Natural Gas Policy Act Amendments of 1983

[AI summary unavailable — showing source text] Natural Gas Policy Act Amendments of 1983 - Title I: Findings and Purposes - Sets forth: (1) ten Congressional findings concerning natural gas; and (2) the purposes of this Act. Title II: Amendments to the Natural Gas Policy Act of 1978 - Amends the Natural Gas Policy Act of 1978 to add to the definition of Btu. Sets forth a method of determining the number of Btu's per unit volume of natural gas. Defines definite price provision, indefinite price provision, market-out provision, and take-or-pay provision, for purposes of the use of such terms in a contract for the first sale of natural gas. Requires the price under any contract for the first sale of natural gas in effect on November 8, 1978, to remain the price after November 8, 1978, unless the contract expressly and specifically by its plain language authorizes prices established by Congress, in which case any price not in excess of the applicable maximum lawful price may apply. Repeals the annual inflation adjustment factors. Provides that the maximum lawful price for any first sale of natural gas shall be deemed to include all costs necessary to, or associated with, the delivery of marketable natural gas to the purchaser. Auth…