Tennessee Gas Storage Lease is a contractual agreement between an individual or organization (the lessor) and Tennessee Gas Pipeline Company, LLC (Tennessee Gas) to lease storage capacity for natural gas. This lease provides a means for gas producers and other stakeholders to store natural gas during periods of low demand and withdraw it during periods of high demand. The Tennessee Gas Storage Lease offers various types of storage options to cater to different storage needs. These options include: 1. Base Gas Storage: This type of storage lease allows gas producers and users to store a permanent quantity of gas in underground reservoirs. This stored gas serves as a foundation or base to meet future demands. 2. Cushion Gas Storage: Cushion gas is the volume of natural gas that remains in a storage reservoir to maintain adequate pressure to extract the working gas. Tennessee Gas offers cushion gas storage leases to ensure optimal pressure for smooth withdrawal and injection operations. 3. Working Gas Storage: The working gas is the volume of natural gas that can be injected or withdrawn from a storage reservoir. Tennessee Gas provides working gas storage leases that allow users to store gas temporarily for short or extended periods, depending on their requirements. 4. Interruptible Storage Service: Tennessee Gas also offers interruptible storage lease options, which provide storage capacity on a non-guaranteed basis. This type of lease is ideal for customers who have flexibility in their gas storage needs and can modify their usage based on availability. The Tennessee Gas Storage Lease provides flexibility to gas producers, industrial consumers, and local distribution companies by allowing them to access stored natural gas during peak demand periods. It offers secure storage space, ensuring a stable supply of gas during times of increased consumption or supply disruptions. By entering into a Tennessee Gas Storage Lease, stakeholders can benefit from cost-effective gas storage solutions, reduce price volatility, and enhance energy reliability for end consumers. This lease agreement also facilitates the efficient management of natural gas inventory, optimizing the use of existing infrastructure and resources. In conclusion, Tennessee Gas Storage Lease is a comprehensive agreement that offers different types of storage options to meet diverse gas storage needs. It serves as a strategic tool for gas industry participants to ensure reliable supply, manage inventory efficiently, and navigate market fluctuations effectively.
Tennessee Gas Storage Lease
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