Montana 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. Montana Gas Storage Agreement refers to a legal contract between a natural gas storage provider and a customer, outlining the terms and conditions for the storage of natural gas within the state of Montana. This agreement governs the rights, obligations, and responsibilities of both parties involved in the gas storage process. The Montana Gas Storage Agreement encompasses various key aspects, including storage capacity, usage rights, injection and withdrawal procedures, pricing structure, payment terms, and force majeure provisions. It also identifies the specifications and quality requirements for the stored natural gas, addressing issues such as pressure limitations, temperature controls, and safety measures. There are different types of Montana Gas Storage Agreements available, tailored to meet the diverse needs of customers. Some of these may include: 1. Firm Storage Agreement: This type of agreement guarantees the customer a fixed amount of gas storage capacity for an agreed-upon term. The customer has the right to inject and withdraw gas as per their requirements during the agreed storage period. 2. Interruptible Storage Agreement: This agreement offers customers storage capacity that can be subject to interruption by the storage provider during times of high demand or operational necessities. Customers benefit from lower rates compared to firm storage agreements, but they have limited assurance of uninterrupted access to the stored gas. 3. Wheeling Storage Agreement: In this type of agreement, customers store their natural gas in Montana but have the flexibility to transport it to other locations through an interconnected pipeline system. This option allows customers to optimize their natural gas supply chain by utilizing storage assets strategically. 4. Seasonal Storage Agreement: This agreement enables customers to store natural gas during particular seasons when demand is relatively low and withdraw it during peak demand periods. Seasonal storage helps in managing fluctuations in demand and ensures a stable gas supply, especially during extreme weather conditions or unforeseen events. Overall, Montana Gas Storage Agreements offer customers the opportunity to secure reliable and flexible storage services for natural gas within the state, ensuring a dependable supply of gas to meet their operational needs.

Montana Gas Storage Agreement refers to a legal contract between a natural gas storage provider and a customer, outlining the terms and conditions for the storage of natural gas within the state of Montana. This agreement governs the rights, obligations, and responsibilities of both parties involved in the gas storage process. The Montana Gas Storage Agreement encompasses various key aspects, including storage capacity, usage rights, injection and withdrawal procedures, pricing structure, payment terms, and force majeure provisions. It also identifies the specifications and quality requirements for the stored natural gas, addressing issues such as pressure limitations, temperature controls, and safety measures. There are different types of Montana Gas Storage Agreements available, tailored to meet the diverse needs of customers. Some of these may include: 1. Firm Storage Agreement: This type of agreement guarantees the customer a fixed amount of gas storage capacity for an agreed-upon term. The customer has the right to inject and withdraw gas as per their requirements during the agreed storage period. 2. Interruptible Storage Agreement: This agreement offers customers storage capacity that can be subject to interruption by the storage provider during times of high demand or operational necessities. Customers benefit from lower rates compared to firm storage agreements, but they have limited assurance of uninterrupted access to the stored gas. 3. Wheeling Storage Agreement: In this type of agreement, customers store their natural gas in Montana but have the flexibility to transport it to other locations through an interconnected pipeline system. This option allows customers to optimize their natural gas supply chain by utilizing storage assets strategically. 4. Seasonal Storage Agreement: This agreement enables customers to store natural gas during particular seasons when demand is relatively low and withdraw it during peak demand periods. Seasonal storage helps in managing fluctuations in demand and ensures a stable gas supply, especially during extreme weather conditions or unforeseen events. Overall, Montana Gas Storage Agreements offer customers the opportunity to secure reliable and flexible storage services for natural gas within the state, ensuring a dependable supply of gas to meet their operational needs.