Natural Gas Fair Marketing Act of 1983

[AI summary unavailable — showing source text] Natural Gas Fair Marketing Act of 1983 - Amends the Natural Gas Policy Act of 1978 to define the term "abuse" so as to include misrepresentation, imprudence on the part of the pipeline, failure by a pipeline to bargain at arms-length with any producer, and the entering into of or operating pursuant to any contract by any pipeline with any producer if such contract materially prevents the pipeline from responding to changes in customer demand or other market forces. Voids any cost passthrough if the Federal Energy Regulatory Commission (FERC) determines that the amount paid by a pipeline for natural gas was excessive due to abuse. Prohibits any contract price provision for the first sale of natural gas to any pipeline which does not establish a specific unit price predictable with certainty over the duration of the contract (indefinite price escalator provisions). Deems any contract for the first sale of natural gas to any pipeline to allow the pipeline to escape the contract or to negotiate a new lower price if the natural gas is not marketable at the contract price (market-out provisions). Deems any contract for the first sale of natural gas to any pipeline to include a purchase r…