Natural Gas Consumer Relief and Market Correction Act

[AI summary unavailable — showing source text] Natural Gas Consumer Relief and Market Correction Act - Amends the Natural Gas Policy Act of 1978 to repeal provisions providing for the decontrol of natural gas prices. Provides that in the case of any price which is established under any contract for the first sale of natural gas and which does not exceed the applicable maximum lawful price, such maximum lawful price shall not supersede or nullify the effectiveness of the contract price. Provides for the reimposition of price controls on certain categories of previously decontrolled high-cost natural gas. Provides for the recomputation of the maximum lawful price to eliminate the increases in effect which are in addition to the rate of inflation for: (1) new natural gas and natural gas from the Outer Continental Shelf; (2) natural gas from new, onshore production wells; (3) sales of gas under existing interstate contracts; and (4) stripper well gas. Declares any take-or-pay clause of any contract applicable to the first sale of natural gas or applicable to any subsequent sale of natural gas to any interstate or intrastate pipeline to be against public policy and unenforceable. Defines a take-or-pay clause as any contract provisio…