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Title: Elements Of Gas Contracts
Author: Jerry G. Kerr
Source: 1989 International School of Hydrocarbon Measurement
Year Published: 1989
Abstract: Gas contracts have evolved from a highly regulated environment to the market oriented instruments currently in vogue. Long-term contracts, which were commonplace during years of regulation, are being replaced by short-term, market-oriented contracts commonly referred to as spot market contracts. This tranformation happened so rapidly that virtually every producer and purchaser must administer both types of contracts. Consequently, the industry does not have a so called standard.

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