Natural Gas Policy Act Reform Amendments of 1983

[AI summary unavailable — showing source text] Natural Gas Policy Act Reform Amendments of 1983 - Title I: Findings and Purposes - Sets forth the findings and purposes of this Act. Title II: Amendments to the National Gas Policy Act of 1978 - Amends the Natural Gas Policy Act of 1978 to declare against public policy and unenforceable any favored nation provision in any contract for the first sale of natural gas. Defines a favored nation provision as any provision in a contract for the first sale of natural gas which determines the price paid under such contract by reference to the price paid under any other natural gas purchase contract or a specified number of natural gas purchase contracts. Declares against public policy and unenforceable any obligation to pay for gas volumes, in the case of any first sale of natural gas, to the extent that the obligation fails to adequately provide for: (1) make-up of all gas volumes which are paid for but not taken; and (2) if make-up does not occur, for refunds of all amounts paid for gas not taken. Permits either party to a contract for the first sale of natural gas to have market- out authority in addition to whatever other market-out authority may be provided in the contract. Defines ma…