HR 7122 · 97th Congress · Energy

Natural Gas Marketing Improvements Act of 1982

Introduced 1982-09-16· Sponsored by Rep. Brown, Clarence, Jr. [R-OH-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Fossil and Synthetic Fuels.(1982-09-27)

Plain Language Summary

[AI summary unavailable — showing source text] Natural Gas Marketing Improvements Act of 1982 - Amends the Natural Gas Policy Act of 1978 to provide that any contract for the sale of natural gas to any pipeline shall be deemed to include a purchase requirement adjustment clause, unless otherwise expressly provided in the contract. Provides that under a purchase requirement adjustment clause a purchaser may refuse to accept any portion of the gas purchased if the purchaser determines there is not a market for the gas. Prohibits a purchaser from reducing the volume accepted below 50 percent of the amount the purchaser contracted to take. Requires a purchaser to reduce the volume of the highest price gas first. Voids any contract provision that requires payment for gas not accepted pursuant to this Act. Prohibits a purchaser who has not accepted the full amount of gas under a contract from accepting gas for an equal or higher price under a new contract. Requires the Federal Energy Regulatory Commission to consider a pipeline's use of a purchase requirement adjustment clause in any purchase gas adjustment or general rate proceeding involving that pipeline. Provides that any contract for the sale of natural gas to any pipeline shall…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

1 Democrat19 Republicans