Cuyahoga Ohio Gas Storage Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Gas Storage Agreement is a legally binding contract between a gas storage provider and a gas customer in Cuyahoga County, Ohio. This agreement outlines the terms and conditions for the storage and withdrawal of natural gas in underground storage facilities within the county. Under this agreement, the gas storage provider grants the gas customer the right to store a certain quantity of natural gas in the designated storage facilities. The customer agrees to pay a fee for the storage services provided and to abide by the terms and conditions specified in the agreement. The Cuyahoga Ohio Gas Storage Agreement typically includes key provisions such as: 1. Storage Capacity: The agreement specifies the maximum volume of natural gas that the customer is entitled to store in the facility. 2. Injection and Withdrawal Rates: It outlines the rate at which the gas customer can inject natural gas into the storage facility or withdraw it from the facility. These rates are often subject to operational limitations and seasonal variations. 3. Term and Renewal: The agreement defines the duration for which the gas storage services will be provided. It may also include provisions for renewal or extension of the agreement. 4. Fees and Payment Terms: The agreement stipulates the charges applicable for gas storage services, including any fees for capacity reservation, injection, withdrawal, and operational services. It also outlines the payment terms, invoicing procedures, and any penalties for late payments. 5. Operational Requirements: The agreement establishes the operational procedures and safety standards that the customer must comply with while utilizing the storage facilities. It may include provisions for maintenance and repair responsibilities, communication protocols, and emergency response procedures. It is important to note that there may be different types of Cuyahoga Ohio Gas Storage Agreements tailored to specific customer needs or storage facility capabilities. Some possible variations of this agreement include: 1. Firm Storage Agreement: This type of agreement guarantees the gas customer uninterrupted access to the contracted storage capacity, irrespective of market conditions or other limitations. It typically involves a higher fee structure compared to other types. 2. Interruptible Storage Agreement: In this type of agreement, the gas customer has a lower priority access to the storage facilities, which can be interrupted during peak demand periods or force majeure events. The fees associated with this agreement are generally lower compared to a firm storage agreement. 3. Partial Storage Agreement: This agreement allows the gas customer to reserve a portion of the available storage capacity rather than the full capacity. It provides flexibility in managing the customer's storage needs while reducing costs. In summary, the Cuyahoga Ohio Gas Storage Agreement is a contractual arrangement between a gas storage provider and a gas customer, governing the storage and withdrawal of natural gas in underground storage facilities in Cuyahoga County, Ohio. It includes provisions related to storage capacity, rates, fees, operational requirements, and various types of agreements catered to different customer preferences or facility capabilities.

The Cuyahoga Ohio Gas Storage Agreement is a legally binding contract between a gas storage provider and a gas customer in Cuyahoga County, Ohio. This agreement outlines the terms and conditions for the storage and withdrawal of natural gas in underground storage facilities within the county. Under this agreement, the gas storage provider grants the gas customer the right to store a certain quantity of natural gas in the designated storage facilities. The customer agrees to pay a fee for the storage services provided and to abide by the terms and conditions specified in the agreement. The Cuyahoga Ohio Gas Storage Agreement typically includes key provisions such as: 1. Storage Capacity: The agreement specifies the maximum volume of natural gas that the customer is entitled to store in the facility. 2. Injection and Withdrawal Rates: It outlines the rate at which the gas customer can inject natural gas into the storage facility or withdraw it from the facility. These rates are often subject to operational limitations and seasonal variations. 3. Term and Renewal: The agreement defines the duration for which the gas storage services will be provided. It may also include provisions for renewal or extension of the agreement. 4. Fees and Payment Terms: The agreement stipulates the charges applicable for gas storage services, including any fees for capacity reservation, injection, withdrawal, and operational services. It also outlines the payment terms, invoicing procedures, and any penalties for late payments. 5. Operational Requirements: The agreement establishes the operational procedures and safety standards that the customer must comply with while utilizing the storage facilities. It may include provisions for maintenance and repair responsibilities, communication protocols, and emergency response procedures. It is important to note that there may be different types of Cuyahoga Ohio Gas Storage Agreements tailored to specific customer needs or storage facility capabilities. Some possible variations of this agreement include: 1. Firm Storage Agreement: This type of agreement guarantees the gas customer uninterrupted access to the contracted storage capacity, irrespective of market conditions or other limitations. It typically involves a higher fee structure compared to other types. 2. Interruptible Storage Agreement: In this type of agreement, the gas customer has a lower priority access to the storage facilities, which can be interrupted during peak demand periods or force majeure events. The fees associated with this agreement are generally lower compared to a firm storage agreement. 3. Partial Storage Agreement: This agreement allows the gas customer to reserve a portion of the available storage capacity rather than the full capacity. It provides flexibility in managing the customer's storage needs while reducing costs. In summary, the Cuyahoga Ohio Gas Storage Agreement is a contractual arrangement between a gas storage provider and a gas customer, governing the storage and withdrawal of natural gas in underground storage facilities in Cuyahoga County, Ohio. It includes provisions related to storage capacity, rates, fees, operational requirements, and various types of agreements catered to different customer preferences or facility capabilities.