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Gas Purchase Agreement
"I need a Gas Purchase Agreement for our manufacturing company to purchase 500,000 GJ of natural gas annually from EnergyCo Ltd, with delivery starting March 1, 2025, including take-or-pay provisions and provisions for supply interruption during maintenance periods."
1. Parties: Identification and details of the seller and buyer
2. Background: Context of the agreement, including brief description of parties' business and purpose of the agreement
3. Definitions and Interpretation: Comprehensive list of defined terms and interpretation rules used throughout the agreement
4. Gas Specifications: Detailed requirements for gas quality, composition, and heating value
5. Supply Obligations: Core obligations regarding gas delivery, including quantities, delivery points, and pressure requirements
6. Term and Commencement: Duration of the agreement, including start date and any extension options
7. Price and Payment: Gas pricing mechanism, payment terms, invoicing, and dispute procedures
8. Nomination and Scheduling: Procedures for nominating gas quantities and scheduling deliveries
9. Measurement and Testing: Requirements for gas measurement, testing procedures, and equipment specifications
10. Title and Risk: Transfer of ownership and risk in the gas
11. Force Majeure: Events excusing performance and related procedures
12. Warranties and Representations: Standard warranties regarding authority, capacity, and compliance
13. Liability and Indemnities: Allocation of risks and responsibilities between parties
14. Default and Termination: Events of default, remedies, and termination procedures
15. Dispute Resolution: Procedures for resolving disputes between parties
16. Confidentiality: Protection of confidential information
17. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law
1. Transportation: Include when seller is responsible for gas transportation arrangements
2. Take-or-Pay: Include when buyer must pay for minimum quantities regardless of actual receipt
3. Make-up Gas: Include when allowing buyer to recover paid-for but undelivered gas in future periods
4. Carbon Credits/Emissions: Include when parties need to address carbon pricing or emissions trading
5. Security Requirements: Include when credit support or performance security is required
6. Gas Banking: Include when excess gas can be banked for future use
7. Interruptible Supply: Include when part of supply is on interruptible basis
8. Change in Law: Include detailed provisions when operating in volatile regulatory environment
9. Joint Operating Procedures: Include when complex operational coordination is required
1. Schedule 1 - Gas Specifications: Detailed technical specifications for gas quality and composition
2. Schedule 2 - Delivery Points: Technical details and maps of delivery point locations
3. Schedule 3 - Testing and Measurement Procedures: Detailed procedures for gas testing and measurement
4. Schedule 4 - Pricing Formula: Detailed pricing calculations and adjustment mechanisms
5. Schedule 5 - Nomination Procedures: Detailed procedures for gas nominations and scheduling
6. Schedule 6 - Contact Details: Key personnel and contact information for both parties
7. Appendix A - Form of Nomination Notice: Standard form for submitting gas nominations
8. Appendix B - Form of Bank Guarantee: Standard form for any required security
9. Appendix C - Meter Calibration Requirements: Technical requirements for meter calibration and maintenance
10. Appendix D - Operating Guidelines: Detailed operational procedures and requirements
Authors
Adjacent Pipeline
Adjusted Contract Price
Annual Contract Quantity
Australian Energy Market Operator
Base Gas Price
Business Day
Commencement Date
Contract Year
Daily Contract Quantity
Daily Nomination
Day
Default Rate
Delivery Point
Delivery Pressure
Force Majeure Event
Gas
Gas Day
Gas Specification
Gigajoule
Gross Heating Value
GST
Imbalance
Initial Term
Insolvency Event
Invoice
Law
Make-up Gas
Maximum Daily Quantity
Measurement Equipment
Minimum Daily Quantity
Month
Monthly Contract Quantity
National Gas Law
National Gas Rules
Nomination
Off-Specification Gas
Pipeline
Pipeline Operator
Price Adjustment Date
Quality Specifications
Quarter
Reasonable and Prudent Operator
Receipt Point
Related Body Corporate
Renewal Term
Security
Shortfall Gas
Take
Technical Dispute
Term
Transportation Agreement
Week
Wilful Misconduct
Interpretation
Term
Gas Specifications
Quantity
Delivery
Title and Risk
Quality
Measurement
Price and Payment
Nominations
Transportation
Take or Pay
Make-up Gas
Force Majeure
Delivery Point
Testing
Maintenance
Warranties
Liabilities
Indemnification
Insurance
Default
Termination
Security
Assignment
Confidentiality
Dispute Resolution
Notices
Governing Law
Health and Safety
Environmental Compliance
Regulatory Compliance
Records and Audits
Emergency Procedures
Operational Communications
Credit Support
Carbon Emissions
Taxes
Facility Access
Metering
Supply Interruption
Performance Standards
Technical Requirements
Reporting
Energy
Oil & Gas
Manufacturing
Mining
Power Generation
Industrial Processing
Utilities
Chemical Manufacturing
Food & Beverage
Commercial Real Estate
Legal
Commercial
Operations
Procurement
Risk Management
Compliance
Technical Services
Trading
Business Development
Regulatory Affairs
Commercial Manager
Energy Procurement Manager
Legal Counsel
Contract Administrator
Gas Trading Manager
Operations Manager
Risk Manager
Compliance Officer
Technical Manager
Business Development Manager
Energy Markets Analyst
Supply Chain Manager
Chief Commercial Officer
Regulatory Affairs Manager
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