Following extensive consultation with gas industry participants, it was suggested that Gas Industry Co take a staged approach to development of a wholesale gas trading market, the first step being to develop a standard gas sale contract for use in short term, direct-bilateral trades.
Gas Industry Co, in conjunction with industry participants, has developed a standard gas sales contract which is available free of charge for use by industry participants. Please click on the links under related documents to view the GSA and Standard Terms.
The standard contract comes in two parts:
- A Gas Supply Agreement in which the parties specify the variable terms of trade; and
- A schedule of the standard, non-variable terms of trade.
As the standard contract is designed for trading on both the Maui and Vector systems, arrangements for the transportation of gas are dealt with outside of the standard contract. The standard contract provides for the non-exclusive trading of gas and therefore does not contain any restrictions on the on-sale of gas to third parties.
Gas Industry Co has developed a basic user guide to assist with use of the standard contract. Please see related documents below for the user guide.