Oakland Michigan Gas Storage Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Oakland
• 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. Oakland Michigan Gas Storage Agreement refers to a contractual agreement between a gas storage facility owner or operator and a gas customer in Oakland County, Michigan. This agreement outlines the terms and conditions under which the gas customer can store their natural gas in the facility. The gas storage agreement typically covers important aspects such as the quantity of gas to be stored, the duration of storage, access to the gas facility, pricing, invoicing, and operational responsibilities. It also governs any potential storage injections (the process of adding gas to the facility) and withdrawals (the process of removing gas from the facility). There are different types or variations of gas storage agreements that can be offered in Oakland, Michigan, depending on the specific needs and requirements of the gas customer. Some common types include: 1. Firm Storage Agreement: This type of agreement ensures that the gas customer has the right to inject and withdraw a specified amount of gas from the storage facility on a firm basis. The storage capacity is reserved exclusively for the customer, providing them with a guaranteed supply of gas when needed. 2. Interruptible Storage Agreement: This agreement offers a lower-cost option but comes with a certain level of risk. The gas customer may have their gas injection or withdrawal interrupted by the storage facility operator under specific circumstances, typically due to high demand or system constraints. This type of agreement is suitable for customers who can accommodate variations in their gas supply. 3. Wheeling Agreement: This type of agreement allows gas customers to transfer gas from one location to another using the storage facility as an intermediate point. It enables customers to optimize their gas supply and transportation logistics more efficiently. 4. Short-Term Lease Agreement: This agreement is suitable for customers who have a temporary or seasonal need for gas storage. It typically covers a relatively short period, usually ranging from a few days to several months. Oakland Michigan Gas Storage Agreement ensures a reliable and efficient gas storage solution for customers in the region. The specific type of agreement chosen will depend on the customer's operational requirements, risk tolerance, and desired duration of storage. Customers can work closely with gas storage facility operators to customize agreements that best suit their needs and optimize their gas supply strategies.

Oakland Michigan Gas Storage Agreement refers to a contractual agreement between a gas storage facility owner or operator and a gas customer in Oakland County, Michigan. This agreement outlines the terms and conditions under which the gas customer can store their natural gas in the facility. The gas storage agreement typically covers important aspects such as the quantity of gas to be stored, the duration of storage, access to the gas facility, pricing, invoicing, and operational responsibilities. It also governs any potential storage injections (the process of adding gas to the facility) and withdrawals (the process of removing gas from the facility). There are different types or variations of gas storage agreements that can be offered in Oakland, Michigan, depending on the specific needs and requirements of the gas customer. Some common types include: 1. Firm Storage Agreement: This type of agreement ensures that the gas customer has the right to inject and withdraw a specified amount of gas from the storage facility on a firm basis. The storage capacity is reserved exclusively for the customer, providing them with a guaranteed supply of gas when needed. 2. Interruptible Storage Agreement: This agreement offers a lower-cost option but comes with a certain level of risk. The gas customer may have their gas injection or withdrawal interrupted by the storage facility operator under specific circumstances, typically due to high demand or system constraints. This type of agreement is suitable for customers who can accommodate variations in their gas supply. 3. Wheeling Agreement: This type of agreement allows gas customers to transfer gas from one location to another using the storage facility as an intermediate point. It enables customers to optimize their gas supply and transportation logistics more efficiently. 4. Short-Term Lease Agreement: This agreement is suitable for customers who have a temporary or seasonal need for gas storage. It typically covers a relatively short period, usually ranging from a few days to several months. Oakland Michigan Gas Storage Agreement ensures a reliable and efficient gas storage solution for customers in the region. The specific type of agreement chosen will depend on the customer's operational requirements, risk tolerance, and desired duration of storage. Customers can work closely with gas storage facility operators to customize agreements that best suit their needs and optimize their gas supply strategies.