New Mexico 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.

The New Mexico Gas Storage Service Agreement is a legal contract that governs the terms and conditions for the use of natural gas storage facilities in the state of New Mexico. This agreement outlines the rights and responsibilities of both the gas storage service provider and the customer. The main purpose of this agreement is to establish the terms of access to the storage facilities, the procedures for requesting and delivering gas, and the associated fees and charges. It is designed to ensure the efficient and reliable operation of the gas storage system while providing a fair and transparent arrangement for all parties involved. Keywords: New Mexico, Gas Storage, Service Agreement, natural gas, storage facilities, terms and conditions, rights and responsibilities, gas storage service provider, customer, access, procedures, requesting gas, delivering gas, fees, charges, efficient operation, reliable operation, fair, transparent arrangement. Types of New Mexico Gas Storage Service Agreements: 1. Firm Storage Service Agreement: This type of agreement provides the customer with the guaranteed availability of a specific storage capacity for a fixed period. The customer has the right to inject and withdraw gas from the storage facilities according to their needs, without interruption or restriction. 2. Interruptible Storage Service Agreement: This agreement offers customers a lower-cost storage option with the condition that their gas supply may be interrupted during periods of high demand or system constraints. The customer must be flexible and willing to accept interruptions to their gas supply in exchange for reduced fees. 3. Swing Storage Service Agreement: A swing storage service agreement allows customers to store and retrieve varying quantities of natural gas within predefined limits. This agreement is beneficial for customers who have fluctuating gas demand and require the flexibility to adjust their stored inventory accordingly. 4. Balancing Service Agreement: This type of agreement is designed to help customers balance and manage their gas supply and demand on a short-term basis. It enables customers to optimize their gas supply by injecting or withdrawing from the storage facilities to meet their real-time needs. 5. Seasonal Storage Service Agreement: This agreement caters to customers who require natural gas storage primarily for seasonal purposes, such as managing peak demands during cold winter months or preparing for periods of maintenance in their gas supply systems. The terms and conditions of this agreement are specifically tailored to meet the seasonal requirements of the customer. Keywords: Firm Storage Service Agreement, Interruptible Storage Service Agreement, Swing Storage Service Agreement, Balancing Service Agreement, Seasonal Storage Service Agreement, storage capacity, interruptions, flexible, swing gas demand, predefined limits, balancing, short-term basis, seasonal purposes, peak demands, maintenance, gas supply systems.