Alameda California Gas Storage Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Alameda
• Control #: US-OG-723
• Format: Word; Rich Text

Description

This form is used when Owner owns and operates underground gas storage facilities and Customer desires storage service for natural gas to serve its Plant, and Owner is willing to render such storage services. The Alameda California Gas Storage Agreement is a legally binding contract that outlines the terms and conditions between parties involved in the storage of natural gas in Alameda, California. This agreement ensures that all parties involved, including the gas storage facility and its customers, understand their rights, obligations, and responsibilities. The primary purpose of the Alameda California Gas Storage Agreement is to establish a framework for the safe and efficient storage of natural gas. The agreement provides details on the volume of gas to be stored, the storage duration, and the pricing mechanisms. It also covers the procedures and protocols for the injection, withdrawal, monitoring, and maintenance of the stored gas. There are various types of Alameda California Gas Storage Agreement, depending on the specific needs and requirements of the parties involved: 1. Firm Gas Storage Agreement: This type of agreement guarantees the availability of a certain volume of stored gas to the customer, irrespective of market demands. It provides priority rights to the stored gas, ensuring that it will be available when needed, even during peak periods. 2. Interruptible Gas Storage Agreement: In contrast to the firm agreement, the interruptible agreement allows the gas storage facility to interrupt or curtail the supply of stored gas to customers during periods of high demand or emergency situations. In return for this flexibility, customers usually receive a reduced price rate. 3. Swing Gas Storage Agreement: The swing agreement allows customers to vary the amount of gas stored within a predefined range. This type of agreement is beneficial for customers who have fluctuating gas demands, as it allows them to adjust their inventory according to their needs. 4. Multi-Party Gas Storage Agreement: This agreement involves multiple parties, such as gas producers, pipeline operators, marketers, and end-users, who collaborate to store and distribute gas efficiently. It enables participants to share storage facility costs and optimize gas supply to meet the collective demand. The Alameda California Gas Storage Agreement plays a vital role in ensuring the smooth and reliable operation of the gas storage infrastructure in the region. It provides a clear and structured framework for all parties involved, offering certainty, flexibility, and protection of rights in gas storage transactions.

The Alameda California Gas Storage Agreement is a legally binding contract that outlines the terms and conditions between parties involved in the storage of natural gas in Alameda, California. This agreement ensures that all parties involved, including the gas storage facility and its customers, understand their rights, obligations, and responsibilities. The primary purpose of the Alameda California Gas Storage Agreement is to establish a framework for the safe and efficient storage of natural gas. The agreement provides details on the volume of gas to be stored, the storage duration, and the pricing mechanisms. It also covers the procedures and protocols for the injection, withdrawal, monitoring, and maintenance of the stored gas. There are various types of Alameda California Gas Storage Agreement, depending on the specific needs and requirements of the parties involved: 1. Firm Gas Storage Agreement: This type of agreement guarantees the availability of a certain volume of stored gas to the customer, irrespective of market demands. It provides priority rights to the stored gas, ensuring that it will be available when needed, even during peak periods. 2. Interruptible Gas Storage Agreement: In contrast to the firm agreement, the interruptible agreement allows the gas storage facility to interrupt or curtail the supply of stored gas to customers during periods of high demand or emergency situations. In return for this flexibility, customers usually receive a reduced price rate. 3. Swing Gas Storage Agreement: The swing agreement allows customers to vary the amount of gas stored within a predefined range. This type of agreement is beneficial for customers who have fluctuating gas demands, as it allows them to adjust their inventory according to their needs. 4. Multi-Party Gas Storage Agreement: This agreement involves multiple parties, such as gas producers, pipeline operators, marketers, and end-users, who collaborate to store and distribute gas efficiently. It enables participants to share storage facility costs and optimize gas supply to meet the collective demand. The Alameda California Gas Storage Agreement plays a vital role in ensuring the smooth and reliable operation of the gas storage infrastructure in the region. It provides a clear and structured framework for all parties involved, offering certainty, flexibility, and protection of rights in gas storage transactions.