Natural Gas Supply Act

[AI summary unavailable — showing source text] Natural Gas Supply Act - States that the provisions of the Natural Gas Act shall apply to the transportation of natural gas in interstate commerce, to the sale in interstate commerce of natural gas for domestic, commercial, industrial, or any other use, and to natural gas companies engaged in such transportation or sale, but shall not apply to any other transportation or sale of natural gas or to the local distribution of natural gas or to the facilities used for such distribution or to the production or gathering of natural gas or to the sale of natural gas dedicated for the first time to interstate commerce or rededicated upon expiration of an existing contract on or after April 15, 1973, or produced from wells commenced on or after April 15, 1973, for domestic commercial, industrial, or any other use, by any person, provided that person is not engaged in the transportation of natural gas in interstate commerce. Removes the requirement of Federal Power Commission permission before importing natural gas. Witholds power from the Commission to deny, in whole or in part, that portion of the rates and charges made by any natural gas company in connection with the purchase of natural g…