Kansas 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 Kansas Gas Storage Service Agreement is a legal contract that outlines the terms and conditions between a natural gas storage operator and a customer for the storage and withdrawal of natural gas in the state of Kansas. This agreement sets forth the obligations, rights, and responsibilities of both parties involved in the gas storage services. Keywords: Kansas, gas storage, service agreement, natural gas, storage operator, customer, obligations, rights, responsibilities, gas storage services. 1. Types of Kansas Gas Storage Service Agreements: a. Interruptible Gas Storage Service Agreement: This type of agreement provides customers with the flexibility to withdraw gas from storage on short notice, but there is no guarantee of availability during peak demand periods. This agreement is often chosen by customers who have alternative sources of supply or those who prioritize cost over reliability. b. Firm Gas Storage Service Agreement: This agreement ensures a fixed amount of stored gas is available to the customer during specified periods, guaranteeing supply even during peak demand conditions. This type of agreement offers greater reliability but usually comes with higher costs. Detailed description of Kansas Gas Storage Service Agreement: The Kansas Gas Storage Service Agreement is a legally binding document that establishes the terms and conditions for natural gas storage services between a storage operator and a customer. This agreement ensures a reliable and secure supply of natural gas, both for the storage operator and customers, in the state of Kansas. The agreement outlines the obligations and responsibilities of each party involved. The storage operator is responsible for maintaining and operating the gas storage facility in compliance with safety regulations and industry standards. They must provide adequate gas storage capacity and ensure the availability of gas to the customer according to the agreed terms. The customer, on the other hand, agrees to pay for the gas storage service based on the specified pricing and payment terms. They must adhere to the agreed-upon withdrawal and injection schedules, providing advance notice if any changes are required. The customer is also responsible for ensuring the quality and compatibility of the gas supplied for storage. The Kansas Gas Storage Service Agreement may vary depending on the type of service chosen. Interruptible Gas Storage Service Agreement allows customers to withdraw stored gas on short notice but without a guarantee of availability during peak demand periods. In contrast, the Firm Gas Storage Service Agreement guarantees a fixed amount of stored gas for the customer, providing a higher level of reliability but with correspondingly higher costs. Important clauses typically included in a Kansas Gas Storage Service Agreement are duration, termination, force majeure, pricing, invoicing, liability, dispute resolution, and confidential information provisions. Both parties may also incorporate specific terms related to gas quality standards, capacity rights, working gas inventory, and operational procedures. In conclusion, the Kansas Gas Storage Service Agreement serves as a crucial legal framework that ensures the smooth and efficient operation of natural gas storage services in Kansas. It provides clarity and protection to both the storage operator and the customer by defining their respective rights, responsibilities, and obligations.

The Kansas Gas Storage Service Agreement is a legal contract that outlines the terms and conditions between a natural gas storage operator and a customer for the storage and withdrawal of natural gas in the state of Kansas. This agreement sets forth the obligations, rights, and responsibilities of both parties involved in the gas storage services. Keywords: Kansas, gas storage, service agreement, natural gas, storage operator, customer, obligations, rights, responsibilities, gas storage services. 1. Types of Kansas Gas Storage Service Agreements: a. Interruptible Gas Storage Service Agreement: This type of agreement provides customers with the flexibility to withdraw gas from storage on short notice, but there is no guarantee of availability during peak demand periods. This agreement is often chosen by customers who have alternative sources of supply or those who prioritize cost over reliability. b. Firm Gas Storage Service Agreement: This agreement ensures a fixed amount of stored gas is available to the customer during specified periods, guaranteeing supply even during peak demand conditions. This type of agreement offers greater reliability but usually comes with higher costs. Detailed description of Kansas Gas Storage Service Agreement: The Kansas Gas Storage Service Agreement is a legally binding document that establishes the terms and conditions for natural gas storage services between a storage operator and a customer. This agreement ensures a reliable and secure supply of natural gas, both for the storage operator and customers, in the state of Kansas. The agreement outlines the obligations and responsibilities of each party involved. The storage operator is responsible for maintaining and operating the gas storage facility in compliance with safety regulations and industry standards. They must provide adequate gas storage capacity and ensure the availability of gas to the customer according to the agreed terms. The customer, on the other hand, agrees to pay for the gas storage service based on the specified pricing and payment terms. They must adhere to the agreed-upon withdrawal and injection schedules, providing advance notice if any changes are required. The customer is also responsible for ensuring the quality and compatibility of the gas supplied for storage. The Kansas Gas Storage Service Agreement may vary depending on the type of service chosen. Interruptible Gas Storage Service Agreement allows customers to withdraw stored gas on short notice but without a guarantee of availability during peak demand periods. In contrast, the Firm Gas Storage Service Agreement guarantees a fixed amount of stored gas for the customer, providing a higher level of reliability but with correspondingly higher costs. Important clauses typically included in a Kansas Gas Storage Service Agreement are duration, termination, force majeure, pricing, invoicing, liability, dispute resolution, and confidential information provisions. Both parties may also incorporate specific terms related to gas quality standards, capacity rights, working gas inventory, and operational procedures. In conclusion, the Kansas Gas Storage Service Agreement serves as a crucial legal framework that ensures the smooth and efficient operation of natural gas storage services in Kansas. It provides clarity and protection to both the storage operator and the customer by defining their respective rights, responsibilities, and obligations.