Phoenix Arizona Gas Storage Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• City: Phoenix
• 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. Phoenix Arizona Gas Storage Agreement refers to a legally binding contract between a gas storage facility owner/operator and a gas supplier or customer in the region of Phoenix, Arizona. This agreement outlines the terms and conditions under which the gas storage services will be provided, ensuring a smooth and efficient gas storage and retrieval process. Keywords: Phoenix Arizona, gas storage agreement, gas storage facility, gas supplier, gas customer, terms and conditions, gas storage services, gas storage and retrieval process. There are several types of Gas Storage Agreements that can be found in Phoenix, Arizona, including: 1. Short-Term Gas Storage Agreement: This type of agreement is usually employed when the gas supplier or customer requires storage services for a limited period. The duration varies based on the specific needs of the involved parties, ranging from a few days to several months. Short-term agreements provide flexibility for businesses that require temporary storage due to maintenance, unexpected demand fluctuations, or disruptions in the gas supply chain. 2. Long-Term Gas Storage Agreement: Long-term agreements are typically entered into for an extended duration, often years, with the objective of securing a stable and reliable gas storage solution. This type of agreement is commonly used by gas providers and large industrial consumers with consistent or predictable demand patterns. It allows them to access a guaranteed storage capacity for a specified period, ensuring a reliable gas supply throughout the agreed term. 3. Interruptible Gas Storage Agreement: This type of agreement enables gas suppliers or customers to access gas storage services on a non-guaranteed basis. The availability of storage capacity under this agreement is subject to certain conditions, such as the facility owner/operator giving a notice within a specific time frame. Typically, interruptible agreements offer lower rates than firm agreements but come with the risk of service interruption during peak demand periods or operational constraints. 4. Capacity Release Gas Storage Agreement: Capacity release agreements occur when the original party with a long-term gas storage agreement wishes to release or transfer their contracted storage capacity to another entity. This type of agreement allows for the temporary or permanent reassignment of storage capacity, providing flexibility for gas market participants to optimize their utilization of storage assets. In conclusion, the Phoenix Arizona Gas Storage Agreement is a comprehensive contract governing the provision of gas storage services in the Phoenix, Arizona area. By clearly defining the roles, responsibilities, and terms of engagement between the gas storage facility owner/operator and gas supplier/customer, these agreements contribute to a reliable and efficient gas storage and retrieval process.

Phoenix Arizona Gas Storage Agreement refers to a legally binding contract between a gas storage facility owner/operator and a gas supplier or customer in the region of Phoenix, Arizona. This agreement outlines the terms and conditions under which the gas storage services will be provided, ensuring a smooth and efficient gas storage and retrieval process. Keywords: Phoenix Arizona, gas storage agreement, gas storage facility, gas supplier, gas customer, terms and conditions, gas storage services, gas storage and retrieval process. There are several types of Gas Storage Agreements that can be found in Phoenix, Arizona, including: 1. Short-Term Gas Storage Agreement: This type of agreement is usually employed when the gas supplier or customer requires storage services for a limited period. The duration varies based on the specific needs of the involved parties, ranging from a few days to several months. Short-term agreements provide flexibility for businesses that require temporary storage due to maintenance, unexpected demand fluctuations, or disruptions in the gas supply chain. 2. Long-Term Gas Storage Agreement: Long-term agreements are typically entered into for an extended duration, often years, with the objective of securing a stable and reliable gas storage solution. This type of agreement is commonly used by gas providers and large industrial consumers with consistent or predictable demand patterns. It allows them to access a guaranteed storage capacity for a specified period, ensuring a reliable gas supply throughout the agreed term. 3. Interruptible Gas Storage Agreement: This type of agreement enables gas suppliers or customers to access gas storage services on a non-guaranteed basis. The availability of storage capacity under this agreement is subject to certain conditions, such as the facility owner/operator giving a notice within a specific time frame. Typically, interruptible agreements offer lower rates than firm agreements but come with the risk of service interruption during peak demand periods or operational constraints. 4. Capacity Release Gas Storage Agreement: Capacity release agreements occur when the original party with a long-term gas storage agreement wishes to release or transfer their contracted storage capacity to another entity. This type of agreement allows for the temporary or permanent reassignment of storage capacity, providing flexibility for gas market participants to optimize their utilization of storage assets. In conclusion, the Phoenix Arizona Gas Storage Agreement is a comprehensive contract governing the provision of gas storage services in the Phoenix, Arizona area. By clearly defining the roles, responsibilities, and terms of engagement between the gas storage facility owner/operator and gas supplier/customer, these agreements contribute to a reliable and efficient gas storage and retrieval process.