Nebraska 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. Nebraska Gas Storage Agreement is a legal contract established between a gas storage company and a customer for storing natural gas in underground facilities within the state of Nebraska. This agreement sets forth the terms and conditions under which the customer can access and utilize the storage services provided by the gas storage company. The Nebraska Gas Storage Agreement is a vital document as it ensures a reliable supply of natural gas for customers during times of high demand or supply disruptions. This agreement typically covers important aspects such as storage capacity allocation, injection and withdrawal procedures, pricing, payment terms, term duration, and liability provisions. There are different types of Nebraska Gas Storage Agreements tailored to meet varying customer needs and preferences. Some common types include: 1. Firm Storage Agreement: This type of agreement offers customers the assurance of a fixed capacity for storing natural gas. Customers with a firm storage agreement are entitled to access their storage capacity whenever needed, even during peak demand periods. 2. Interruptible Storage Agreement: This agreement provides customers with storage capacity on a non-guaranteed basis. The gas storage company can interrupt or curtail the storage service during high demand periods or operational constraints. Typically, interruptible storage agreements come at a lower cost compared to firm agreements. 3. Seasonal Storage Agreement: Ideal for customers with seasonal variations in gas demand, this agreement allows customers to store natural gas during off-peak seasons and withdraw it as required during peak demand periods. Seasonal storage agreements offer flexibility and cost savings for customers with predictable seasonal gas consumption patterns. 4. Capacity Release Agreement: This agreement enables a customer to release their contracted storage capacity to another party. It allows customers to monetize their unused or surplus storage capacity and transfer contractual rights and obligations to a third party. Capacity release agreements often require prior approval from the gas storage company. Nebraska Gas Storage Agreements are crucial for ensuring the efficient, reliable, and secure storage of natural gas within the state. These agreements facilitate the smooth operation of the gas storage facilities and play a vital role in meeting the energy demands of customers throughout the year.

Nebraska Gas Storage Agreement is a legal contract established between a gas storage company and a customer for storing natural gas in underground facilities within the state of Nebraska. This agreement sets forth the terms and conditions under which the customer can access and utilize the storage services provided by the gas storage company. The Nebraska Gas Storage Agreement is a vital document as it ensures a reliable supply of natural gas for customers during times of high demand or supply disruptions. This agreement typically covers important aspects such as storage capacity allocation, injection and withdrawal procedures, pricing, payment terms, term duration, and liability provisions. There are different types of Nebraska Gas Storage Agreements tailored to meet varying customer needs and preferences. Some common types include: 1. Firm Storage Agreement: This type of agreement offers customers the assurance of a fixed capacity for storing natural gas. Customers with a firm storage agreement are entitled to access their storage capacity whenever needed, even during peak demand periods. 2. Interruptible Storage Agreement: This agreement provides customers with storage capacity on a non-guaranteed basis. The gas storage company can interrupt or curtail the storage service during high demand periods or operational constraints. Typically, interruptible storage agreements come at a lower cost compared to firm agreements. 3. Seasonal Storage Agreement: Ideal for customers with seasonal variations in gas demand, this agreement allows customers to store natural gas during off-peak seasons and withdraw it as required during peak demand periods. Seasonal storage agreements offer flexibility and cost savings for customers with predictable seasonal gas consumption patterns. 4. Capacity Release Agreement: This agreement enables a customer to release their contracted storage capacity to another party. It allows customers to monetize their unused or surplus storage capacity and transfer contractual rights and obligations to a third party. Capacity release agreements often require prior approval from the gas storage company. Nebraska Gas Storage Agreements are crucial for ensuring the efficient, reliable, and secure storage of natural gas within the state. These agreements facilitate the smooth operation of the gas storage facilities and play a vital role in meeting the energy demands of customers throughout the year.