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Gas Purchase Agreement
"I need a Gas Purchase Agreement for a long-term supply arrangement between our petrochemical facility and Qatar Energy, with delivery starting March 2025, including specific provisions for quality requirements suitable for petrochemical feedstock and daily contract quantity of 50 million standard cubic feet per day."
1. Parties: Identification of the seller and buyer, including full legal names and addresses
2. Background: Context of the agreement, including brief description of parties' business and purpose of the agreement
3. Definitions: Detailed definitions of technical and commercial terms used throughout the agreement
4. Sale and Purchase Obligation: Core obligations regarding gas sale and purchase, including take-or-pay provisions
5. Quantity: Specified quantities including Daily Contract Quantity (DCQ), Annual Contract Quantity (ACQ), and flexibility provisions
6. Quality: Gas quality specifications and standards that must be met
7. Delivery Point: Specification of the point where title and risk transfers
8. Transportation and Delivery: Responsibilities for gas transportation and delivery arrangements
9. Price and Payment: Pricing formula, payment terms, invoicing, and payment security
10. Measurement: Gas measurement procedures, standards, and dispute resolution
11. Force Majeure: Definition of force majeure events and consequences
12. Term and Termination: Duration of agreement and termination rights
13. Liabilities and Indemnities: Allocation of risks and responsibilities between parties
14. Governing Law and Dispute Resolution: Choice of law and dispute resolution mechanisms
15. Confidentiality: Provisions regarding confidential information
1. Carbon Credits: Optional section for arrangements regarding carbon credits or emissions trading
2. Make-up Gas: Provisions for taking delivery of gas paid for but not taken in previous periods
3. Shortfall Gas: Provisions dealing with seller's failure to deliver contracted quantities
4. Commissioning Period: Special provisions for initial operational period
5. Gas Balancing: Provisions for managing imbalances in delivery and offtake
6. Third Party Access: Rights and obligations regarding third party access to facilities
7. Change in Law: Provisions dealing with changes in applicable laws and regulations
1. Schedule 1 - Quality Specifications: Detailed technical specifications for gas quality
2. Schedule 2 - Measurement Procedures: Detailed procedures for gas measurement and testing
3. Schedule 3 - Price Calculation: Detailed pricing formula and calculation methodology
4. Schedule 4 - Delivery Point Specifications: Technical details of delivery point facilities
5. Schedule 5 - Form of Bank Guarantee: Template for required payment security
6. Schedule 6 - Nomination Procedures: Detailed procedures for gas nomination
7. Schedule 7 - Operating Procedures: Day-to-day operational procedures
8. Schedule 8 - Communication Procedures: Procedures for operational and emergency communications
9. Appendix A - Technical Drawings: Relevant technical drawings and facility layouts
10. Appendix B - HSE Requirements: Health, safety, and environmental requirements
Authors
Annual Contract Quantity (ACQ)
Annual Delivery Program
Applicable Law
Base Price
British Thermal Unit (BTU)
Business Day
Buyer's Facilities
Commercial Operations Date
Contract Price
Contract Year
Daily Contract Quantity (DCQ)
Daily Nomination
Day
Delivery Point
Delivery Pressure
Effective Date
Expert
Force Majeure
Gas
Gas Specification
Gross Calorific Value
Hour
Invoice
Joule
Make-up Gas
Maximum Daily Quantity
Measurement Equipment
Minimum Daily Quantity
Month
Monthly Invoice
Natural Gas
Nomination
Off-Specification Gas
Operating Procedures
Party/Parties
Pipeline
Point of Delivery
Price Adjustment
Quality Specifications
Quarter
Reasonable and Prudent Operator
Seller's Facilities
Shortfall Gas
Specification
Standard Cubic Meter
Start Date
System
Take-or-Pay Quantity
Technical Specifications
Term
Termination Notice
Transportation System
Week
Wilful Misconduct
Year
Quality Specifications
Quantity Provisions
Delivery
Price and Payment
Invoicing
Measurement
Title and Risk
Transportation
Take or Pay
Force Majeure
Assignment
Confidentiality
Governing Law
Dispute Resolution
Term and Termination
Warranties
Health Safety and Environment
Liabilities and Indemnities
Insurance
Notices
Representations
Change in Law
Taxes
Credit Support
Compliance with Laws
Anti-corruption
Operating Procedures
Emergency Procedures
Records and Audits
Intellectual Property
Boilerplate Provisions
Oil & Gas
Energy
Utilities
Industrial Manufacturing
Power Generation
Petrochemicals
Infrastructure
Transportation
Legal
Commercial
Operations
Finance
Risk Management
Compliance
Health Safety & Environment
Technical
Business Development
Trading
Project Management
Supply Chain
Regulatory Affairs
Commercial Manager
Gas Supply Manager
Contract Administrator
Legal Counsel
Energy Trading Manager
Operations Director
Technical Manager
Risk Manager
Business Development Manager
Compliance Officer
HSE Manager
Finance Manager
Project Manager
Commercial Analyst
Gas Operations Specialist
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