Description: The New Hampshire Precedent Agreement for Firm Natural Gas Storage Service is a legally binding contract between a firm or business and a natural gas storage service provider in the state of New Hampshire. This agreement outlines the terms, conditions, and obligations for accessing and utilizing natural gas storage facilities in a secure and reliable manner. Key Keywords: — NeHampshireir— - Precedent Agreement - Firm Natural Gas Storage Service — Term— - Conditions - Obligations - Natural Gas Storage Facilities Secureur— - Reliable Types of New Hampshire Precedent Agreement for Firm Natural Gas Storage Services: 1. Short-Term Precedent Agreement: This type of agreement typically spans a shorter duration, such as a few months or a single season. It caters to businesses that require natural gas storage for a specific period or to meet temporary spikes in demand. 2. Long-Term Precedent Agreement: This agreement extends over a longer timeframe, often multiple years, providing businesses with the assurance of uninterrupted natural gas storage services. It suits companies that have consistent or long-term natural gas storage needs, ensuring a secure supply. 3. Capacity Precedent Agreement: This type of precedent agreement focuses on the allocation of storage capacity within a natural gas storage facility. It enables businesses to reserve a set amount of space for their exclusive use, ensuring that their storage needs are met even during high-demand periods. 4. Injection & Withdrawal Precedent Agreement: This agreement specifically lays out the terms for injecting natural gas into the storage facility during low-demand periods and withdrawing it when needed, allowing businesses to maintain flexibility in their usage while ensuring reliability. Overall, the New Hampshire Precedent Agreement for Firm Natural Gas Storage Service, whether short-term or long-term, capacity-based or focused on injection and withdrawal, provides a comprehensive framework for businesses to secure and manage their natural gas storage needs effectively.
New Hampshire Precedent Agreement for Firm Natural Gas Storage Service
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In its compact liquid form, natural gas can be shipped in special tankers to terminals around the world. At these terminals, the LNG is returned to its gaseous state and transported by pipeline to distribution companies, industrial consumers, and power plants.
712 eliminates the cap on all releases of one year or less, so that a release for 31 days or less can now exceed the maximum pipeline tariff rate, it is unclear why the FERC retains in this context the reference to release to the same replacement shipper ?at less than the maximum tariff rate.? It appears that FERC's ...
When natural gas arrives at the locations where it will be used (usually through large pipelines), it flows into smaller diameter pipelines called mains and then into smaller service lines that go directly to homes or buildings.
FERC prohibits circumvention of the capacity release rules by: ? Requiring the shipper that holds the capacity to have title to the gas during transport, the so-called ?shipper-must- have-title? rule.
Capacity release allows a customer that holds firm transportation or storage capacity on Northern to resell its capacity to another party on either a temporary or permanent basis.
In general, an AMA is a contractual relationship where a party agrees to manage gas supply and delivery arrangements, including transportation and storage capacity, for another party.
Natural gas is transported by pipelines and liquefied natural gas (LNG) tankers.
Background on AMAs AMAs are contractual relationships in which an ?asset manager? agrees to manage another party's gas supply and delivery arrangements, including its pipeline capacity.