Emergency Natural Gas Amendments

[AI summary unavailable — showing source text] Emergency Natural Gas Amendments - Amends the Emergency Natural Gas Act of 1977 to expand the President's emergency regulatory authority over natural gas by redefining "pipeline" to include both intra and interstate companies. Deletes the April 30, 1977, cutoff of the President's authority under the Act. Delineates the President's emergency regulatory authority over delivery, transportation, transportation charges, ultimate end use, and prices of natural gas obtained under the emergency provisions of the Act. Requires the President to make a separate accounting of transactions occurring under this Act. Amends the Natural Gas Act to expand the emergency authority of the Federal Energy Regulatory Commission to include both intra and interstate natural gas. Requires the Commission to make a separate accounting of transactions occurring under such Act. Provides a breach of contract defense to companies who comply with the emergency provisions of the Act. Sets penalties for the violation of the Act. Grants the Commission the authority to seek injunctive relief, without bond, against State or local measures in conflict with the Commission's emergency actions.…