Natural Gas Emergency Act

[AI summary unavailable — showing source text] Natural Gas Emergency Act - Makes it the purpose of this Act to establish temporary emergency authorizations for minimizing the detrimental effects on employment and public health caused by natural gas supply shortages. Defines the terms used in this Act. Requires the Federal Power Commission to designate distressed interstate pipelines and curtailed interstate pipelines during periods of supply emergencies. Authorizes the sale of new natural gas at rates not subject to the provisions of the Natural Gas Act during such periods. Directs the President to undertake a study of natural gas supply and demand. Directs the President to determine the total estimated natural gas reserves of the United States. Requires a transmittal to the Congress of such findings.…