An emergency natural gas transaction refers to the sale, transportation, or exchange of natural gas that is essential for addressing an emergency situation. This type of transaction is typically temporary, lasting no more than 60 days, and may involve the construction and operation of necessary facilities to facilitate the transfer of gas.
This term is primarily used in energy law and regulatory contexts, particularly under the Natural Gas Policy Act. Emergency natural gas transactions are crucial during situations like natural disasters or supply disruptions, where immediate access to gas is necessary. Legal practitioners may encounter this term when dealing with contracts, regulatory compliance, or emergency response planning. Users can utilize legal templates from US Legal Forms to manage related documents effectively.
Here are a couple of examples of abatement:
Example 1: A natural gas supplier may enter into an emergency transaction to provide gas to a region affected by a hurricane, ensuring that residents have access to heating and cooking fuel during the crisis.
Example 2: A utility company may need to quickly transport natural gas to a facility that has experienced a supply interruption due to an unforeseen event, such as a pipeline failure. (hypothetical example)
Emergency natural gas transactions are governed by federal regulations, particularly under 18 CFR 284.262, which outlines the conditions and requirements for such transactions. Additional state regulations may also apply depending on the jurisdiction.
| State | Regulation Overview |
|---|---|
| California | Specific regulations may apply to emergency gas transactions, particularly in relation to disaster response protocols. |
| Texas | Emergency transactions are subject to state oversight, especially during declared emergencies. |
| New York | State regulations may impose additional requirements for emergency gas sales and transportation. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| Natural Gas Sale | A standard transaction for the sale of natural gas. | Does not necessarily involve an emergency situation. |
| Natural Gas Exchange | Trading of natural gas between parties. | May not be time-sensitive or related to emergencies. |
If you find yourself in a situation that may require an emergency natural gas transaction, consider the following steps:
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An emergency typically involves situations that threaten public safety or disrupt essential services, such as natural disasters or supply failures.