Collin Texas Precedent Agreement for Firm Natural Gas Storage Service is a contractual document that outlines the terms and conditions for natural gas storage service in Collin County, Texas. This agreement is commonly used between a natural gas storage operator and a firm customer who requires the secure and reliable storage of natural gas for future use. The Collin Texas Precedent Agreement for Firm Natural Gas Storage Service is characterized by several key elements essential for both parties involved. It includes provisions related to the storage capacity, injection and withdrawal rates, duration of the storage service, and pricing mechanisms for the firm customer. This agreement ensures that the firm customer has access to a predetermined amount of natural gas storage capacity for a specific period at agreed-upon rates. Additionally, the Collin Texas Precedent Agreement accommodates specific types of storage service arrangements based on the customer's requirements and preferences. These may include: 1. Firm-cyclic storage service: This type of arrangement allows the firm customer to inject and withdraw natural gas in a cyclical manner over a designated period. Firm-cyclic storage service suits customers with fluctuating natural gas demands, such as seasonal industries or power plants. 2. Firm-multiyear storage service: This type of agreement provides the firm customer with access to natural gas storage capacity for multiple years. It ensures a long-term storage solution for steady and long-range natural gas demands. 3. Firm-park and loan storage service: This arrangement permits the firm customer to park excess natural gas during periods of low demand, with the option to loan it back when demand increases. It caters to customers needing flexible storage options to manage fluctuating market conditions. In summary, the Collin Texas Precedent Agreement for Firm Natural Gas Storage Service is a comprehensive contractual framework outlining the terms and conditions for natural gas storage services in Collin County, Texas. It ensures a reliable and secure storage solution tailored to the specific needs of firm customers, with various types of storage service arrangements available to accommodate different requirements.
Collin Texas Precedent Agreement for Firm Natural Gas Storage Service
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