement, commonly known as the Tennessee Gas Storage Agreement, is a contractual agreement between Tennessee Gas Pipeline Company and its customers for the provision of natural gas storage services. This agreement establishes the terms and conditions under which natural gas can be stored, withdrawn, and delivered within Tennessee Gas Pipeline's storage facilities. The Tennessee Gas Storage Service Agreement offers various types of storage services to meet the diverse needs of its customers. These services include: 1. Firm Storage Service: This type of service ensures that customers have access to a specific quantity of stored natural gas whenever they need it. It provides reliability and priority over other types of services, ensuring a consistent supply of gas during high-demand periods or unforeseen events. Customers opting for this service are guaranteed firm access to their reserved storage capacity, which cannot be interfered with or interrupted. 2. Interruptible Storage Service: This service is offered to customers who can tolerate occasional interruptions in their natural gas supply. It provides access to storage capacity on a non-firm basis, meaning that during periods of high demand or system constraints, the availability of stored gas may be curtailed or interrupted. Interruptible storage service is often more cost-effective than firm storage service and is suitable for customers who can manage fluctuations in gas supply. 3. Park and Loan Services: The Tennessee Gas Storage Service Agreement also provides customers with the option to park or loan natural gas in their storage facilities. Park service enables customers to inject excess natural gas into the storage system during periods of low demand or when market prices are unfavorable. This gas can be held in storage until it is needed and can be withdrawn subsequently. On the other hand, loan service allows customers to withdraw more natural gas from storage than they have actually stored. This flexibility provides an opportunity for customers to optimize their gas portfolio management and take advantage of market conditions. 4. Swing and Balancing Services: Tennessee Gas Storage Agreement also offers swing and balancing services to customers, enabling them to manage their natural gas supply quickly and efficiently. Swing service allows customers to quickly adjust their stored gas levels according to demand fluctuations within predefined gas quantity limits. Balancing service, on the other hand, allows customers to correct imbalances between their actual and scheduled gas deliveries, helping them maintain system stability and meet contractual obligations. Overall, the Tennessee Gas Storage Service Agreement provides a range of options to its customers, ensuring flexibility, reliability, and cost-effectiveness in the management of their natural gas supply. Whether customers require firm storage capacity or can accommodate interruptions, or need services for portfolio management, Tennessee Gas Storage Agreement caters to diverse needs within the natural gas industry.
Tennessee Gas Storage Service Agreement
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How to fill out Tennessee Gas Storage Service Agreement?
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