Amending the Natural Gas Policy Act of 1978 to remove certain contract-duration and right-of-first-refusal requirements. US Senate, One Hundredth Congress, Second Session, August 11, 1988, Report 100-485

Book · Fri Jan 01 04:00:00 EST 1988

OSTI ID:5535376

The purpose of H.R. 2701 is to repeal two non-price provisions in section 315 of the Natural Gas Policy Act of 1978 (NGPA). They are (1) section 315(a)(3) which requires contracts for purchase of new natural gas produced from certain Outer Continental Shelf leases to be for a duration of not less than 15 years, or, if less, the commercially producible life of the reservoir, and (2) section 315(b) which establishes a right to an offer of sale, and a right of first refusal, for existing purchasers of certain natural gas committed or dedicated to interstate commerce upon the expiration or termination of an existing contract. The Committee on Energy and Natural Resources does not intend to affect or influence any court review of the validity of any FERC rule, regulation, opinion, or order issued prior to enactment of this legislation. They report favorably on the bill and recommend, without amendment, that it pass.

• OSTI ID: 5535376
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003 -- Energy Planning & Policy-- Natural Gas
AMENDMENTS
CONTRACTS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
LAWS
LEGISLATION
LEGISLATIVE TEXT
MARKET
NATIONAL ENERGY ACT
NATIONAL ORGANIZATIONS
NATURAL GAS
NATURAL GAS POLICY ACT
REGULATIONS
US DOE
US FERC
US ORGANIZATIONS