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The Model Gas Sales Agreement (“GSA”) is a standard agreement for the sale and purchase of natural gas for delivery into a pipeline network or to a facility such as a power station, factory or LNG liquefaction plant. The GSA is neither a buyer’s nor seller’s draft, but rather represents a balanced document containing a range of alternative treatments of common issues for the parties to select from and additional optional clauses for incorporation if required. The GSA contemplates sales of gas on the basis of continuous deliveries (rather than discrete liftings such as might be found under an LNG sales contract) and contains options for alternative delivery points. The Model GSA is supplemented by a useful Power Point presentation, which provides a summary of the agreement and the key concepts contained in it. Users should note that there is a separate Model Contract for LNG Sales and Purchases.
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