Virginia 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 Virginia Gas Storage Service Agreement is a legally binding contract that governs the terms and conditions of gas storage services between a gas storage provider and a customer. It outlines the rights and obligations of both parties involved in utilizing gas storage facilities in the state of Virginia. The agreement covers various aspects such as storage capacity, gas injections, withdrawals, and access to storage facilities. It provides a framework for the customer to secure a specified amount of gas storage capacity for a defined period, ensuring reliable supply and flexibility. Key terms and keywords related to the Virginia Gas Storage Service Agreement include: 1. Gas Storage Provider: Refers to the entity offering gas storage services, typically a natural gas utility company or an independent gas storage operator. 2. Customer: The party entering into the agreement with the gas storage provider to secure gas storage services. 3. Storage Capacity: The maximum volume of gas that the customer is entitled to store in the facility, measured in cubic feet or other suitable units. 4. Injection Services: The process of injecting natural gas into the storage facility during periods of low demand to be stored for future use. 5. Withdrawal Services: The process of withdrawing stored natural gas from the facility during periods of high demand or supply shortages. 6. Cycle (Injection-Withdrawal): Refers to the process where natural gas is injected into storage during low-demand periods and subsequently withdrawn during high-demand periods, allowing customers to manage fluctuations effectively. 7. Interruptible Service: A type of service where the gas storage provider can interrupt or curtail the customer's storage service during periods of high demand or in emergency situations. 8. Firm Service: A type of gas storage service that guarantees a specified level of storage capacity to the customer, ensuring uninterrupted supply throughout the agreed contract term. 9. Seasonal Service: A type of service allowing customers to utilize gas storage during specific seasons, typically used by industries or utilities with seasonal demand variations. 10. Balancing Services: Services provided by the gas storage provider to assist customers in maintaining the balance between gas injection and withdrawal, minimizing imbalances and associated costs. 11. Rate Schedule: The document attached to the agreement that specifies the rates, fees, and charges for the gas storage service, ensuring transparency in billing. It's important to note that while this description provides a general overview, there may be different types of Virginia Gas Storage Service Agreements offered by different providers, each with its own specific terms, conditions, and variations in service offerings.

The Virginia Gas Storage Service Agreement is a legally binding contract that governs the terms and conditions of gas storage services between a gas storage provider and a customer. It outlines the rights and obligations of both parties involved in utilizing gas storage facilities in the state of Virginia. The agreement covers various aspects such as storage capacity, gas injections, withdrawals, and access to storage facilities. It provides a framework for the customer to secure a specified amount of gas storage capacity for a defined period, ensuring reliable supply and flexibility. Key terms and keywords related to the Virginia Gas Storage Service Agreement include: 1. Gas Storage Provider: Refers to the entity offering gas storage services, typically a natural gas utility company or an independent gas storage operator. 2. Customer: The party entering into the agreement with the gas storage provider to secure gas storage services. 3. Storage Capacity: The maximum volume of gas that the customer is entitled to store in the facility, measured in cubic feet or other suitable units. 4. Injection Services: The process of injecting natural gas into the storage facility during periods of low demand to be stored for future use. 5. Withdrawal Services: The process of withdrawing stored natural gas from the facility during periods of high demand or supply shortages. 6. Cycle (Injection-Withdrawal): Refers to the process where natural gas is injected into storage during low-demand periods and subsequently withdrawn during high-demand periods, allowing customers to manage fluctuations effectively. 7. Interruptible Service: A type of service where the gas storage provider can interrupt or curtail the customer's storage service during periods of high demand or in emergency situations. 8. Firm Service: A type of gas storage service that guarantees a specified level of storage capacity to the customer, ensuring uninterrupted supply throughout the agreed contract term. 9. Seasonal Service: A type of service allowing customers to utilize gas storage during specific seasons, typically used by industries or utilities with seasonal demand variations. 10. Balancing Services: Services provided by the gas storage provider to assist customers in maintaining the balance between gas injection and withdrawal, minimizing imbalances and associated costs. 11. Rate Schedule: The document attached to the agreement that specifies the rates, fees, and charges for the gas storage service, ensuring transparency in billing. It's important to note that while this description provides a general overview, there may be different types of Virginia Gas Storage Service Agreements offered by different providers, each with its own specific terms, conditions, and variations in service offerings.