New Hampshire 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. New Hampshire Gas Storage Service Agreement is a comprehensive contract that outlines the terms and conditions for utilizing gas storage services in the state of New Hampshire, United States. This agreement is crucial for businesses, utilities, and individuals who require gas storage facilities for various purposes. This Gas Storage Service Agreement encompasses the rights, responsibilities, and obligations of both the gas storage service provider and the customer. It establishes a legally binding framework that ensures the efficient and smooth functioning of gas storage operations, while also safeguarding the interests of all parties involved. Key provisions typically included in a New Hampshire Gas Storage Service Agreement may include the following: 1. Parties: Identification of the gas storage service provider and the customer, defining their roles and responsibilities. 2. Storage Capacity: The agreement specifies the allocated storage capacity in terms of volume or other relevant units, ensuring customers have a clear understanding of the storage space available to them. 3. Injection and Withdrawal Services: It delineates the conditions and procedures for injecting gas into the storage facility during periods of low demand and withdrawing gas when needed, facilitating a consistent supply. 4. Operational Parameters: The agreement defines the minimum and maximum pressure levels, as well as the temperature range for efficient gas storage operations. 5. Tariffs and Fees: It outlines the rates, charges, and payment terms associated with gas storage services, ensuring transparency and facilitating accurate billing. 6. Force Mature: This section addresses circumstances beyond the control of either party that may impact the performance of the agreement, such as natural disasters or regulatory changes. There may be different types of New Hampshire Gas Storage Service Agreements based on varying requirements and contractual arrangements, such as: 1. Firm Storage Service Agreement: Provides customers with guaranteed access to a predetermined storage capacity for a specified duration without interruption. 2. Interruptible Storage Service Agreement: Allows customers to access storage capacity on a non-guaranteed basis, subject to availability and allowing for interruptions based on the gas storage service provider's requirements. 3. Seasonal Storage Service Agreement: Tailored for customers requiring gas storage services only during specific seasons or periods, such as heating facilities during the winter. In conclusion, a New Hampshire Gas Storage Service Agreement is a critical contract that facilitates the utilization of gas storage services by establishing the terms and conditions for both service providers and customers. Various types of agreements exist to accommodate different storage requirements and service durations.

New Hampshire Gas Storage Service Agreement is a comprehensive contract that outlines the terms and conditions for utilizing gas storage services in the state of New Hampshire, United States. This agreement is crucial for businesses, utilities, and individuals who require gas storage facilities for various purposes. This Gas Storage Service Agreement encompasses the rights, responsibilities, and obligations of both the gas storage service provider and the customer. It establishes a legally binding framework that ensures the efficient and smooth functioning of gas storage operations, while also safeguarding the interests of all parties involved. Key provisions typically included in a New Hampshire Gas Storage Service Agreement may include the following: 1. Parties: Identification of the gas storage service provider and the customer, defining their roles and responsibilities. 2. Storage Capacity: The agreement specifies the allocated storage capacity in terms of volume or other relevant units, ensuring customers have a clear understanding of the storage space available to them. 3. Injection and Withdrawal Services: It delineates the conditions and procedures for injecting gas into the storage facility during periods of low demand and withdrawing gas when needed, facilitating a consistent supply. 4. Operational Parameters: The agreement defines the minimum and maximum pressure levels, as well as the temperature range for efficient gas storage operations. 5. Tariffs and Fees: It outlines the rates, charges, and payment terms associated with gas storage services, ensuring transparency and facilitating accurate billing. 6. Force Mature: This section addresses circumstances beyond the control of either party that may impact the performance of the agreement, such as natural disasters or regulatory changes. There may be different types of New Hampshire Gas Storage Service Agreements based on varying requirements and contractual arrangements, such as: 1. Firm Storage Service Agreement: Provides customers with guaranteed access to a predetermined storage capacity for a specified duration without interruption. 2. Interruptible Storage Service Agreement: Allows customers to access storage capacity on a non-guaranteed basis, subject to availability and allowing for interruptions based on the gas storage service provider's requirements. 3. Seasonal Storage Service Agreement: Tailored for customers requiring gas storage services only during specific seasons or periods, such as heating facilities during the winter. In conclusion, a New Hampshire Gas Storage Service Agreement is a critical contract that facilitates the utilization of gas storage services by establishing the terms and conditions for both service providers and customers. Various types of agreements exist to accommodate different storage requirements and service durations.