Phoenix Arizona Gas Storage Service Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• City: Phoenix
• Control #: US-OG-1014
• Format: Word; Rich Text

Description

This is an agreement for gas storage service. Phoenix Arizona Gas Storage Service Agreement is a contractual agreement between a gas storage provider and a customer in Phoenix, Arizona, which outlines the terms and conditions of storing natural gas. This agreement serves as a legal document that defines the rights, responsibilities, and obligations of both parties involved. In this agreement, the gas storage provider agrees to provide storage facilities for the customer's natural gas in exchange for payment. The customer can be an individual, a business, or an organization that requires storage to meet their natural gas needs. The key components included in the Phoenix Arizona Gas Storage Service Agreement are: 1. Parties: The agreement specifies the names and addresses of both the gas storage provider and the customer. It also specifies any subsidiary companies authorized to act on their behalf. 2. Scope of services: This section outlines the types of gas storage services the provider offers, including capacity, injection, withdrawal, balancing, and any other services related to gas storage. 3. Term and termination: The agreement states the duration of the contract, including the start and end dates. It also includes provisions for termination or renewal of the agreement, including penalties or notice periods. 4. Rates and charges: This section discusses the payment terms, including the rates and charges for the gas storage services provided. It may include details such as invoicing frequency, penalty fees for non-payment, and any additional charges. 5. Obligations of the parties: This clause outlines the respective responsibilities of both the gas storage provider and the customer. It can include requirements for maintaining gas quality, adhering to safety regulations, and accurately reporting gas injections and withdrawals. 6. Force majeure: The agreement may include a force majeure clause, which addresses unforeseen events or circumstances that may prevent either party from fulfilling their obligations. It may detail how such events will be handled and whether any compensation or relief will be provided. 7. Liability and indemnification: This section identifies the extent of liability for each party in case of damages, losses, or accidents occurring during the gas storage period. It may also outline the indemnification process and any insurance requirements. Types of Phoenix Arizona Gas Storage Service Agreements: 1. Seasonal Storage Agreement: This type of agreement allows customers to store natural gas during specific seasons of the year when the demand for gas fluctuates. It offers flexibility in accessing stored gas as needed. 2. Firm Storage Agreement: This agreement guarantees a specific amount of storage capacity to the customer for a set period. The customer pays a higher rate for this guaranteed availability. 3. Interruptible Storage Agreement: In this type of agreement, the gas storage provider can interrupt or curtail the customer's access to stored gas during high demand periods. These agreements usually have lower rates compared to firm storage agreements. In conclusion, the Phoenix Arizona Gas Storage Service Agreement is a crucial document that regulates the relationship between a gas storage provider and a customer. The agreement outlines the various terms, conditions, rights, and obligations of the parties involved and helps ensure a smooth and efficient gas storage process.

Phoenix Arizona Gas Storage Service Agreement is a contractual agreement between a gas storage provider and a customer in Phoenix, Arizona, which outlines the terms and conditions of storing natural gas. This agreement serves as a legal document that defines the rights, responsibilities, and obligations of both parties involved. In this agreement, the gas storage provider agrees to provide storage facilities for the customer's natural gas in exchange for payment. The customer can be an individual, a business, or an organization that requires storage to meet their natural gas needs. The key components included in the Phoenix Arizona Gas Storage Service Agreement are: 1. Parties: The agreement specifies the names and addresses of both the gas storage provider and the customer. It also specifies any subsidiary companies authorized to act on their behalf. 2. Scope of services: This section outlines the types of gas storage services the provider offers, including capacity, injection, withdrawal, balancing, and any other services related to gas storage. 3. Term and termination: The agreement states the duration of the contract, including the start and end dates. It also includes provisions for termination or renewal of the agreement, including penalties or notice periods. 4. Rates and charges: This section discusses the payment terms, including the rates and charges for the gas storage services provided. It may include details such as invoicing frequency, penalty fees for non-payment, and any additional charges. 5. Obligations of the parties: This clause outlines the respective responsibilities of both the gas storage provider and the customer. It can include requirements for maintaining gas quality, adhering to safety regulations, and accurately reporting gas injections and withdrawals. 6. Force majeure: The agreement may include a force majeure clause, which addresses unforeseen events or circumstances that may prevent either party from fulfilling their obligations. It may detail how such events will be handled and whether any compensation or relief will be provided. 7. Liability and indemnification: This section identifies the extent of liability for each party in case of damages, losses, or accidents occurring during the gas storage period. It may also outline the indemnification process and any insurance requirements. Types of Phoenix Arizona Gas Storage Service Agreements: 1. Seasonal Storage Agreement: This type of agreement allows customers to store natural gas during specific seasons of the year when the demand for gas fluctuates. It offers flexibility in accessing stored gas as needed. 2. Firm Storage Agreement: This agreement guarantees a specific amount of storage capacity to the customer for a set period. The customer pays a higher rate for this guaranteed availability. 3. Interruptible Storage Agreement: In this type of agreement, the gas storage provider can interrupt or curtail the customer's access to stored gas during high demand periods. These agreements usually have lower rates compared to firm storage agreements. In conclusion, the Phoenix Arizona Gas Storage Service Agreement is a crucial document that regulates the relationship between a gas storage provider and a customer. The agreement outlines the various terms, conditions, rights, and obligations of the parties involved and helps ensure a smooth and efficient gas storage process.