Washington 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 Washington Gas Storage Service Agreement is a comprehensive contract provided by Washington Gas, a leading natural gas utility company, that outlines the terms and conditions for utilizing their gas storage services. This agreement is essential for customers, such as gas producers, suppliers, or large commercial enterprises, who require storage facilities to manage their natural gas supply effectively. Key features of the Washington Gas Storage Service Agreement: 1. Gas Storage Facilities: The agreement defines the gas storage facilities offered by Washington Gas, including the storage capacity, location, and operational details. 2. Rights and Obligations: The agreement outlines the rights and obligations of both Washington Gas and the customer. It specifies the responsibilities related to gas injection, withdrawal, balancing, and managing operational emergencies. 3. Gas Scheduling: The agreement includes provisions for scheduling gas injections and withdrawals, specifying the nomination process and timelines. 4. Gas Measurement: It sets out the requirements and standards for accurate measurement of the quantity and quality of gas being injected, withdrawn, or stored. 5. Pricing and Billing: The agreement details the pricing structure, including storage fees, commodity charges, and any other applicable fees. It also outlines the billing and payment procedures. 6. Term and Termination: The agreement specifies the initial term of the contract, renewal options, and conditions for termination, including any notice periods. Additional types of Washington Gas Storage Service Agreements: 1. Firm Storage Service Agreement: This agreement provides customers with guaranteed storage capacity and priority access to their stored gas. It ensures a reliable supply of gas during peak demand periods. 2. Interruptible Storage Service Agreement: This agreement offers customers a lower-cost storage option. However, it allows Washington Gas to interrupt or curtail gas deliveries under certain circumstances, usually during periods of high demand or emergencies. 3. Contract Extensions or Modifications: Washington Gas may offer contract extensions or modifications to existing storage service agreements to accommodate changes in capacity requirements or operational needs. 4. Ancillary Services Agreement: In addition to storage, Washington Gas may provide ancillary services, such as gas treatment, compression, or transportation, which can be included as separate agreements or addendums to the main storage service agreement. It's important for customers to thoroughly review and understand the terms of the Washington Gas Storage Service Agreement before entering into any contractual arrangements. Consulting with legal advisors or experts in the natural gas industry is advisable to ensure compliance and maximize the benefits of utilizing Washington Gas' storage services.

The Washington Gas Storage Service Agreement is a comprehensive contract provided by Washington Gas, a leading natural gas utility company, that outlines the terms and conditions for utilizing their gas storage services. This agreement is essential for customers, such as gas producers, suppliers, or large commercial enterprises, who require storage facilities to manage their natural gas supply effectively. Key features of the Washington Gas Storage Service Agreement: 1. Gas Storage Facilities: The agreement defines the gas storage facilities offered by Washington Gas, including the storage capacity, location, and operational details. 2. Rights and Obligations: The agreement outlines the rights and obligations of both Washington Gas and the customer. It specifies the responsibilities related to gas injection, withdrawal, balancing, and managing operational emergencies. 3. Gas Scheduling: The agreement includes provisions for scheduling gas injections and withdrawals, specifying the nomination process and timelines. 4. Gas Measurement: It sets out the requirements and standards for accurate measurement of the quantity and quality of gas being injected, withdrawn, or stored. 5. Pricing and Billing: The agreement details the pricing structure, including storage fees, commodity charges, and any other applicable fees. It also outlines the billing and payment procedures. 6. Term and Termination: The agreement specifies the initial term of the contract, renewal options, and conditions for termination, including any notice periods. Additional types of Washington Gas Storage Service Agreements: 1. Firm Storage Service Agreement: This agreement provides customers with guaranteed storage capacity and priority access to their stored gas. It ensures a reliable supply of gas during peak demand periods. 2. Interruptible Storage Service Agreement: This agreement offers customers a lower-cost storage option. However, it allows Washington Gas to interrupt or curtail gas deliveries under certain circumstances, usually during periods of high demand or emergencies. 3. Contract Extensions or Modifications: Washington Gas may offer contract extensions or modifications to existing storage service agreements to accommodate changes in capacity requirements or operational needs. 4. Ancillary Services Agreement: In addition to storage, Washington Gas may provide ancillary services, such as gas treatment, compression, or transportation, which can be included as separate agreements or addendums to the main storage service agreement. It's important for customers to thoroughly review and understand the terms of the Washington Gas Storage Service Agreement before entering into any contractual arrangements. Consulting with legal advisors or experts in the natural gas industry is advisable to ensure compliance and maximize the benefits of utilizing Washington Gas' storage services.