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Title: Elements Of Gas Contracts
Author: Donald L, Parsons
Source: 1986 International School of Hydrocarbon Measurement
Year Published: 1986
Abstract: Welcome to the challenging world of gas contracts. Three and a half years ago our industry began to experience what at the time was thought to be a short term gas bubble. Decreasing demand for gas and excess deliverability has kept this bubble intact. Only a short time ago, certain words such as take or pay and deregulation were contract words only. Force majeure has taken on a new and broader meaning to include market conditions along with acts of God. Due to our ever changing market these terms have been given life and contracts have been interpreted and written with new meanings.

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