A bill to amend the Natural Gas Policy Act of 1978 to prohibit indefinite price escalator clauses in natural gas supply contracts.

[AI summary unavailable — showing source text] Amends the Natural Gas Policy Act of 1978 to declare unenforceable any indefinite price escalator clause of any contract which is entered into on or after enactment of this Act and which is applicable to any first or subsequent sale of natural gas. Permits a purchaser to have any indefinite price escalator clause voided in the case of any such clause in any contract entered into before enactment which is applicable to any first or subsequent sale.…