Natural Gas Policy Act Amendments of 1986

[AI summary unavailable — showing source text] Natural Gas Policy Act Amendments of 1986 - Title I: Open Access to Transportation - Amends the Natural Gas Policy Act of 1978 to authorize the Federal Energy Regulatory Commission (the Commission) to: (1) allow any pipeline to transport natural gas on behalf of any person; (2) require pipelines to transport gas without discrimination; and (3) require pipelines which receive gas to provide nondiscriminatory transportation services. Requires the Commission (upon request by any person) to direct an interstate pipeline to provide transportation service (without discrimination) unless such pipeline demonstrates to the Commission that it is incapable of providing such service. Title II: Removal of Wellhead Price Controls and Repeal of Jurisdiction Over First Sales - Removes wellhead price controls over all natural gas first sales beginning April 1, 1987. Removes such control for certain gas sales contracts executed after March 1, 1986. Removes Commission jurisdiction over first sales of natural gas committed or dedicated as of the day before enactment of this Act. Repeals Commission authority to specify the minimum duration of certain natural gas contracts (thus removing all non-price r…