Alaska Gas Storage Service Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-1014
• Format: Word; Rich Text

Description

This is an agreement for gas storage service. The Alaska Gas Storage Service Agreement is a legally binding contract between a gas storage service provider and a gas storage customer in Alaska. It outlines the terms and conditions under which natural gas can be stored and delivered to meet the customer's needs. This agreement ensures that the provider can efficiently manage gas supplies and maintain a stable and secure storage facility, while the customer benefits from reliable access to stored gas during peak demand periods, maintenance shutdowns, or supply disruptions. The agreement typically covers various aspects, such as storage capacity, injection and withdrawal rights, services, fees, obligations, and liabilities. There are different types of Alaska Gas Storage Service Agreements, designed to cater to different customer needs: 1. Firm Storage Service Agreement: This type of agreement offers customers guaranteed access to a specified storage capacity throughout the contract term. The provider must prioritize the customer's gas injections and withdrawals, ensuring their needs are met even during peak demand periods. The customer pays a fixed fee for the reserved capacity, regardless of usage. 2. Interruptible Storage Service Agreement: With this agreement, customers can access gas storage on a non-guaranteed basis. The provider can interrupt or restrict access to storage facilities if the system is at or nearing its capacity, ensuring firm customers are prioritized. The customer pays a lower fee compared to the firm service agreement but risks potential interruptions during high-demand periods. 3. Hub Services Agreement: This agreement allows customers to use the provider's storage facilities as a hub for gas transportation, injections, and withdrawals between different interconnected pipelines or regions. It offers flexibility and strategic advantages for customers seeking to optimize their gas supply and transport logistics. 4. Intraday Services Agreement: This type of agreement caters to customers who require short-term or same-day injections and withdrawals to meet unpredictable or sudden changes in gas demand. It allows for time-sensitive and flexible access to gas storage within the framework of the provider's policies and available capacity. These different types of Alaska Gas Storage Service Agreements address diverse needs and risk tolerances of gas storage customers, ensuring they have options to suit their operational requirements and budget constraints. The agreements play a crucial role in facilitating efficient, reliable, and cost-effective gas storage services in Alaska's dynamic energy market.

The Alaska Gas Storage Service Agreement is a legally binding contract between a gas storage service provider and a gas storage customer in Alaska. It outlines the terms and conditions under which natural gas can be stored and delivered to meet the customer's needs. This agreement ensures that the provider can efficiently manage gas supplies and maintain a stable and secure storage facility, while the customer benefits from reliable access to stored gas during peak demand periods, maintenance shutdowns, or supply disruptions. The agreement typically covers various aspects, such as storage capacity, injection and withdrawal rights, services, fees, obligations, and liabilities. There are different types of Alaska Gas Storage Service Agreements, designed to cater to different customer needs: 1. Firm Storage Service Agreement: This type of agreement offers customers guaranteed access to a specified storage capacity throughout the contract term. The provider must prioritize the customer's gas injections and withdrawals, ensuring their needs are met even during peak demand periods. The customer pays a fixed fee for the reserved capacity, regardless of usage. 2. Interruptible Storage Service Agreement: With this agreement, customers can access gas storage on a non-guaranteed basis. The provider can interrupt or restrict access to storage facilities if the system is at or nearing its capacity, ensuring firm customers are prioritized. The customer pays a lower fee compared to the firm service agreement but risks potential interruptions during high-demand periods. 3. Hub Services Agreement: This agreement allows customers to use the provider's storage facilities as a hub for gas transportation, injections, and withdrawals between different interconnected pipelines or regions. It offers flexibility and strategic advantages for customers seeking to optimize their gas supply and transport logistics. 4. Intraday Services Agreement: This type of agreement caters to customers who require short-term or same-day injections and withdrawals to meet unpredictable or sudden changes in gas demand. It allows for time-sensitive and flexible access to gas storage within the framework of the provider's policies and available capacity. These different types of Alaska Gas Storage Service Agreements address diverse needs and risk tolerances of gas storage customers, ensuring they have options to suit their operational requirements and budget constraints. The agreements play a crucial role in facilitating efficient, reliable, and cost-effective gas storage services in Alaska's dynamic energy market.