Natural Gas Import Policy Act of 1983

Summary

Natural Gas Import Policy Act of 1983 - Suspends an order issued under the Natural Gas Act authorizing the importation of natural gas unless: (1) the price and terms of the applicable import contract have been renegotiated to be responsive to current market prices and demand; and (2) the renegotiated contract and tariff adjustments have been filed with the Secretary of Energy and the Federal Energy Regulatory Commission (FERC). Provides that in the case of any terminal or attendant facility located in the United States and constructed for the importation of Algerian natural gas (the authority for which is suspended by this Act), FERC shall permit recovery of the costs prudently incurred in connection with the construction of such facility to the same extent and in the same manner as if such facility were used and useful for the importation and transportation of natural gas (without regard to the suspension under this Act of importation authority). Prohibits FERC from permitting any rate of return on such costs. Includes "liquefied natural gas" within the term "natural gas" for purposes of this Act.

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1 official file

• Introduced in House

  summary · EN · 15 February 1983

  Open at official source

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