Maine 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 Maine Gas Storage Service Agreement is a legally binding contract between a gas storage operator and a customer in the state of Maine, outlining the terms and conditions for storing natural gas in underground facilities. This agreement aims to provide both parties with a clear understanding of their respective rights and responsibilities in relation to gas storage services. The agreement typically includes several key provisions, including the duration of the contract, the quantity of gas to be stored, the injection and withdrawal rights, and the rates and charges associated with the storage service. It also specifies the responsibilities for maintenance, repairs, and insurance coverage of the storage facilities. Maine Gas Storage Service Agreements may differ based on the specific types of storage services available. These can include: 1. Seasonal Storage Agreement: This type of agreement allows customers to store natural gas during certain seasons when demand is lower and withdraw it during peak seasons. It ensures a reliable supply of gas during times of higher demand and potentially volatile prices. 2. Firm Storage Agreement: This agreement provides customers with firm, uninterrupted access to their stored gas, ensuring its availability even during periods of high demand or disruptions in the supply chain. It typically involves higher charges but offers greater reliability. 3. Interruptible Storage Agreement: An interruptible storage service offers customers the option to receive cheaper rates in exchange for the storage operator being able to interrupt or curtail their access to the stored gas during peak demand periods or emergencies. This type of agreement is suitable for customers who can manage supply interruptions or have alternative sources available. 4. Hub-Based Storage Agreement: Some agreements may be tailored to give customers access to gas storage facilities located at strategic hubs, providing additional flexibility in managing gas supply by offering access to multiple supply sources and markets. Regardless of the specific type of agreement, the Maine Gas Storage Service Agreement ensures that both the gas storage operator and the customer have a clear understanding of their obligations, liabilities, and entitlements when it comes to gas storage services in the state.

The Maine Gas Storage Service Agreement is a legally binding contract between a gas storage operator and a customer in the state of Maine, outlining the terms and conditions for storing natural gas in underground facilities. This agreement aims to provide both parties with a clear understanding of their respective rights and responsibilities in relation to gas storage services. The agreement typically includes several key provisions, including the duration of the contract, the quantity of gas to be stored, the injection and withdrawal rights, and the rates and charges associated with the storage service. It also specifies the responsibilities for maintenance, repairs, and insurance coverage of the storage facilities. Maine Gas Storage Service Agreements may differ based on the specific types of storage services available. These can include: 1. Seasonal Storage Agreement: This type of agreement allows customers to store natural gas during certain seasons when demand is lower and withdraw it during peak seasons. It ensures a reliable supply of gas during times of higher demand and potentially volatile prices. 2. Firm Storage Agreement: This agreement provides customers with firm, uninterrupted access to their stored gas, ensuring its availability even during periods of high demand or disruptions in the supply chain. It typically involves higher charges but offers greater reliability. 3. Interruptible Storage Agreement: An interruptible storage service offers customers the option to receive cheaper rates in exchange for the storage operator being able to interrupt or curtail their access to the stored gas during peak demand periods or emergencies. This type of agreement is suitable for customers who can manage supply interruptions or have alternative sources available. 4. Hub-Based Storage Agreement: Some agreements may be tailored to give customers access to gas storage facilities located at strategic hubs, providing additional flexibility in managing gas supply by offering access to multiple supply sources and markets. Regardless of the specific type of agreement, the Maine Gas Storage Service Agreement ensures that both the gas storage operator and the customer have a clear understanding of their obligations, liabilities, and entitlements when it comes to gas storage services in the state.