Mecklenburg North Carolina Gas Storage Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Mecklenburg
• 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. Mecklenburg Gas Storage Agreement is a contractual agreement between gas storage providers and users in Mecklenburg County, North Carolina. This agreement outlines the terms and conditions under which natural gas can be stored and accessed within the region. Gas storage agreements play a crucial role in ensuring the reliability, flexibility, and efficient utilization of natural gas supplies. Key Terms: 1. Gas Storage Facility: The agreement defines the specific gas storage facility where natural gas is stored. It may refer to underground or above-ground storage sites equipped with storage tanks, wells, pipelines, compressors, and other infrastructure necessary for gas storage. 2. Storage Capacity: Mecklenburg North Carolina Gas Storage Agreements specify the amount of natural gas that can be stored by the user. It outlines the maximum capacity available for storage, often measured in cubic feet (CF). 3. Injection and Withdrawal Rights: The agreement enumerates the rights and procedures for injecting natural gas into storage during periods of low demand and withdrawing it during peak demands. It defines the limits, scheduling, parking, and lending of gas. 4. Monitoring and Reporting: Mecklenburg Gas Storage Agreements include provisions for monitoring gas inventory levels, pressure, temperature, and other parameters. It outlines the frequency and methods of reporting such information to the storage provider or regulatory authorities. 5. Tariffs and Payments: The agreement specifies the rates, charges, and payment terms for gas storage services. Tariffs may be based on capacity, injection/withdrawal rates, and other fees associated with maintenance, metering, or uneven service utilization. 6. Force Mature: This clause covers events or circumstances beyond the control of the parties, such as acts of nature, regulatory changes, or emergencies. It defines the responsibilities, liabilities, and mechanisms for handling such situations. Types of Mecklenburg Gas Storage Agreements: 1. Interruptible Storage Agreement: This type of agreement provides gas storage services to customers on a non-guaranteed basis. The storage provider can interrupt or curtail service during high demand periods, providing lower rates compared to firm storage agreements. 2. Firm Storage Agreement: These agreements offer guaranteed storage services to customers. It ensures a fixed amount of storage capacity and allows uninterrupted access to stored gas, providing greater certainty and reliability. Firm storage agreements usually have higher rates due to the guaranteed service level. 3. Seasonal Storage Agreement: These agreements are designed for customers who primarily require gas storage during specific seasons or periods of the year. It offers flexible storage options during colder months when gas demand is higher and allows reduced or no storage services during low-demand periods. Overall, Mecklenburg North Carolina Gas Storage Agreements establish the legal framework and guidelines for efficiently storing and accessing natural gas in the region. They ensure reliable gas supply, allow for better energy management, and play a vital role in meeting the energy needs of businesses and residents in Mecklenburg County.

Mecklenburg Gas Storage Agreement is a contractual agreement between gas storage providers and users in Mecklenburg County, North Carolina. This agreement outlines the terms and conditions under which natural gas can be stored and accessed within the region. Gas storage agreements play a crucial role in ensuring the reliability, flexibility, and efficient utilization of natural gas supplies. Key Terms: 1. Gas Storage Facility: The agreement defines the specific gas storage facility where natural gas is stored. It may refer to underground or above-ground storage sites equipped with storage tanks, wells, pipelines, compressors, and other infrastructure necessary for gas storage. 2. Storage Capacity: Mecklenburg North Carolina Gas Storage Agreements specify the amount of natural gas that can be stored by the user. It outlines the maximum capacity available for storage, often measured in cubic feet (CF). 3. Injection and Withdrawal Rights: The agreement enumerates the rights and procedures for injecting natural gas into storage during periods of low demand and withdrawing it during peak demands. It defines the limits, scheduling, parking, and lending of gas. 4. Monitoring and Reporting: Mecklenburg Gas Storage Agreements include provisions for monitoring gas inventory levels, pressure, temperature, and other parameters. It outlines the frequency and methods of reporting such information to the storage provider or regulatory authorities. 5. Tariffs and Payments: The agreement specifies the rates, charges, and payment terms for gas storage services. Tariffs may be based on capacity, injection/withdrawal rates, and other fees associated with maintenance, metering, or uneven service utilization. 6. Force Mature: This clause covers events or circumstances beyond the control of the parties, such as acts of nature, regulatory changes, or emergencies. It defines the responsibilities, liabilities, and mechanisms for handling such situations. Types of Mecklenburg Gas Storage Agreements: 1. Interruptible Storage Agreement: This type of agreement provides gas storage services to customers on a non-guaranteed basis. The storage provider can interrupt or curtail service during high demand periods, providing lower rates compared to firm storage agreements. 2. Firm Storage Agreement: These agreements offer guaranteed storage services to customers. It ensures a fixed amount of storage capacity and allows uninterrupted access to stored gas, providing greater certainty and reliability. Firm storage agreements usually have higher rates due to the guaranteed service level. 3. Seasonal Storage Agreement: These agreements are designed for customers who primarily require gas storage during specific seasons or periods of the year. It offers flexible storage options during colder months when gas demand is higher and allows reduced or no storage services during low-demand periods. Overall, Mecklenburg North Carolina Gas Storage Agreements establish the legal framework and guidelines for efficiently storing and accessing natural gas in the region. They ensure reliable gas supply, allow for better energy management, and play a vital role in meeting the energy needs of businesses and residents in Mecklenburg County.