Natural Gas Supply Act

[AI summary unavailable — showing source text] Natural Gas Supply Act - Title I: States that it is the purpose of this Act to authorize the President or his delegate, the Federal Power Commission, and the Federal Energy Administration to deal with existing and imminent shortages and dislocations of natural gas in the national distribution system which jeopardize the public health, safety, and welfare; to provide protection of natural gas service to customers who use natural gas for high priority end uses during periods of curtailed deliveries by natural gas companies; and to assure increased supplies of natural gas at reasonable prices. Title II: - Interstate Pipeline Emergency Natural Gas Purchases Act - Grants the Federal Power Commission authority to allow interstate pipeline companies with insufficient natural gas for their high priority consumers of natural gas to acquire natural gas from intrastate sources and other interstate pipeline companies on an emergency basis free from the provisions of the Natural Gas Act. Title III: - Curtailed Consumers Emergency Natural Gas Purchasers Act - Allows curtailed high priority consumers of natural gas to purchase natural gas from the intrastate market by enabling them to arrange for…