Mississippi Gas Storage Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-723
• Format: Word; Rich Text

Description

This form is used when Owner owns and operates underground gas storage facilities and Customer desires storage service for natural gas to serve its Plant, and Owner is willing to render such storage services. The Mississippi Gas Storage Agreement is a legally binding contract that outlines the terms and conditions between a gas storage provider and a gas storage customer in the state of Mississippi. This agreement governs the storage, withdrawal, and injection of natural gas in underground storage facilities within the state. Keywords: Mississippi Gas Storage Agreement, gas storage provider, gas storage customer, natural gas, underground storage facilities. There are various types of Mississippi Gas Storage Agreements based on the specific needs and requirements of the parties involved. Some commonly seen types are: 1. Firm Storage Agreement: This type of agreement guarantees that a certain amount of storage capacity will be reserved exclusively for a specific customer. The customer pays a fixed fee to secure this capacity throughout the contract term and has the right to inject and withdraw gas as per their requirements. 2. Interruptible Storage Agreement: In contrast to the firm storage agreement, this type of agreement does not guarantee reserved storage capacity. The gas storage provider can interrupt or curtail the customer's gas injection or withdrawal, typically with prior notice, based on operational requirements or high demand periods. 3. Wheeling Agreement: This agreement allows a gas storage customer to transport natural gas owned by them or a third party through a gas storage provider's facilities for a fee. It provides flexibility in terms of gas movement without the need for physical ownership of the stored gas. 4. Hub Services Agreement: Hub services agreements facilitate the exchange of natural gas supplies at a centralized hub. Gas storage providers offer these agreements to allow customers to inject surplus gas into storage during periods of low demand and withdraw it during periods of high demand or supply disruptions. The Mississippi Gas Storage Agreement typically includes important terms such as injection/withdrawal rights, gas storage fees and charges, quality specifications, operational procedures, and liability provisions. It also usually covers issues such as force majeure, indemnity, and dispute resolution mechanisms. In conclusion, the Mississippi Gas Storage Agreement is a vital contract that governs the terms of natural gas storage within the state. The different types of agreements cater to various customer needs and provide flexibility in gas storage and movement.

The Mississippi Gas Storage Agreement is a legally binding contract that outlines the terms and conditions between a gas storage provider and a gas storage customer in the state of Mississippi. This agreement governs the storage, withdrawal, and injection of natural gas in underground storage facilities within the state. Keywords: Mississippi Gas Storage Agreement, gas storage provider, gas storage customer, natural gas, underground storage facilities. There are various types of Mississippi Gas Storage Agreements based on the specific needs and requirements of the parties involved. Some commonly seen types are: 1. Firm Storage Agreement: This type of agreement guarantees that a certain amount of storage capacity will be reserved exclusively for a specific customer. The customer pays a fixed fee to secure this capacity throughout the contract term and has the right to inject and withdraw gas as per their requirements. 2. Interruptible Storage Agreement: In contrast to the firm storage agreement, this type of agreement does not guarantee reserved storage capacity. The gas storage provider can interrupt or curtail the customer's gas injection or withdrawal, typically with prior notice, based on operational requirements or high demand periods. 3. Wheeling Agreement: This agreement allows a gas storage customer to transport natural gas owned by them or a third party through a gas storage provider's facilities for a fee. It provides flexibility in terms of gas movement without the need for physical ownership of the stored gas. 4. Hub Services Agreement: Hub services agreements facilitate the exchange of natural gas supplies at a centralized hub. Gas storage providers offer these agreements to allow customers to inject surplus gas into storage during periods of low demand and withdraw it during periods of high demand or supply disruptions. The Mississippi Gas Storage Agreement typically includes important terms such as injection/withdrawal rights, gas storage fees and charges, quality specifications, operational procedures, and liability provisions. It also usually covers issues such as force majeure, indemnity, and dispute resolution mechanisms. In conclusion, the Mississippi Gas Storage Agreement is a vital contract that governs the terms of natural gas storage within the state. The different types of agreements cater to various customer needs and provide flexibility in gas storage and movement.