Oregon Gas Storage Service Agreement refers to a contractual agreement between a gas storage provider and a customer for the storage of natural gas in Oregon, United States. This agreement outlines the terms and conditions under which the gas storage service is provided, ensuring a clear understanding between both parties involved. One type of Oregon Gas Storage Service Agreement is the "Seasonal Storage Agreement." This particular agreement is designed for customers who require temporary storage during specific seasons, such as winter, when the demand for natural gas is higher. The Seasonal Storage Agreement allows customers to store gas during off-peak periods and withdraw it when demand increases, providing flexibility and cost-effectiveness. Another type of Oregon Gas Storage Service Agreement is the "Interruptible Storage Agreement." This agreement is suitable for customers who intend to use the stored gas during peak seasons but are willing to have their supply interrupted if the storage facility experiences capacity constraints or other operational issues. In return for accepting the interruption risk, customers generally receive a lower storage fee compared to the firm storage agreements. Aside from these specific types, there may be variations or customized versions of Oregon Gas Storage Service Agreements depending on the storage provider and customer requirements. These agreements typically contain several important elements, including: 1. Term and Termination: The agreement specifies the length of the contract and the conditions for termination by either party. 2. Storage Capacity: The agreement defines the storage capacity allocated to the customer, usually measured in cubic feet or other standardized units. 3. Injection and Withdrawal Rights: It outlines the guidelines for injecting gas into the storage facility during off-peak periods and withdrawing it as needed during peak periods. 4. Rates and Charges: The agreement details the pricing structure, including storage fees, injection/withdrawal fees, and any applicable surcharges or penalties. 5. Operational Procedures: The agreement outlines the operational procedures, including scheduling, communication, and reporting requirements to ensure smooth coordination between the storage provider and the customer. 6. Force Mature: A force majeure clause is included to address unforeseen events or circumstances that may affect the performance of the agreement, such as natural disasters or governmental actions. 7. Liability and Indemnification: This section outlines the liability of both parties and the indemnification obligations in case of damages or losses. Overall, the Oregon Gas Storage Service Agreement serves as a foundation for the storage of natural gas in Oregon, providing a legal framework and defining the rights and responsibilities of both the storage provider and the customer.
Oregon Gas Storage Service Agreement
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